Kinross Gold and Caterpillar renew global alliance; agree on five-year deal

Canadian miner Kinross Gold announced today they have renewed their global alliance with equipment manufacturer Caterpillar, agreeing on a five-year deal that will include discounts on parts, services and machinery.

Kinross said the agreement represents the framework for doing business with its single biggest supplier for its mining equipment. The company revealed it was able to capitalize on savings of roughly $13 million last year in maintenance, supply chain and continuous improvement projects from the partnership.

“Cost savings aren’t the only benefit,” said Nicholas Macan, Kinross senior manager, supply chain enablement and mobile equipment. Macan, who negotiated the new agreement, expects the alliance to have many operational and supply chain benefits, including helping with continuous improvement innovation – a main driver in lowering operating costs for the company.

“The alliance brings a global relationship with Caterpillar, and their direct support in resolving technical and dealer issues. For example, when we wanted to deliver a 6060 shovel to Round Mountain that had originally been purchased for Tasiast, Caterpillar facilitated the transfer of the sale to the alternate dealer at no additional cost.”

Headquartered in Toronto, Kinross Gold Corp. engages in the production, acquisition, exploration and development of gold bearing properties in the Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania.

Recent News

 
Versatile Carmix takes concrete to North Mara Gold Mine in Tanzania
    The gold mine in North Mara is situated in the north-west of Tanzania, at about 100 kilometres east of Lake Victoria and 20 kilometres south of the border with Kenya. The gold mine works an average of 8,000 tonnes of minerals a day and produced 287,188 ounces of gold in 2015. The gold
WORKERS’ MEMORIAL DAY
Workers’ Memorial Day, observed each year on April 28, honors workers killed, injured, or made ill at work. Since 1992, BLS has collected data on both nonfatal work injuries and illnesses that result in days away from work, and fatal work injuries. In 2015, the occupations with the highest number of nonfatal injuries and illnesses
TOP 15 CONSIDERATIONS FOR MAINTAINING UNDERCARRIAGE HEALTH AND PRODUCTIVITY
The undercarriage of a machine represents a significant portion of a piece of equipment’s purchase price. Proper maintenance and operation practices are critical for protecting your equipment investment. Undercarriage maintenance is critical to the overall productivity of a machine. It is the mechanism that gives tracked machines much of their power and stability. It also
Deere Adds 8-Year / 20K Hour Warranty on 944K Electric-Drive Components
John Deere is now offering a 96-month / 20,000-hour power electronic components warranty on the Deere 944K hybrid wheel loader. The warranty is retroactive to existing machines in the field and provided on new 944K loaders through October 31, 2018. The warranty includes a 96-month (eight-year) or 20,000-hour (whichever comes first) non-prorated assurance on wheel
VERMEER SILVER SERIES DRILL RODS COMPOSED OF S135 COMMON GRADE STEEL
  Vermeer’s Silver Series drill rod is composed of S135 common grade steel and is threaded in the same facility as the company’s Firestick drill rod with the same column wall thickness. The Silver Series drill rod is available in four sizes: 1.66-inch, 1.9-inch, 2.06-inch, and 2.375-inch, for use on the D7x11 through the D24x40
CHILE: Construcción regional cae 7,5% y suma dos meses con cifras en rojo
Datos de Cámara Chilena de la Construcción estimaron retroceso de 7,5% en febrero que se suma al -10% de enero. Se busca consolidar esfuerzos público-privados para enmendar el rumbo. Por primera vez desde el año 2002, cuando se comenzó a publicar el Índice de Actividad de la Construcción Regional (INACOR), la Región de Coquimbo inicia

About Us

 
In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info

 

At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.


Phone: 786.219.1010
Email: sales@tractopart.com
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019