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by Daily Commercial News last update:Sep 11, 2006

Finning International Inc.’s Canadian division will supply $16 million in on-site power generation equipment for De Beers Canada Inc.’s Snap Lake underground diamond mining project in the Northwest Territories.

VANCOUVER

Finning International Inc.’s Canadian division will supply $16 million in on-site power generation equipment for De Beers Canada Inc.’s Snap Lake underground diamond mining project in the Northwest Territories.

Under the two-year contract, Finning Power Systems will provide prime and auxiliary generator sets, ancillary equipment, control systems and enclosures to produce approximately 21MW of electricity for the mine (roughly enough to power 20,000 homes).

Specifically, Finning will provide:

• Four Cat 3616 diesel generator sets, which will be installed in a main powerhouse facility provided by De Beers. Heat recovered from these generators will be used to heat the mine’s domestic hot water requirements, provide space heating, and some process loads. The Caterpillar 3600-series generator sets are scheduled to be delivered on the 2007 ice road.

• Three Cat 3516 diesel generator sets, each in an Arctic enclosure custom built by Finning.

This auxiliary powerhouse will provide power to the mine during the construction phase and backup and peak load power requirements after the mine is operational.

The Caterpillar 3500-series generators are scheduled to be delivered on the 2006 ice road.

“While in its early stages of development, the Canadian diamond mining industry is experiencing dramatic growth, and Finning is strategically positioned to play a major role in its future development,” said Doug Whitehead, president and CEO of Finning International Inc.

The Snap Lake Project, in the Northwest Territories, is wholly owned by De Beers Canada Inc. and, when operational in 2007 it will be the first entirely underground diamond mine in Canada.

DCN NEWS SERVICES

last update:Sep 11, 2006

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