ARMENIA RECEIVED FIRST BATCH OF "BELAZ" QUARRY DUMP-TRUCKS WITH CARRYING CAPACITY OF 130 TONS

Yerevan, January 16. ArmInfo. Armenia has received the first batch of
"BelAz" quarry dump-trucks with carrying capacity of 130 tons, the
press-service of "BelAz Caucasus Trans Service" Company told ArmInfo.

To note, it is the first time Armenia receives the quarry dump-trucks
with such carrying capacity. Presently, the park of trucks, available
in the Republic, comprises mainly 45- and 55-ton quarry dump-trucks.

The trucks will work in the Sot gold deposit, operated by the Ararat
Gold Recovery Company (AGRC). As of today, a set of 4 dump-trucks
has been received from Belarus. Further, it is scheduled to bring 12
heavy-load dump-trucks more.

To recap, the Contract for delivery of 16 "BelAz"dump-trucks had
been signed between the AGRC and "BelAz Caucasus Trans Service" in
November, 2006. The Contract is a beginning of a long-term project
between the Armenian mining company and the Belarusian manufacturer
of quarry equipment, which have been fruitfully cooperating within
several years. According to the Contract, the AGRC will receive all
the spare parts for the quarry dump-trucks.

Purchase of heavy-load dump-trucks is a constituent part of the
investment program of a big Indian mining and smelting Corporation
"Vedanta Resources" for the development of its Armenian structure of
AGRC. During the last meeting with the RA President Robert Kocharyan,
the owner of "Vedanta Resources", Anil Agarval, said about $100 mln
will be invested into AGRC.

The main partners of "BelAz" in Armenia are the leading mining
enterprises, the Zangezur and Agarak copper- molybdenum industrial
complexes and the Ararat Gold Recovery Company.