Yakutugol


OJSC KhK 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..
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.