Finning Announces Truck Sale and Extension of Support Services Contract With Barrick's Veladero Gold Mine for a Total Value of C$70 Million

Finning International Inc. today announced that its South American mining division has secured a sale of six 793 mining trucks to Minera Argentina Gold, a subsidiary of Barrick Gold Corporation and operator of the Veladero gold mine in Argentina. Finning also secured a one year extension on its Maintenance and Repair Contract (MARC) with Minera Argentina Gold that covers 28 existing 793 mining trucks and 18 pieces of support equipment. The combined value of these deals is approximately C$70 million.

The new trucks will be delivered in the first quarter of 2009 and used in the existing operations at the Veladero mine. The Veladero mine is located approximately 320 kilometers northwest of the city of San Juan in Argentina, close to the Chilean border. [read more]

Source: Finning International Inc.