Concept

Metalloinvest

Summary
Metalloinvest Management Company LLC (Металлоинвест) is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Elektrometallurgical Plant (OEMK) and Ural Steel). USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively. In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence. Investments Metalloinvest Holding in Moscow In August 2017, Metalloivest Holding acquired shares in Nautilus Minerals together with Mawarid Offshore Mining. Mining Lebedinsky Mining and Processing Integrated Works/Lebedinsky GOK in Gubkin, Belgorod Oblast; 20% share of domestic iron ore market Mikhailovsky Mining and Processing Integrated Works/Mikhailovsky GOK in Zheleznogorsk, Kursk Oblast; another 20% share of the domestic iron ore market Norilsk Nickel: in July 2017 Metalloinvest Cyprus, an indirect subsidiary of Metalloinvest, completed the sale of its 1.79% stake in mining company Norilsk Nickel. The sale raised around $400 million. Metallurgy Ural Steel, based in Novotroitsk, Orenburg Oblast; large Russian integrated steel manufacturer. In 2017 SteelAsia announced an increase in the amount of steel to be purchased from Metalloinvest owned Ural Steel. In February 2022, Metalloinvest announced the sale of 100% of "Ural Steel" to Zagorsky pipe plant. Oskol Electrometallurgical Integrated Works in Stary Oskol, Belgorod Oblast; large electric steel manufacturer Oskol Trading Metallurgical Company LLC in Moscow Moldova Metallurgical Plant (MMP), large electric steel manufacturer Provider of 1.6 million tons of pellets and 1.
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