Yakutugol
Encyclopedia
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Yakutugol is a Russian coal company located at Neryungri
, Yakutia.
Established in 2002 by the public offering of the State-owned SUE Yakutugol.
Mechel
owns 100% of its shares since October 2007. Mechel bought 25% of the company shares at an auction in 2005 for US$410 mln and the rest 75% on October 5, 2007 for 58bn rubles. (together with Elgaugol).
Coal production per 2005 — 8,97 mln tonnes, net income estimation per 2007 - ca. $125 mln. Coal production per 2007 10,279 mln tonnes, including 3,33 mln energy coal.
General Director - Igor Khafizov.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
Yakutugol is a Russian coal company located at Neryungri
Neryungri
Neryungri is the second largest town in the Sakha Republic, Russia. Population: Municipally, the town is incorporated as Neryungrinsky Municipal District ....
, Yakutia.
Established in 2002 by the public offering of the State-owned SUE Yakutugol.
Mechel
Mechel
Mechel is one of Russia’s leading mining and metallurgical companies, producing coal, iron ore, nickel steel, rolled steel products, hardware, heat and electric power. Headquartered in Moscow, the company operates facilities in Russia, Romania, Lithuania, Kazakhstan, Bulgaria, and the United...
owns 100% of its shares since October 2007. Mechel bought 25% of the company shares at an auction in 2005 for US$410 mln and the rest 75% on October 5, 2007 for 58bn rubles. (together with Elgaugol).
Coal production per 2005 — 8,97 mln tonnes, net income estimation per 2007 - ca. $125 mln. Coal production per 2007 10,279 mln tonnes, including 3,33 mln energy coal.
General Director - Igor Khafizov.