Detour Gold Corporation, whose Detour Lake open pit mine project sits 180 kilometres northeast of Timmins, has entered into a purchase agreement with Concord-based Toromont Industries Limited. The deal will fulfill Detour's life-of-mine requirement of up to 36 350-ton-class Caterpillar haulage trucks.
An initial 18 trucks have been purchased, with six to be delivered in the fourth quarter of 2011, and the remaining 12 to be delivered the same time the following year.
The agreement also includes mine support equipment, of which 15 pieces will be delivered prior to 2010. This and the initial truck purchase have a value of $125 million.
The company has also appointed Julie Galloway as vice-president, general counsel and corporate secretary.
Galloway most recently served in the same roles for FNX Mining Company Inc. She also served as general counsel for Dynatec Corporation, and in similar positions within other mining firms through 15 years of corporate legal experience.
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