Finning to build power plant for Barrick project
Finning said recently its power systems division had won the contract from Barrick's wholly owned subsidiary, Minera Argentina Gold S.A., which is building the Veladero operation.
The power plant will supply electricity and heat to the Veladero mine and processing mill in early 2005.
Veladero is expected to start production in late 2005 at an annual rate of about 540,000 ounces of gold.
The contract comes after a $154 million deal Finning won last fall to supply equipment and maintenance services to Barrick's Argentinian project.
Finning International sells, rents, finances and provides customer support services for Caterpillar heavy equipment and engines in Western Canada, the United Kingdom and South America.
Related News
Energy Vault Secures $28M for California Green Hydrogen Microgrid
CALIFORNIA - Energy Vault, a prominent energy storage and technology company, recently secured US$28 million in project financing for its innovative Calistoga Resiliency Centre (CRC) in California. This funding will enable the development of a microgrid powered by a unique combination of green hydrogen and battery energy storage systems (BESS), marking a significant step forward in enhancing grid resilience in the face of natural disasters such as wildfires.
Located in California's fire-prone regions, the CRC is designed to provide critical backup power during Public Safety Power Shutoff (PSPS) events—periods when utility companies proactively cut power to prevent wildfires. These events…
