Sandvik wins major order from Evolution Mining

Rhea-AI Summary

Sandvik has secured a significant order for underground mining equipment from Evolution Mining, an Australian-based company. The order, valued at SEK 300 million, was booked in the second quarter of 2024. Deliveries are set to begin in the third quarter of 2024 and will continue over the next 12 months. The equipment includes advanced loaders, trucks, and development drills to be used in various Australian mines. Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction in strengthening their partnership with Evolution Mining.

Positive

• Secured a major order valued at SEK 300 million.
• Strengthened partnership with Evolution Mining.
• Deliveries to begin in Q3 2024 and continue over 12 months.

Negative

• None.

STOCKHOLM, July 5, 2024 /PRNewswire/ -- Sandvik has received a major underground mining equipment order from Australian-based Evolution Mining. The order was booked in the second quarter and valued at approximately SEK 300 million. Deliveries are scheduled to begin in the third quarter 2024 and continue over the next 12 months.

The order includes Sandvik's advanced underground loaders, trucks and development drills, to be implemented in different mines in Australia.  

"We are very pleased that we continue to be a trusted partner to Evolution Mining and that we strengthen our partnership further as they renew big part of their fleet," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

Stockholm, July 5, 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 from Evolution Mining

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SOURCE Sandvik

FAQ

What major order did Sandvik win from Evolution Mining?

Sandvik won a significant order for underground mining equipment from Evolution Mining, valued at SEK 300 million.

When was the Sandvik and Evolution Mining order booked?

The order was booked in the second quarter of 2024.

What equipment is included in Sandvik's order from Evolution Mining?

The order includes Sandvik's advanced underground loaders, trucks, and development drills.

When will Sandvik start delivering equipment to Evolution Mining?

Deliveries will start in the third quarter of 2024.

How long will the deliveries from Sandvik to Evolution Mining take?

The deliveries will continue over the next 12 months.