SUEK is one of the top coal energy companies in the world and the number one Russian coal producer.
Despite SUEK not being listed on the stock market, we seek to comply with the best international standards on corporate governance and disclosure. We publish regularly audited financial statements, annual reports and sustainability reports. This transparency of information means all interested parties are able to make an accurate appraisal of the investment potential in our company.
SUEK’s vertically-integrated business model ensures we have extensive control over our value chain from deposit development to coal and power sales to final customers, with large, high-quality coal deposits, cost-efficient mining and modern quality-assured washing plants enabling us to produce wide variety of coals with less than average content of Sulphur and Nitrogen, highly efficient co-generation power plants, own logistics and coal distribution network in key global markets.
The case for coal
According to the International Energy Agency, in 30 years’ time coal will still be the major source of power generation globally. The volume of international coal trade will increase by almost 1.5 times compared to current levels and trade flows will continue to move towards Asia.
Our strategy is focused on developing our coal assets which are situated closest to this fast- growing Asian market. A significant proportion of the coal we produce is premium quality, which is highly in demand in Asia and attracts a higher price than other lower-grade products.
We are one of most cost-efficient coal producers in our sector and we are committed to a programme aimed at further improving operational costs – from production to delivery.
Sustainable growth model
SUEK is a stable business demonstrated by its healthy financial results. We target a safe Net Debt to EBITDA ratio and optimal debt duration. We aim to sustain a positive credit rating and ensure all our development projects are cost efficient. The company has a well-established system of internal controls, risk management and compliance.
Considering the particular nature of the coal mining industry and the inherent risks in this sector, we constantly look to improve industrial safety and thereby decrease injury rates. We also aim to reduce our adverse impact on the environment by introducing innovations in coal mining and coal processing.
We continually invest in our people and communities. Our employee development programme is based on best international practices. We actively and unceasingly contribute to the development of the regions where we operate – helping to improve the lives of employees and their families.