Sandvik Secures SEK 320 Million Order for Mining Equipment in Peru

Sandvik has obtained a SEK 320 million order from Buenaventura to supply loaders and drills for three underground mines in Peru. Equipment delivery is set for Q3 2025 to Q1 2026, including ongoing maintenance and spare parts, thereby establishing a strategic partnership for long-term operational support.

Sandvik has secured a substantial order valued at SEK 320 million from the Peruvian mining firm Buenaventura. This order entails the provision of loaders and drills for three significant underground mines: El Brocal, Yumpag, and Uchucchacua. Delivery of the equipment is anticipated to commence in the third quarter of 2025 and continue until the first quarter of 2026.

The deal encompasses not only the supply of the equipment fleet but also includes spare parts, components, and maintenance services, ensuring support throughout the operational lifespan of the machinery. This strategic agreement marks an expansion of Sandvik’s partnership with Buenaventura, reflecting a long-term revenue opportunity through ongoing maintenance and spare parts.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction, stating the company is pleased to enhance its collaboration with Buenaventura. He added that they look forward to contributing to improved productivity and safety in their operations.

For additional information regarding this contract, contact Louise Tjeder, VP of Investor Relations, or Johannes Hellström, Press and Media Relations Manager, using the provided phone numbers.

This agreement positions Sandvik favorably within the Peruvian mining sector, potentially enhancing profitability through its comprehensive service offerings and strong support framework for equipment maintenance.

In summary, Sandvik has successfully secured a SEK 320 million order for mining equipment from Buenaventura, emphasizing a comprehensive approach that includes both machinery and maintenance services. This collaboration not only expands Sandvik’s presence in Peru but also promises long-term benefits in terms of productivity enhancements and operational safety for Buenaventura’s mining activities.

Original Source: www.stocktitan.net