Latest news with #MatsEriksson
Yahoo
04-07-2025
- Business
- Yahoo
Sandvik gains Oyu Tolgoi's $28m order for underground mining equipment
Sandvik has secured an order valued at Skr270m ($28.3m) from Oyu Tolgoi LLC for underground mining equipment. The equipment, including loaders and trucks, will be used at the Oyu Tolgoi copper-gold mine in the South Gobi Desert, Mongolia. The order was recorded in the second quarter of 2025, with deliveries scheduled to commence in October and continue until November 2026. Sandvik Mining business area president Mats Eriksson stated: 'Sandvik loaders and trucks have consistently delivered industry-leading performance for Oyu Tolgoi, and we are very pleased to be able to continue to support safety, productivity and cost efficiency in the mining operations.' Oyu Tolgoi LLC, a joint venture between Rio Tinto and the government of Mongolia, operates the Oyu Tolgoi mine, which is considered one of the world's largest known copper-gold deposits. The partnership structure of Oyu Tolgoi comprises the government of Mongolia with a 34% stake and Rio Tinto with 66%. Rio Tinto also manages the operations. The Oyu Tolgoi mine has been producing copper concentrate since 2013, when its copper concentrator, Mongolia's largest industrial complex, began operations. The initiation of underground production in March 2023 has elevated Oyu Tolgoi to a leading position among global copper producers, with an expected peak production of 500,000 tonnes per annum (tpa). In addition to the mining equipment order, Sandvik Mining has also recently obtained IEC 62443-4-1 certification at Maturity Level 2. This certification underscores Sandvik's commitment to embedding cybersecurity measures into its product design and development processes. The IEC 62443-4-1 standard is an internationally recognised benchmark that ensures secure product development practices within the industrial automation and control systems sector. "Sandvik gains Oyu Tolgoi's $28m order for underground mining equipment" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
17-03-2025
- Business
- Yahoo
Sandvik wins major mining equipment order in Southeast Asia
STOCKHOLM, March 17, 2025 /PRNewswire/ -- Sandvik has been awarded a major order for underground mining equipment from a leading mining customer in Southeast Asia. The order is valued at around SEK 450 million and was booked in the first quarter 2025. The order includes development drills, cable bolters and load and haul equipment. Deliveries are scheduled to begin in the second quarter 2025 and continue through the first quarter 2026. "We are pleased to be awarded this order, which shows the customer's confidence in our intelligent underground drills and highly productive load and haul equipment," says Mats Eriksson, President of Sandvik Mining and Rock Solutions. Stockholm, March 17, 2025Sandvik AB For further information, contact: Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008 This information was brought to you by Cision The following files are available for download: Sandvik wins major mining equipment order in Southeast Asia View original content: SOURCE Sandvik Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Sandvik wins major order for underground mining equipment in Peru
STOCKHOLM, March 14, 2025 /PRNewswire/ -- Sandvik has been awarded a major order for a fleet of underground mining equipment from the Peruvian mining company Compañia de Minas Buenaventura (Buenaventura). The order is valued at approximately SEK 320 million and was booked in the first quarter 2025. The order includes loaders and drills, which will be used at three of Buenaventura's underground mines; El Brocal, Yumpag and Uchucchacua. Deliveries are scheduled to begin in the third quarter 2025 and continue through the first quarter 2026. In addition to the equipment order, Sandvik will supply spare parts, components and maintenance service during the lifetime of the equipment. "We are very pleased to expand our partnership with Buenaventura by supplying a fleet of our highly productive mining equipment. We look forward to contributing to increased productivity and safety in their operations," says Mats Eriksson, President of Sandvik Mining and Rock Solutions. Stockholm, March 14, 2025 Sandvik AB For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008 This information was brought to you by Cision The following files are available for download: Sandvik wins major order for underground mining equipment in Peru View original content: SOURCE Sandvik Sign in to access your portfolio
