SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
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Metinvest Group’s strategic vision is to become the leading<br />
vertically integrated steel producer in Europe, delivering sustainable<br />
growth and profitability, resilient to business cycles,<br />
thus, providing investors with returns at above the industry<br />
benchmarks.<br />
Metinvest B.V. (Netherlands) is a holding company for Metinvest<br />
Group. Metinvest Group’s main shareholders are <strong>SCM</strong><br />
Group (71.25%) and Smart Group (23.75%) and they<br />
manage the Group on a partnership basis. Clarendale Limited<br />
(Cyprus) owns a 5% share in Metinvest B.V.<br />
Metinvest Holding LLC is a managing company for Metinvest<br />
Group.<br />
Metinvest Group’s enterprises are located in close proximity<br />
to the key transportation routes and sea ports, providing<br />
the company with additional competitive advantages when<br />
making shipments to customers in Ukraine, CIS, Europe,<br />
Middle East, and South-East Asia. Metinvest exports the majority<br />
of its products to more than 1000 customers in 75<br />
countries worldwide, using its own international sales network,<br />
which covers most of the key regional markets.<br />
Metinvest Group’s enterprises employ more than 108,000<br />
people.<br />
28<br />
MAIN 1 METINVEST <strong>GROUP</strong><br />
ENTERPRISES<br />
Mining division<br />
Northern Ore Mining and Enrichment Plant (SevGOK) –<br />
leader in Ukraine's mining industry, one of the largest mining<br />
companies in Europe with a full production cycle for raw iron<br />
ore (concentrate and pellets) for metallurgy. The plant's annual<br />
concentrate production capacity is 14.4m tonnes and<br />
annual pellets production capacity is 10.5m tonnes. SevGOK<br />
sources iron ore from the two large ferrous quartzite fields,<br />
which in total constitute 3,807m tonnes of mineral resources,<br />
including 713m tonnes of proven ore reserves, reported<br />
according to JORC 2 standards.<br />
Central Ore Mining and Enrichment Plant (CGOK) – specializes<br />
in mining, processing, and production of raw iron ore<br />
(concentrate and pellets) for metallurgy. The plant’s annual<br />
concentrate production capacity is 6.2m tonnes and annual<br />
pellets production capacity is 2.2m tonnes. The plant produces<br />
commercial grade concentrate with an average Fe content<br />
of 65% and 68.2% and pellets with an average Fe content<br />
of 64%. CGOK sources iron ore from the fields, which in total<br />
constitute 2.689m tonnes of mineral resources, including<br />
710m tonnes of proven ore reserves, reported according to<br />
JORC 3 standards.<br />
Inguletsky Ore Mining and Enrichment Plant (InGOK) –<br />
specializes in mining and processing iron ore with an average<br />
Fe content of 63.7% to 67%. The plant's annual concentrate<br />
production capacity is 15.1m tonnes. InGOK sources iron ore<br />
from Ingulets ferrous quartzite field, which in total constitutes<br />
937 m tonnes of mineral resources, including 444 m<br />
tonnes of proven ore reserves.<br />
Komsomolskoye Mines Management – one of the largest<br />
suppliers of fluxing limestone in Ukraine. The enterprise's annual<br />
production capacity is 10–12m tonnes of commercial<br />
grade limestone.<br />
Krasnodonugol – one of the biggest coal mining companies<br />
in Ukraine, which both mines and enriches coking coal.<br />
1 Main enterprises, consolidated in <strong>2011</strong> into Metinvest B.V. (Metinvest<br />
Group holding company) reporting, according to the IFRS.<br />
2, 3 As of December 31, 2009
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