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Nordgold and “East Equipment” have signed the contract for the sum of $60 million on the Gross project

The international gold mining company Nord Gold SE reports about signing with the East Equipment company of the contract for delivery of the mountain equipment and technical support of the equipment for the Gross project. Total amount of the contract calculated for 5 years is estimated at the sum to $60 million.

The international gold mining company Nord Gold SE (“Nordgold” or “Company”) reports about signing with the East Equipment (EE) company, the official dealer of Cat® in Russia, contracts for delivery of the mountain equipment and technical support of the equipment for the Gross project. Total amount of the contract calculated for 5 years is estimated at the sum to $60 million.

The contract has provided high-quality training of experts of Nordgold of operation and to maintenance of the equipment on VT exercise machines. Several levels of training for ensuring the maximum safety of employees at objects — one of the most important priorities of Nordgold concerning the assets will be realized worldwide.

The contract also assumes cooperation in introduction on the Gross mine of Cat® MineStar™ HEALTH technology for remote monitoring of technical condition of the equipment. It will allow to cut operational costs and to provide the maximum reliability. The contract also extends to control of environmental pollution, technology of wireless inspections, the analysis of engine oils according to the program S • O • SSM and also measurement and management of wear of a running gear of the caterpillar equipment.

“We have signed with “East Equipment” the major contract on supply of equipment for the Gross project. Nordgold has developed the advanced model of assessment of offers on the key criteria covering questions of technical characteristics, training, components, guarantees, spare parts, technologies and support of innovations. Under the contract from our partner the most high-quality support for ensuring stable operability of the equipment necessary for implementation of the production plan of the Gross mine which after start in 2018 and an exit to design capacity will become the largest asset of Nordgold in Russia is required. Now construction of this mine of a world class with preparation for introduction of the advanced strategy and achievement of high operational performance is conducted”.

“East Equipment” is glad to see Nordgold among the business partners and users of the equipment Cat. A common goal for our companies is use of the latest international experience in control of the equipment for achievement of the maximum return on investment. We will give all support of the Nordgold company in achievement of a goal, as on the place of operation of the equipment, and far off with involvement of the best experts of W. We thank Nordgold for the given opportunity to become the supplier of so significant batch of the equipment and are happy to be a part of the project Gross”.

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