Sandvik has secured a SEK 320 million order from Buenaventura for loaders and drills for three underground mines in Peru, El Brocal, Yumpag, and Uchucchacua. Deliveries will commence in Q3 2025 through Q1 2026, including spare parts and maintenance services. Sandvik aims to enhance productivity and safety through this partnership.
Sandvik has successfully secured a notable order valued at SEK 320 million from Buenaventura, a leading Peruvian mining company. This order consists of loaders and drills intended for three key underground mining operations: El Brocal, Yumpag, and Uchucchacua. The delivery of the mining equipment will initiate in the third quarter of 2025 and is expected to extend through the first quarter of 2026.
The comprehensive deal not only includes the provision of essential mining equipment but also encompasses spare parts, components, and ongoing maintenance services throughout the service life of the equipment. This strategic partnership is expected to ensure a long-term revenue stream for Sandvik through these ancillary services, emphasizing the importance of their collaboration with major mining enterprises in Peru.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed enthusiasm regarding this partnership. He stated that the company is “very pleased to expand our partnership with Buenaventura by supplying a fleet of our highly productive mining equipment.” This collaboration aims to enhance productivity and safety in Buenaventura’s mining operations, highlighting Sandvik’s commitment to supporting its clients’ operational improvement needs.
In conclusion, Sandvik’s significant SEK 320 million order from Buenaventura marks a milestone in their partnership, facilitating the provision of advanced underground mining equipment. This initiative not only serves to enhance operational productivity and safety for Buenaventura but also assures Sandvik of a stable, long-term revenue stream through auxiliary services, representing a substantial strategic advancement in the South American mining sector.
Original Source: www.stocktitan.net
