Mining. Metals

FBK has been providing professional services to companies in the mining and metals sector for over 17 years.

Our experience working with the biggest holding companies and enterprises has allowed us to learn about the nuances of their work and the specifics of their business processes and to gain unique experience in cooperating closely with the sector.

Our accumulated knowledge gives us the opportunity not only to perform our work at a high level, but also take into account all the specifics of each individual business.

FBK provides audit and audit-related services, develops methodological accounting and taxation documents for clients and offers valuation services.

In addition to our standard set of services, we often find that there is a need for the methodological development and implementation of non-standard projects.

Our ability to understand the specific problems of each individual company allows us to help clients build up their business in the most efficient manner. An integrated approach when implementing projects allows us to reach a deeper understanding and determine more accurately the nature of our clients’ problems, and then offer optimal solutions.

The qualifications and expertise of our staff and of FBK in general are fully reflected in Russia’s leading business ratings.

FBK has for many years held a leading position in the rankings of Russian auditing and consulting groups. In particular, according to the ranking of Russia’s largest audit and consulting groups in 2010-2011 carried out by the Expert RA rating agency, FBK led by revenues from auditing services in the metals sector (including mining).

The quality of our service has been acknowledged and appreciated by companies such as ALROSA, the Evraz Group and its subsidiaries, the West Siberian Iron and Steel Works and the Nizhniy Tagil Iron and Steel Works, the holding company Metalloinvest, ARMZ Uranium Holding Co. (JSC Atomredmetzoloto), the Yakutugol holding company, NLMK Group, Maxi-Group, United Metallurgical Company, UC RUSAL, the RT-Metallurgy Holding, Magnitogorsk Iron and Steel Works and Mechel.

In 2012 alone, FBK’s experts implemented or are in the process of implementing the following projects for the sector:
  • expert evaluations of new construction projects, technical modernization and reconstruction for Atomredmetzoloto subsidiaries
  • audit reports of RAS financial statements for the Evraz Group and its subsidiaries, such as the West-Siberian Iron and Steel Works, Nizhny Tagil Iron and Steel Works, Kachkanarsky Ore Processing Plant and Yuzhkuzbassugol etc.
  • audit reports of RAS financial statements for subsidiaries and affiliates of the Metalloinvest Holding Company.

Our experts also provide financial and management consulting services to the Evraz Group and Metalloinvest.

In 2012, we audited the RAS annual financial statements of subsidiaries and affiliated companies of the NLMK Group and implemented a major integrated consulting project for metals companies in the Republic of Belarus, in particular, for the Rechitsa metizny plant, JSC Belvtormet and other projects. These projects involved valuing assets for the purposes IFRS financial statements, the methodology for automating valuation and training specialists at our clients.

For many years, FBK experts have been successfully cooperating with ALROSA on conducting audits (including auditing the 2012 accounts), as well as in tax, accounting and management consulting.

FBK Legal experts also cooperate with industry leaders such as Almazy Anabara, the Evraz Group, Metalloinvest, United Metallurgical Company, NLMK Group, SUEK and others.

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