Equipment11 May 2020 11:56
I get the impression that some on here seem to think that EUA has bought new equipment, when in fact, it's a lease agreement...in addition to, the equipment already owned
Machinery and equipment;
In addition to the existing machinery and equipment already owned by the Company as described in the announcement dated 26 November 2019, a lease agreement has been signed with Leasing-Trade in relation to the following:
· Two new Hitachi ZX330LC-5G excavators that have already been shipped and are currently operating at site, and a further Hitachi ZX300LC-5A excavator awaiting shipment;
· A 30 ton Chetra T15 bulldozer arrived on site on 15 March 2020; and
· The lease agreement also provides for the delivery to site during April 2020 of additional 4 Kamaz 20-tonne ore haulage trucks.
A fuel truck, that was purchased by the Company, completes the mobile fleet at site.