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Metalloinvest
Russian mining and metallurgical company From Wikipedia, the free encyclopedia
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Metalloinvest Management Company LLC (Russian: Металлоинвест) is a Russian mining and metallurgical company specializing in iron ore extraction and steel production. Founded in 1999, the company includes a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Electrometallurgical Plant and Ural Steel, the latter sold in 2022).
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Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the principal beneficiary of USM Holdings, with additional stakes historically attributed to companies linked to Andrei Skoch and Farhad Moshiri.[6]
In 2021, Bloomberg reported that Metalloinvest was evaluating a potential initial public offering; however, as of 2025 the company remains privately held.[8]
In 2022, Metalloinvest reported revenue of 121 billion rubles.[9]
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Operations, related companies, and subsidiaries
Mining
- Lebedinsky GOK, Gubkin, Belgorod Oblast. One of Russia's largest iron ore producers.[10]
- Mikhailovsky GOK, Zheleznogorsk, Kursk Oblast.[11]
Metalloinvest previously held a minority stake in Norilsk Nickel, which it divested in 2017.[12]
Metallurgy
- Oskol Electrometallurgical Plant (OEMK), Stary Oskol, Belgorod Oblast.
- Ural Steel, Novotroitsk, Orenburg Oblast – sold to the Zagorsky Pipe Plant in February 2022.[13]
Other divisions
- Metalloinvesttrans, responsible for transportation and logistics, including rail operations.
- ORMETO–YUMZ, mechanical engineering, Orsk.
- Safisa, an events venue acquired in 2022.[14]
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Ownership
Metalloinvest is part of the USM Steel & Mining division of USM Holdings. Historical corporate structure (held through Cyprus entities) included:
- USM Steel & Mining Group Limited – 35%
- Metalloinvest Limited – 24%
- Seropaem Holdings Limited – 21%
- USM Investments Limited – 20%
Leadership
On 27 April 2020, long-time CEO Andrey Varichev died from complications related to bilateral pneumonia.[15]
Nazim Efendiev served as CEO from 2020 to December 2023. In December 2023, Efendiev became Chairman of the Board of Directors, and Oleg Krestinin was appointed CEO.[16]
Competition
Major domestic competitors include Evraz and Novolipetsk Steel.
See also
References
External links
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