Mechel, BELAZ-24 Cinch Deal for Dump Truck Supply
Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing an agreement with CTP BELAZ-24 OOO for 15 dump trucks with a total value of approximately two billion rubles.
The deal was signed on the sidelines of the international specialized mining technologies exposition “Russian Coal and Mining” held in Novokuznetsk.
The new trucks with capacity ranging from 130 to 220 tonnes will come to Mechel Group’s facilities in Kemerovo and Irkutsk Regions, with 11 BelAZ trucks intended for work on Southern Kuzbass Coal Company’s open pits and four for Korshunov Mining Plant. The trucks are due to arrive in June-August 2019.
“Upgrading our mining fleet is an important priority for our program of capital investment in our mining facilities. Acquisition of these new dump trucks will enable us to boost mining and stripping volumes,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark commented.
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