MOSCOW, March 14 - RAPSI. Bank Julius Baer and Co Ltd., a minority shareholder of Tomusinsky Open-Pit Mine, has accused its core owner, a Mechel subsidiary, of infringing its rights.

Bank Julius Baer and Co. Ltd., holding a 22.95-percent stake in Tomusinsky, went to a regional commercial court, the company's lawyer Igor Dubov told the Russian Legal Information Agency.

The plaintiff seeks invalidation of the January 13 Tomusinsky board meeting and extraordinary shareholders' meeting resolution to increase the charter capital through an additional shares placement.

In the plaintiff's view the resolution is detrimental to minority shareholders. The real purpose of such additional equity issue may be an attempt to cut the minority shareholding, Dubov said.

In addition, the Swiss company believes that the value of a common share to be placed would be below the market.

The extraordinary meeting was initiated by Southern Kuzbass, which owns a 74.47-percent interest in Tomusinsky and is part of the Mechel Group.