Metallurgy

Severstal

PAO Severstal is a vertically integrated steel and steel-related mining company with major assets in Russia as well as investments in other regions.

Alexey Mordashov, Chairman of the Board of Directors of PAO Severstal, controls 77.03% of the issued and outstanding share capital of the Company. Severstal generates sustainable earnings across its assets and maintain one of the highest EBITDA margins in the industry

Severstal is listed on the Moscow Stock Exchange with GDRs being traded on the London Stock Exchange. 

Severstal’s crude steel production in 2018 reached 12 million tonnes. Severstal reported revenue of $8.58 bln in 2018, EBITDA — $3.142 bln.

The company employs more than 50.000 people.

Chairman of the Board of Directors: Alexey Mordashov. CEO: Alexander Shevelev

Website: www.severstal.com

Nordgold

Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors.

In 2018 Nordgold produced 907 koz of gold. The company reported revenue of $1.143 bln in 2018, EBITDA — $470.2 mln.

Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects, advanced exploration phase and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada.

Nordgold employs about 8 500 people.

CEO – Nikolay Zelensky

Website: www.nordgold.com

Aterra Capital

Aterra Capital specializes in investing in metals and mining companies.

It assists to advance metals and mining projects in their development investing in companies at different stages of the project life cycle. Existing portfolio includes exploration, development and production companies operating copper, zinc, silver, phosphate, diamond, and mineral sands assets in various geographies.

Aterra is mainly focused on building minority stakes in the companies with a strong management team and intends to support portfolio companies in future capital raises.