Sandvik wins order in Mongolia for electric rotary drill rigs

Rhea-AI Summary

Sandvik secures a SEK 170 million order from Mongolyn Alt MAK for electric rotary drill rigs for the Tsagaan Suvarga Project in Mongolia. The order includes five DR410iE drills, with deliveries starting in Q2 2024 and ending by Q4 2025. Tsagaan Suvarga is Mongolia's third-largest copper and molybdenum reserve.

STOCKHOLM, April 18, 2024 /PRNewswire/ -- Sandvik has received an order from Mongolyn Alt MAK LLC to supply electric rotary drill rigs for use at the Tsagaan Suvarga Project in Mongolia. The order is valued at approximately SEK 170 million and was booked in the first quarter 2024.

The order includes five cable-electric DR410iE drills, with deliveries scheduled to begin in the second quarter 2024 and concluded by the fourth quarter of 2025. Tsagaan Suvarga ranks as the third-largest copper and molybdenum reserve in Mongolia.

"We are very pleased to be selected to supply our advanced electric rotary drill rigs to Mongolyn Alt MAK LLC and help enhance drilling operations at the Tsagaan Suvarga Project," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

Stockholm, April 18, 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 order in Mongolia for electric rotary drill rigs

 

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SOURCE Sandvik

FAQ

What order did Sandvik win in Mongolia?

Sandvik won an order from Mongolyn Alt MAK for electric rotary drill rigs for the Tsagaan Suvarga Project in Mongolia.

What is the value of the order received by Sandvik?

The order is valued at approximately SEK 170 million.

How many drill rigs are included in the order?

The order includes five cable-electric DR410iE drills.

When will the deliveries of the drill rigs start and end?

Deliveries are scheduled to begin in the second quarter of 2024 and conclude by the fourth quarter of 2025.

What is significant about the Tsagaan Suvarga Project in Mongolia?

Tsagaan Suvarga ranks as the third-largest copper and molybdenum reserve in Mongolia.