Sandvik wins major mining equipment order in Mongolia

Rhea-AI Summary

Sandvik (OTC:SDVKY) has secured a significant mining equipment order valued at SEK 270 million from Oyu Tolgoi LLC for their copper-gold mine in Mongolia's South Gobi Desert. The order was booked in Q2 2025 and includes loaders and trucks.

Deliveries are scheduled to begin in October 2025 and continue through November 2026. The equipment will be deployed at Oyu Tolgoi, one of the world's largest copper-gold deposits, which is jointly owned by Rio Tinto and the Government of Mongolia.

Positive

• Secured major equipment order worth SEK 270 million
• Order from strategic customer operating one of world's largest copper-gold deposits
• Extended delivery timeline through November 2026 provides revenue visibility

Negative

• None.

News Market Reaction

+2.80%

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+2.80% News Effect

On the day this news was published, SDVKY gained 2.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, July 2, 2025 /PRNewswire/ -- Sandvik has received a major underground mining equipment order from Oyu Tolgoi LLC, to be used at the Oyu Tolgoi copper-gold mine in Mongolia's South Gobi Desert. The order is valued at approximately SEK 270 million and was booked in the second quarter, 2025.

The order includes loaders and trucks, and deliveries are expected to begin in October 2025 and continue through November 2026. Oyu Tolgoi, one of the world's largest known copper-gold deposits, is jointly owned by Rio Tinto and the Government of Mongolia.

"Sandvik loaders and trucks have consistently delivered industry-leading performance for Oyu Tolgoi, and we are very pleased to be able to continue to support safety, productivity and cost efficiency in the mining operations," says Mats Eriksson, President of business area Mining.

Stockholm, July 2, 2025
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

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/sandvik/r/sandvik-wins-major-mining-equipment-order-in-mongolia,c4183149

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Sandvik wins major mining equipment order in Mongolia

 

FAQ

What is the value of Sandvik's new mining equipment order from Mongolia?

The order from Oyu Tolgoi LLC is valued at SEK 270 million and was booked in the second quarter of 2025.

When will Sandvik deliver the mining equipment to Oyu Tolgoi?

Deliveries are scheduled to begin in October 2025 and continue through November 2026.

What type of equipment did Oyu Tolgoi order from Sandvik?

The order includes loaders and trucks for underground mining operations at the Oyu Tolgoi copper-gold mine.

Who owns the Oyu Tolgoi mine where Sandvik's equipment will be deployed?

Oyu Tolgoi mine is jointly owned by Rio Tinto and the Government of Mongolia. It is one of the world's largest known copper-gold deposits.

How will this order impact Sandvik's business?

The order strengthens Sandvik's position in the mining equipment market and provides revenue visibility through November 2026 with a SEK 270 million contribution.