Sandvik has received a SEK 320 million order for underground mining equipment from Buenaventura, scheduled for delivery between late 2025 and early 2026. The order includes loaders and drills for three mines, along with spare parts and maintenance services. Mats Eriksson expresses optimism about the partnership enhancing productivity and safety.
Sandvik has secured a significant order for underground mining equipment from the Peruvian mining firm Compañia de Minas Buenaventura (Buenaventura). Valued at approximately SEK 320 million, this order has been recorded in the first quarter of 2025.
The order encompasses loaders and drills intended for use in three of Buenaventura’s underground mines: El Brocal, Yumpag, and Uchucchacua. Delivery of the equipment is projected to commence in the third quarter of 2025 and will extend through the first quarter of 2026. Additionally, Sandvik will offer spare parts, components, and maintenance services throughout the equipment’s operational lifespan.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed enthusiasm regarding the partnership with Buenaventura, emphasizing the commitment to enhance productivity and safety in their mining operations.
Founded in Stockholm, Sandvik AB is a prominent global engineering group dedicated to improving productivity, profitability, and sustainability across manufacturing, mining, and infrastructure industries. The company is highly regarded for its innovation in digitalization and process optimization, providing a range of equipment, tools, services, and digital solutions. In 2024, Sandvik employed approximately 41,000 individuals and reported revenues of around 123 billion SEK across over 150 countries.
In summary, Sandvik’s acquisition of a major order from Compañia de Minas Buenaventura marks a significant development in enhancing underground mining operations in Peru. The order not only involves the provision of advanced equipment but also includes ongoing support and maintenance, thereby reinforcing Sandvik’s commitment to productivity and safety in the mining industry.
Original Source: www.tradingview.com
