Finning International has been awarded three significant contracts to provide equipment and maintenance services to leading mining companies in Chile. The combined value of the contracts is $497 million, comprised of $247 million in new equipment and $250 million in maintenance services. The largest is a $130 million equipment sale along with a letter of intent for a five-year maintenance contract, valued at $120 million, for CAP Minería’s El Romeral iron ore mine. The equipment package includes 20 Cat 793F trucks along with three 6060 BH hydraulic shovels.In addition, Finning has been awarded a contract valued at $62 million from a large mining company to provide mobile equipment to one of its mines in Chile. Finning has also secured an eight-year maintenance services contract valued at $130 million with Codelco. Under this contract, Finning will provide parts and services for equipment sold earlier this year to Codelco for El Teniente’s new and first open pit mine,

Rajo Sur . This $55 million equipment package is being delivered in the fourth quarter of this year.”We are extremely pleased to secure these significant mining contracts which will help drive our continued growth in the near and distant future,” said

Marcello Marchese , President of Finning South America. “These contract wins are a testament to our leadership position in the mining sector and underscore our commitment to meeting the ongoing needs of our mining customers.”Finning International is the world’s largest Caterpillar equipment dealer.