Sandvik has received a SEK 320 million order for underground mining equipment from Compañia de Minas Buenaventura in Peru. The order, which includes loaders and drills for various mines, emphasizes improved productivity and safety. Deliveries will start in Q3 2025, with ongoing service support throughout the equipment’s lifespan.
Sandvik has successfully secured a significant contract for underground mining equipment with Compañia de Minas Buenaventura in Peru, valued at roughly SEK 320 million, which will be recorded in the first quarter of 2025. This order comprises loaders and drills designated for use at Buenaventura’s underground mines, namely El Brocal, Yumpag, and Uchucchacua.
The initial deliveries of the equipment are anticipated to commence in the third quarter of 2025, with the delivery period extending until the first quarter of 2026. Alongside the equipment supply, Sandvik will provide spare parts, components, and maintenance services throughout the equipment’s life cycle.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction in expanding the partnership with Buenaventura, stating the commitment to enhance productivity and safety within their operations.
Sandvik, with a presence in over 150 countries and a workforce of approximately 41,000, is a leading global engineering group dedicated to optimizing processes for the manufacturing, mining, and infrastructure sectors. In 2024, the company reported revenues of about 123 billion SEK.
In conclusion, Sandvik’s recent acquisition of a major order from Compañia de Minas Buenaventura promotes its expansion in the mining sector, underscoring the company’s commitment to enhancing operational efficiency and safety through advanced equipment and dedicated support services. Scheduled deliveries from late 2025 to early 2026 are poised to significantly impact productivity.
Original Source: www.tradingview.com
