Mechel inks JV agreement

Firm in JV deal with BelAZ for technical maintenance and repairs of BelAZ mining dump trucks

reg}Mechel has signed an agreement with BelAZ for a Russo-Belarusian joint venture that will be responsible for technical maintenance and repairs of BelAZ mining dump trucks in the Republic of Sakha (Yakutia), Russia.

The joint venture will be called ElgaBelAvto OAO. Mechel and BelAZ have decided to utilize Yakutugol Holding Company's production area for setting up ElgaBelAvto's plants and they also plan to create a subsidiary at the Elga Open Pit, Zacks reported.

ElgaBelAvto will provide services to meet the maintenance requirements of Yakutugol Holding Company's two biggest coal open pits ÔÇö Neryungrinsky and Elga ÔÇö which include more than 140 mining truck units in the medium run. {/reg}