Sandvik Secures Major Order for Underground Mining Equipment in Peru

Sandvik has secured a SEK 320 million order for underground mining equipment from Compañia de Minas Buenaventura in Peru. The order includes loaders and drills for three mines, with deliveries scheduled from late 2025 to early 2026, supported by ongoing maintenance services.

Sandvik has successfully secured a significant order for underground mining equipment from Compañia de Minas Buenaventura, a prominent mining company in Peru. Valued at approximately SEK 320 million, this order was officially recorded in the first quarter of 2025.

The order encompasses a fleet of loaders and drills designated for use at three of Buenaventura’s underground mining sites: El Brocal, Yumpag, and Uchucchacua. Deliveries are anticipated to initiate in the third quarter of 2025 and extend into the first quarter of 2026. Furthermore, Sandvik will provide essential spare parts, components, and maintenance support throughout the equipment’s operational lifespan.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction with the agreement, stating his enthusiasm for expanding the partnership with Buenaventura. He emphasized, “We look forward to contributing to increased productivity and safety in their operations.” Sandvik is recognized as a global leader in high-tech engineering solutions with a strong commitment to innovation in the mining sector.

For further clarity on the impact of this agreement, Louise Tjeder, Vice President of Investor Relations, and Johannes Hellström, Press and Media Relations Manager, are available for inquiries.

In conclusion, Sandvik’s recent acquisition of a major order for underground mining equipment from Compañia de Minas Buenaventura underscores the company’s robust position in the mining industry. This partnership not only reinforces Sandvik’s commitment to enhancing productivity and safety in mining operations, but also showcases its expertise in delivering high-quality equipment and services to global clients.

Original Source: www.tradingview.com