Samruk-Energy JSC. Annual Report / 2013

Information about Subsidiary Companies (SC)

Mining and service companies

Bogatyr Komir LLP

Bogatyr Komir is the biggest coal mining enterprise in Kazakhstan: the company’s share from the total coal mining in the country is 37% (due to operative information of MINT RK). 

The Sole Participant of Bogatyr Komir LLP is Forum Muider B.V., a joint venture of the Company with UC RUSAL with equal shares of ownership 50% / 50%, registered in the Netherlands and is the holding company. 

At present time the project capacity of Bogatyr Komir strip mine is 42 million ton of coal a year (Bogatyr strip mine – 32 million tons, Severniy strip mine – 10 million tons).

The amount of the coal produced in 2013 amounted to 41.7 million tons.

Bogatyr Komir supplies coal due to market conditions for generating facilities of the Group and third parties situated both in Kazakhstan and in Russia. Coal strip mines of Bogatyr Komir are situated 35 km away from Ekibastuz SDPP-1 and 53 km away from Ekibastuz SDPP-2 (distance by railway) that allows minimizing costs for coal transportation for the Group. Most coal power stations in Kazakhstan use the coal grade produced by Bogatyr Komir.

Tegis Munay LLP

The main type of Tegis Munay LLP activity is organizing of geological exploration.

In accordance with decision of the Board of Directors of Samruk-Energy JSC from December 22, 2011 and according to Sale contract of participation shares from 30.10.2012 the Company has acquired 100% of the shares of participation in authorized stock capital of Tegis Munay LLP that also included 100% of participation share in the authorized stock capital of MANGYSHLAK-MUNAY LLP.

MANGYSHLAK-MUNAY LLP owns all the rights for development of Pridorozhnoe gas deposit.