[citation needed] It was named after a fugitive peasant Fyodor Belov, who built a small taiga house, a so-called zaimka, on the bank of the Bachat River.

The year of 1855 was a new page in the history of settlement: the mining of mineral resources on the found coal field began.

[2] The town developed as a conglomeration of departmental settlements, whose population was directly or indirectly involved with the coal mines, a power station, and the railway.

[1] As a municipal division, Belovo Town Under Oblast Jurisdiction is incorporated as Belovsky Urban Okrug.

63% of industrial outputs of the city are due to coal extraction, which is performed at 4 open pits and 5 underground mines.

Consequentially, due to the proximity of the city to the operational coalfields, a group of settlements in the huge terrain have defined a large number of objects of the social sphere (more than 240 entities).