Finning International, Vancouver, British Columbia, Canada, announced last week that its Canadian division has been awarded a renewal of its current lease agreement with Teck Coal.

Under the current lease agreement with Finning, Teck operates about 50 large dozers, which are employed at six mines in British Columbia and Alberta. As part of the lease renewal, Finning expects to replace 30 of the 50 machines currently operating. About 18 large dozers will be new and 12 will be rebuilt units. The equipment leased is valued at approximately C$36 million (US$35.4 million).

“Teck is a valued customer and we are pleased to build on our long-term relationship with this agreement,” said Dave Parker, president of Finning (Canada). “Our commitment to our customers has earned us the position of the leading equipment supplier and service partner in the mining sector and we are encouraged by the renewed activity in this industry.”