METALLOINVEST is a leading global iron ore and HBI producer based in Russia

  • The world’s largest iron ore deposits under operation
  • The biggest regional iron ore production ranking in the top5 globally
  • The biggest HBI supplier globally
  • Strategic location of the main producing assets in Russia’s European part
  • Global leadership in iron ore production cost efficiency
  • One of the major steel producers in Russia

Corporate governance principles

METALLOINVEST is actively improving its corporate governance system, bringing it in line with global best practices and generally accepted standards. An effective and transparent corporate governance structure contributes towards the establishment of open and loyal relationships with consumers, suppliers, financial institutions and government bodies.

The METALLOINVEST Management Company, LLC (abbreviated name METALLOINVEST MC, LLC) is responsible for the Holding Company's operations.

The supreme management body responsible for strategic decisions governing the activities of the holding is the Board of Directors of METALLOINVEST Management Company, LLC.

The Board of Directors is responsible for the following key areas:
1. Defining the main activities of the company.
2. Taking decisions on the implementation of investment projects.
3. Making recommendations for the Holding Company's participation in associations or other business groups.
4. Making recommendations on the amount of remuneration for the Holding's auditor and controller.
5. Taking decisions on the approval of major transactions involving the acquisition, disposal or possible disposal of assets worth between twenty-five and fifty percent of the total value of the Holding Company's assets.
6. Taking decisions on approving related party transactions, if the transaction value or the price of property which is the subject of the transaction is less than two percent of the value of the Holding's assets.
7. Taking decisions on the establishment of committees of the Company’s Board of Directors and approving internal documents governing the formation and the work of the committees of such committees.

In 2010 a new version of the Regulation on the Board of Directors of METALLOINVEST MC, LLC was approved. The Board of Directors also approved a new version of the Regulation on the Board of Directors’ Strategy Committee.