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Finning is selling Caterpillar mining trucks, tractors to Shell Canada Energy

 
11/26/2009 2:00:00 PM | Canadian Press (English)

VANCOUVER, B.C. - Finning International Inc. (TSX:FTT) said Thursday its Canadian division is selling seven Caterpillar mining trucks and nine tractors to Shell Canada Energy. Financial terms of the sale were not immediately available.

The Caterpillar 797 trucks and D11 track-type tractors will be delivered later this year to Shell's Albian operations at the Muskeg River Mine in Alberta's oil sands.

The Muskeg River Mine is part of the Athabasca Oil Sands Project, a joint venture between Shell Canada, Chevron Canada Ltd. and Marathon Oil Sands.

The project, which utilizes conventional truck and shovel mining, has a design capacity of 155,000 barrels of bitumen per day.

Finning is the world's largest Caterpillar equipment dealer with operations in Western Canada, Chile, Argentina, Bolivia, Uruguay, and the United Kingdom.

In trading on the TSX, Finning shares fell four cents to close at $15.65.

© The Canadian Press, 2005
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