ALBERTA - FINNING (CANADA) has signed a deal with SUNCOR ENERGY of Calgary for major mining equipment and support services for Suncor's oil sands mine north of Fort McMurray. The deal is worth approximately Cdn$360 million.
Suncor's equipment purchase includes 22 Caterpillar 797B mining trucks, 19 D11T tracked bulldozers and 5 D8T tracked dozers. In addition, Suncor has engaged Finning to support this equipment through various customer support service agreements, including parts and labour, ranging in term to approximately 10 years.
The equipment is scheduled to be delivered over the course of 2008 and 2009. The new 797 trucks will be used to meet increased production levels from existing operations as well as mine expansions. With the delivery of these large mining trucks, Suncor's fleet of Caterpillar mining trucks will grow to 67 units, of which 51 will be 797s and 16 are 793 model trucks.
Finning announced the deal the same day it announced record Q1 2008 revenue of $1.43 billion and a net income of $70.8 million for the same period. (www.Finning.com).
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