[2] SUEK was based on the idea to consolidate disparate coal enterprises throughout Russian regions into an industrial holding in the early 2000s.

Amid the collapse of mining businesses and widespread miners strikes due to unpaid wages and poor working conditions, the average equipment depreciation was 90%.

According to the Financial Times, it has invested in high-capacity washing plants and has ash control technologies at all its coal ports.

[10] The first smart mining management control center was built to run all SUEK’s operations, monitoring the location and well-being of miners working underground.

[15] In March 2022, due to International sanctions during the Russo-Ukrainian War, Vladimir Rashevsky has left the Board of directors.

[17] The company was founded by Russian entrepreneur Andrey Melnichenko, who controlled 92.2% of SUEK, until he withdrew as its beneficiary and resigned from its board of directors on 9 March 2022.

The cheapness of coal generation is due to the fact that profits are privatized and losses are nationalized and borne by the regional budget.

Melnichenko's PR service greenwashes Russia's largest coal producer, promoting that it is at the top of ESG ratings, and that they tackle greenhouse gases.