Finning Announces Lease Agreement Extension With Teck
Finning International Inc. (TSX:FTT) reported that its Canadian division has been awarded a renewal of its current lease agreement with Teck Coal Limited.
The press release is quoted as saying:
Under the current lease agreement with Finning, Teck operates approximately 50 large dozers which are employed at six mines in B.C. and Alberta. As part of the lease renewal, Finning expects to replace 30 of the 50 machines currently operating. Approximately, 18 large dozers will be new and 12 will be rebuild units. The equipment leased is valued at approximately C$36 million.
Click here to access the entire press release
Click here to access Finning Corporate Site
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Fri, Mar 12, 2010
Post by Mike Rodger, Coal Reporter