MOSCOW, October 25 - RAPSI, Natalia Belova. A commercial court will hear on November 28 a $10.7 million lawsuit filed by the Lebedinsky Ore Mining and Processing Enterprise against the AlfaStrakhovanie insurer, the Russian Legal Information Agency (RAPSI) reports from the courtroom.

According to the Metalloinvest Group, which includes the plaintiff, the statement of claim is just a technical step as the company hopes to settle the dispute soon and receive due compensation. The lawsuit stems from the failure of insured equipment that resulted in economic losses due to wasted time and repairs in 2009.

The court conducted a preliminary hearing on Tuesday and set the date to hear the case on its merits.

The Lebedinsky Ore Mining and Processing Enterprise, which filed the lawsuit against AlfaStrakhovanie on September 13, is a largest iron ore producer and processor in Russia.

Metalloinvest is engaged in assets management in the Russian iron ore mining industry.

AlfaStrakhovanie is part of the Alfa-Group and offers over 100 types of insurance services, including life and accident insurance. It has more than 390 offices all over Russia.