Mechel and Belaz Create Joint Venture ElgaBelAvto
Moscow, Russia — June 10, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, and BelAZ OAO announce signing an agreement to create a joint Russo-Belarusian venture ElgaBelAvto OAO for technical maintenance and repairs of BelAZ mining dump trucks in the Republic of Sakha (Yakutia). The enterprise’s facilities will …