OREANDA-NEWS. December 07, 2009. KAZAKHMYS PLC, common shares of which are present in Kazakhstan Stock Exchange (KASE) official list informed KASE that Kazakhmys Group (Kazakhmys PLC) intends to create in Kazakhstan new enterprise to produce quarry and special equipment jointly with Belarus automobile plant. New technical equipment will be produced based on Karaganda foundry- machine building plant. Kazakhmys stake in the project on creation of joint venture KazBelaz will make up 51%, Belarus automobile plant - 29%, ASTANABELAZSERVICE K, official dealer in Kazakhstan - 20%. Total project investment costs will make up over US70 m., reported the press-centre of KASE.

At the initial phase the joint venture will make capital repairs of large trucks. In the future it will start producing new technical equipment under BelAz, MoAZ brands and producing spare parts for quarry and special equipment. The group expects that the project will bring o Karaganda region new high qualified working places, create possibilities for small and medium size entrepreneurship and decrease equipment cost for mining companies.