Sandvik Secures Significant Order for Underground Mining Gear

Author: Logan Wright Updated: 03-14-2025 05:24 AM

Sandvik Secures Major Contract for Underground Mining Equipment

Sandvik has achieved a significant milestone by being awarded a substantial order for a fleet of advanced underground mining equipment from Compañia de Minas Buenaventura. This order represents a value of approximately SEK 320 million and showcases Sandvik's commitment to enhancing mining operations globally.

Details of the Equipment Order

The extensive order encompasses various loaders and drills that will be deployed across three of Buenaventura's underground mining sites: El Brocal, Yumpag, and Uchucchacua. Initial equipment deliveries are set to commence in the third quarter and are expected to continue into the first quarter of the following year.

Comprehensive Support and Services

In addition to providing cutting-edge mining equipment, Sandvik will also supply spare parts, components, and ongoing maintenance support throughout the operational life of the equipment. This comprehensive service package ensures optimal performance and reliability in the challenging underground mining environment.

Leadership's Commitment to Partnership

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed enthusiasm about this partnership with Buenaventura. He stated, "We are excited to expand our relationship with Buenaventura by providing a fleet of our highly productive mining equipment. Our focus is on enhancing productivity and safety in their operations, which is paramount in the mining industry." This statement underscores Sandvik's strategic approach to fostering long-term collaborations with its customers.

About Sandvik

Sandvik AB is a leading global supplier of equipment and tools for the mining and rock excavation industries. The company is renowned for its innovative solutions that contribute to increased efficiency and sustainability in mining practices. Sandvik's dedication to research and development enables it to deliver state-of-the-art technology that meets the evolving demands of the mining sector.

Contact Information for Inquiries

For further inquiries regarding this order or other concerns, interested parties can reach out to Louise Tjeder, VP of Investor Relations, at +46 (0) 70782 6374, or Johannes Hellström, Press and Media Relations Manager, at +46 (0) 70721 1008. Sandvik remains committed to transparency and open communication with its stakeholders.

Frequently Asked Questions

What is the value of the recent order secured by Sandvik?

The order is valued at approximately SEK 320 million.

Which mining sites will utilize the new equipment?

The equipment will be deployed at El Brocal, Yumpag, and Uchucchacua mines operated by Buenaventura.

When will the delivery of the equipment begin?

Deliveries are scheduled to start in the third quarter of the year.

What additional services will Sandvik provide with the equipment?

Sandvik will also supply spare parts, components, and maintenance services for the equipment over its lifetime.

Who can be contacted for more information about this order?

Louise Tjeder and Johannes Hellström can be contacted for inquiries about the order.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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