Sandvik wins major mining automation order from Codelco

Rhea-AI Summary

Sandvik secures a significant order from Codelco to provide an AutoMine® load and haul automation system for the new Andesita project at the El Teniente mine in Chile, valued at approximately SEK 300 million. The partnership aims to enhance safety, efficiency, and productivity in mining operations.

STOCKHOLM, March 1, 2024 /PRNewswire/ -- Sandvik has received a major order from Codelco, the world's largest copper producer, to supply a AutoMine^® load and haul automation system, for use in the new Andesita project at the El Teniente mine in Chile. The order is valued at approximately SEK 300 million and was booked in the first quarter 2024.

Under the new contract, which follows multiple automation solutions orders from Codelco in 2023, Sandvik will implement an advanced automation system and deliver a new automated Toro™ LH621i loader during 2024.

"We are very pleased to expand our partnership with Codelco and look forward to provide our leading mining automation solutions to the new Andesita project, enhancing safety, efficiency and productivity in the operations," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

Stockholm, March 1, 2024
Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008

The following files are available for download:

https://mb.cision.com/Main/208/3938342/2638629.pdf

Sandvik wins major mining automation order from Codelco

 

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SOURCE Sandvik

FAQ

What is the value of the order Sandvik received from Codelco?

Sandvik received an order valued at approximately SEK 300 million from Codelco.

What project will Sandvik's automation system be used for at the El Teniente mine in Chile?

Sandvik's automation system will be used for the new Andesita project at the El Teniente mine in Chile.

Who is the President of Sandvik Mining and Rock Solutions?

Mats Eriksson is the President of Sandvik Mining and Rock Solutions.

What new automated loader will Sandvik deliver as part of the contract?

Sandvik will deliver a new automated Toro™ LH621i loader as part of the contract.

What are the benefits of the partnership between Sandvik and Codelco?

The partnership aims to enhance safety, efficiency, and productivity in mining operations.