Sandvik has been awarded an order worth SEK 320 million for underground mining equipment from Buenaventura in Peru, which includes loaders and drills for three mines. Deliveries will begin in Q3 2025, along with spare parts and maintenance services. Mats Eriksson, President of Sandvik, expressed optimism about enhancing productivity and safety.
Sandvik has secured a significant order for underground mining equipment from Compañia de Minas Buenaventura in Peru, valued at approximately SEK 320 million. This order, which was recorded in the first quarter of 2025, includes loaders and drills set to augment operations at three of Buenaventura’s mines: El Brocal, Yumpag, and Uchucchacua.
The delivery of the equipment is slated to commence in the third quarter of 2025, extending into the first quarter of 2026. Alongside the equipment, Sandvik will provide essential spare parts, components, and maintenance services throughout the equipment’s operational lifespan.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, emphasized, “We are very pleased to expand our partnership with Buenaventura by supplying a fleet of our highly productive mining equipment. We look forward to contributing to increased productivity and safety in their operations.”
Sandvik, a high-tech engineering leader, is dedicated to enhancing efficiency and sustainability across mining, manufacturing, and infrastructure sectors. With a workforce of around 41,000 employees distributed in over 150 countries, the Group reported revenues of about 123 billion SEK in 2024, making it a prominent player in digitalization and process optimization.
Sandvik’s recent order with Buenaventura signifies a strategic expansion in their partnership, highlighting the company’s capability to deliver advanced and efficient mining solutions. With a focus on productivity, safety, and ongoing support through maintenance services, Sandvik further solidifies its position in the global mining equipment market.
Original Source: www.tradingview.com
