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Finning reports Q1 2021 results and announces contracts


(3) was 14.4%, the highest since Q3 2018.
Subsequent to the quarter, our South American operation received a notice of award from Chilean state-owned copper mining company, Codelco, to deliver new trucks, product support, and an autonomous technology pilot to its mining operations in northern Chile.
In the UK & Ireland, Q1 2021 backlog
(2) was at record levels, driven by strong order intake
(2) in construction, including additional orders for the HS2 project, and a significant backlog of power systems projects for data centre customers.
Consolidated equipment backlog increased by 57% from December 31, 2020 to $1.2 billion at March 31, 2021, the highest backlog since Q4 2018. Consolidated order intake was up by 33% from Q4 2020, the highest since Q1 2018, with all operations reporting a significant increase in order intake. ....

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Chile copper production down 0.7% year on year in January


Chile copper production down 0.7% year on year in January
Chile produced 457,100 tonnes of copper in January, down by 0.7% from 460,100 tonnes in the same month in 2020, the Chilean copper commission, Cochilco, said on Tuesday March 2.
A decline in output at the BHP-majority-owned Escondida copper mine - the world’s largest – is likely to be the main reason for the small decline, with production there falling 11.6% to 84,700 tonnes in the first month of 2021, down from 100,900 tonnes in the corresponding period of 2020, according to Cochilco data.
The world’s biggest copper producer, meanwhile - the government-owned Codelco - reported output of 142,000 tonnes in January, a 19.4% year-on-year increase from 118,900 tonnes in January 2020. ....

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