Magnitogorskiy metallurgicheskiy kombinat OAO (MMK OAO or Magnitogorsk Iron & Steel Works OJSC) is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. It is also involved in the coal ore mining, process of ore materials, sale of ferrous metal products and others. It operates domestically, as well as exports its products to the Commonwealth of Independent States countries, Asia and the Near and Far East countries. It operates through numerous subsidiaries and affiliated companies, located domestically, as well as in Turkey. It has one branch in Kazakhstan and one representative office located in Ukraine. As of December 31, 2011, the Company�s major shareholder was Minta Holding Limited with a stake of 45%. In January 2013, the Company sold a 50% stake in CJSC Kazankovskaya Coal Company. In March 2013, it decreased its stake in MiG OOO from 99.88% to 16.73%.