Sandvik has secured a major order valued at SEK 320 million for underground mining equipment from Buenaventura in Peru. The order includes loaders and drills for three mines, with deliveries slated from late 2025 to early 2026. Sandvik will also provide maintenance services and spare parts, strengthening its partnership with the mining company.
Sandvik has successfully secured a significant order for underground mining equipment from Compañia de Minas Buenaventura, a prominent mining company in Peru. This order, valued at approximately SEK 320 million, was recorded in the first quarter of 2025, marking a substantial achievement for the organization.
The equipment procurement includes loaders and drills designed to operate in three of Buenaventura’s underground mines: El Brocal, Yumpag, and Uchucchacua. Deliveries of the equipment are set to commence in the third quarter of 2025 and will continue until the first quarter of 2026. Furthermore, Sandvik has committed to providing 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, stating, “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.”
Sandvik Group is recognized as a global high-tech engineering company, dedicated to enhancing productivity, profitability, and sustainability across various industries, including manufacturing and mining. The organization is a frontrunner in digitalization, offering an extensive array of equipment, services, and solutions to optimize customer processes and ensure operational excellence. As of 2024, Sandvik employed approximately 41,000 individuals and generated revenues totaling about 123 billion SEK across more than 150 countries.
In summary, Sandvik’s acquisition of a major order from Buenaventura for underground mining equipment signifies a robust expansion of their partnership. The extensive order promises to enhance productivity and safety at Buenaventura’s mining operations, further establishing Sandvik as a leading provider of innovative mining solutions within the industry. As the deliveries are expected to begin in 2025, this development highlights Sandvik’s commitment to customer support and operational excellence.
Original Source: www.tradingview.com
