The project will be powered by clean electricity through the company’s planned 135-km long, 230 kV electricity transmission line which will connect to the BC Hydro grid.
Under the supply agreements, Finning has secured equipment pricing for the primary fleet until Dec. 31, 2024, subject to minor index and foreign exchange adjustments. Finning has further agreed to delivery dates for the primary and ancillary fleet in order to support mine development for Blackwater. The supply agreements secure the supply of equipment, as well as the supply of parts and labour, the latter of which will support the equipment availability guarantees provided by Finning.
The company has also concurrently executed a credit-approved commitment letter for an equipment lease facility with Caterpillar Financial Services associated with the primary and ancillary mining fleet, as well as an agreement with Caterpillar (NYSE: CAT) regarding the supply of a…
