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.
