Finning International Inc. (“Finning”) announced last week that its Canadian division has secured a major mining equipment sale of 19 new Caterpillar 797B mining trucks valued at over C$100 million to Albian Sands Energy Inc. for operation in the Alberta oil sands.
VANCOUVER
Finning International Inc. (“Finning”) announced last week that its Canadian division has secured a major mining equipment sale of 19 new Caterpillar 797B mining trucks valued at over C$100 million to Albian Sands Energy Inc. for operation in the Alberta oil sands.
Of the 19 – 400 ton trucks, 16 will be placed into service at the new Jackpine Mine, part of Albian Sands Expansion 1, while three are being added to Albian Sands’ existing fleet at the Muskeg River Mine. The trucks for the Muskeg River Mine were delivered during the first quarter of 2007 and those for the Jackpine Mine will be delivered beginning late 2007 and throughout 2008. A product support agreement for this equipment is currently under negotiation.
“The Alberta oil sands continues to be an exceptional growth opportunity for Finning,” said Doug Whitehead, president and CEO of Finning International Inc. “We are responding by investing in our customer service capacity to maximize equipment performance for our customers and position Finning for further growth in this region.”
Finning International Inc. is the world’s largest Caterpillar equipment dealer. The Company sells, rents and provides customer support services for Caterpillar equipment and engines in Western Canada, the U.K., and South America (Argentina, Bolivia, Chile and Uruguay). Finning also owns Hewden, the largest equipment rental business in the U.K.
Headquartered in Vancouver, Finning International Inc. is a widely held, publicly traded corporation, listed on the Toronto Stock Exchange. Additional information can be found on their website www.finning.com.
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