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PIT EQUIPMENT, PARTS CONTRACT – Finning Deal with Syncrude Worth $130 Million

FORT McMURRAY, ALBERTA Vancouver-based FINNING (CANADA) has won a $130-million contract from SYNCRUDE for mining...


FORT McMURRAY, ALBERTA Vancouver-based FINNING (CANADA) has won a $130-million contract from SYNCRUDE for mining equipment, parts and components.

The contract includes the sale of 11 Caterpillar 797B off-highway trucks and a nine-year parts and components agreement. In addition to the truck fleet, Finning will deliver a number of pieces of Cat support equipment including graders, tailings tractors, dozers, a pipelayer and a compactor. The cost of the total equipment package is about $70 million. The value of the parts and components agreement is in excess of $60 million.

Syncrude is expanding its oil sands mining and upgrading facilities, noting that the staged projects may have a total cost of $30 billion over the next decade. The second hydrotransport train in operation from the Aurora mine and the upgrader is being expanded. Two more trains for Aurora and two more upgrader expansions are planned between 2006 and 2015.

Visit either www.syncude.com or www.finning.com.


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