UK Kuzbassrazrezugol OAO (Russian: ОАО УК "Кузбассразрезуголь", and also known as KRU) is a Kemerovo, Russia-based coal company. The company extracts, processes, and distributes coal domestically and internationally. Kuzbassrazrezugol's products are used primarily in the energy sector and metallurgical industry. The company is majority-owned by Iskander Makhmudov and Andrei Bokarev. Combined, the two men own 75% of the company. As of December 12, 2012, the company’s market cap is $3.3 billion. According to Bloomberg Businessweek: "Year over year, Kuzbassrazrezugol Open Joint - Stock Coal Company has been able to grow revenues from 50.8B to 60.9B. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 19.92% to 16.78%. This was a driver that led to a bottom line growth from 7.4B to 8.2B." More information...
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