16 March 2022
Vladimir Rashevsky resigns from SUEK Board of Directors
JSC SUEK (“SUEK”, “Group” or “the Company”) announces that Vladimir Rashevsky resigned from the Board of Directors of SUEK, effective 15 March, 2022.
The move follows the announcement on Tuesday made by the European Union extending sanctions to Mr. Rashevsky and 14 other prominent business figures from Russia. SUEK remains committed to continue providing coal and essential power to customers around the world, maintaining business integrity and open communications with all stakeholders, and ensure the well-being of its employees and local communities.
10 March 2022
Andrey Melnichenko resigns from SUEK Board of Directors, stands down as main beneficiary
JSC SUEK (“SUEK”, “Group” or “the Company”) announces that Andrey Melnichenko has resigned from the Board of Directors and withdrawn from the beneficiaries of the Group, effective 9 March 2022.
Andrey Melnichenko was Chairman of the Nomination and Compensation Committee of SUEK’s Board of Directors, and served as a Non-Executive Director of the Group since 2004.
At year-end 2021, the legal entity that held business interests for the benefit of Andrey Melnichenko indirectly owned 92.2% of the Company’s share capital. Following his resignation and withdrawal as beneficiary on 9 March 2022, the share controlled beneficially by Mr. Melnichenko is 0%.
SUEK remains committed to providing coal and essential power to our customers around the world, maintaining business integrity and open communications with all stakeholders, and ensure the well-being of its employees and local communities.
SUEK AG is one of the largest coal trading companies in the world
Coal mines
The mines and open-pits operated by JSC SUEK are located in six regions of Russia, namely: Kuzbass, Buryatia, Khakassia, Krasnoyarsk region, Khabarovsk region and Zabaikalye.
Coal specification
SUEK AG mainly exports coal containing high volatile matter above 30% on dry basis (except for the Apsat coal). Although there are several standard specifications for each delivery direction, we are able to deliver specific blends in order to meet coal parameters our customer may require.
Delivery directions
There are four main directions of coal delivery. The most important direction of our seaborne deliveries is Pacific region. Shipments to Japan, South Korea, China, Taiwan, Malaysia, India, Vietnam, Hong Kong and other countries are arranged via JSC SUEK`s own ports in Far East – Vanino Bulk Terminal (Muchke bay) and Maly and also via Vostochny port in Nakhodka area.
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