Operations
SUEK provides about 31% of coal in the Russian market and about 25% of Russian coal exports. It develops Kharanor, East, and Tugnuyskogo deposits of coal, and has a license for the development of Nicholas deposit. In 2007, SUEK produced 90.9 million tons of coal.
In addition to the coal mines, SUEK was a shareholder of several Siberian and Far-Eastern power companies, most prominently in Kuzbassenergo (TGK-12) and Yenisei TGK (TGK-13). However, in April 2011 the company announced a plan to de-merge its power assets. As the first stage of de-merging, the power assets were transferred to Siberian Energy Investments Ltd., a holding company controlled by the SUEK's major shareholder Donalink Ltd.
Read more about this topic: Siberian Coal Energy Company
Famous quotes containing the word operations:
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)