Sandvik wins major order for underground mining equipment in Portugal

Rhea-AI Summary

Sandvik has secured a significant order for underground mining equipment from Cimertex, a distributor in Portugal. The equipment, valued at approximately SEK 340 million, will be supplied to Almina Minas do Alentejo S.A.

Deliveries are set to commence in Q3 2024 and continue through 2025. The order includes Toro™ TH663i trucks, Toro™ LH621i loaders, Sandvik DS411 rock bolters, and Sandvik DL421 longhole production drills. A significant portion of the trucks will feature the AutoMine® Fleet automation system.

Additionally, the order incorporates a seven-year full aftermarket service contract. This agreement will enable Almina to double its current production capacity in the Iberian pyrite belt, positioning it as one of the largest Sandvik fleets in Europe.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction in strengthening their relationship with Cimertex and supporting Almina in enhancing productivity and reducing costs.

Positive

• Sandvik secures an order worth SEK 340 million for underground mining equipment.
• Deliveries scheduled to start in Q3 2024 and continue through 2025.
• Includes a seven-year full aftermarket service contract.
• Order will help Almina double its production capacity.
• Almina will operate one of the largest Sandvik fleets in Europe.

Negative

• None.

STOCKHOLM, July 1, 2024 /PRNewswire/ -- Sandvik has received a major underground mining equipment order from the Portugal-based distributor Cimertex, for delivery to the Portuguese mining company Almina Minas do Alentejo S.A. The order is valued at approximately SEK 340 million, and deliveries are scheduled to begin in the third quarter 2024 and continue through 2025. 

The order includes Toro™ TH663i trucks, Toro™ LH621i loaders, Sandvik DS411 rock bolters and Sandvik DL421 longhole production drills. A majority of the trucks will be equipped with AutoMine® Fleet, Sandvik's highly advanced automation system for a fleet of underground loaders and trucks sharing the same production area. The order also includes a seven-year full aftermarket service contract for Almina. 

"This agreement is a testament to the strength of our advanced mining equipment and the well proven capabilities of our mining automation solutions. We are very pleased to deepen our long-term collaboration with Cimertex, and with the continued confidence from Almina. We look forward to support Almina as they work to improve productivity and reduce costs in their mining operations," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

The order will help Almina double its current production capacity in Portugal's Iberian pyrite belt. Following delivery of the new equipment, Almina will operate one of the largest Sandvik fleets in Europe.  

Stockholm, July 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

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​​Sandvik wins major order for underground mining equipment in Portugal​

 

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SOURCE Sandvik

FAQ

What is the value of Sandvik's recent order for underground mining equipment?

The order is valued at approximately SEK 340 million.

When will Sandvik begin delivering the underground mining equipment to Almina?

Deliveries are scheduled to begin in the third quarter of 2024 and continue through 2025.

What types of equipment are included in Sandvik's recent order from Cimertex?

The order includes Toro™ TH663i trucks, Toro™ LH621i loaders, Sandvik DS411 rock bolters, and Sandvik DL421 longhole production drills.

What advanced technology will be included in Sandvik's equipment for Almina?

A significant portion of the trucks will feature the AutoMine® Fleet, an advanced automation system.

What is the duration of the aftermarket service contract included in Sandvik's order?

The order includes a seven-year full aftermarket service contract.

How will the new equipment from Sandvik impact Almina's production capacity?

The new equipment will help Almina double its current production capacity in the Iberian pyrite belt.

What is the significance of Almina's operation post-delivery of Sandvik's equipment?

Following the delivery, Almina will operate one of the largest Sandvik fleets in Europe.