Mining Magazine > Panorama > Double contract win for Finning Canada

Finning International has announced that its Canadian division has been awarded a renewal of its current lease agreement with Teck Coal Ltd.

Under the current lease agreement with Finning, Teck operates approximately 50 large dozers which are employed at six mines in British Columbia and Alberta. As part of the lease renewal, Finning expects to replace 30 of the 50 machines currently operating. Approximately, 18 new large dozers will be delivered and 12 units will be rebuilt. The equipment leased is valued at approximately US$35 million.

“Teck is a valued customer and we are pleased to build on our long term relationship with this agreement,” said Dave Parker, president of Finning Canada.

Finning’s Canadian division, has also secured an extension of its exclusive supplier agreement with Coal Valley Resources and Prairie Mines & Royalty to 2015.

Under the original five year contract which expires this year, Finning was the exclusive supplier of mine support equipment and associated parts, accessories, attachments and services, including equipment technology for Coal Valley Resources’ and Prairie Mines’ surface coal mining operations in Alberta.

Mr Parker said: “We are very pleased with this contract renewal and look forward to continuing to work with both companies. The extension of our exclusive supplier agreement demonstrates both the confidence that our customers have in Finning and our organisation's commitment to providing a high level of service.”

Coal Valley Resources and Prairie Mines & Royalty are collectively the largest producers of thermal coal in Canada. They operate 10 surface mines located in the provinces of Alberta and Saskatchewan producing bituminous, sub-bituminous and lignite thermal coals.