Sandvik wins SEK 135 million mining equipment order in Canada

Sandvik has secured a SEK 135 million order for mining equipment from Canadian gold mining company New Gold.

Rhea-AI Summary

Sandvik has secured a SEK 135 million order for mining equipment from Canadian gold mining company New Gold. This order includes four battery-electric vehicles (BEVs), specifically Sandvik LH518B loaders, to be utilized at the New Afton underground gold-copper mine in British Columbia. The mine has previously operated a Sandvik LH518 loader for over two years in a trial, leading to improved cycle times and reduced heat, noise, and greenhouse gas emissions. Mats Eriksson, President of Sandvik Mining and Rock Solutions, noted this expansion highlights the advantages of their equipment in terms of productivity, safety, and sustainability.

Positive

• Secured an order worth SEK 135 million from New Gold.
• Incorporation of four battery-electric vehicles enhances sustainability.
• Successful trial period leading to improved operational metrics.

Negative

• None.

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STOCKHOLM, Jan. 20, 2023 /PRNewswire/ -- Sandvik has received a mining equipment order from the Canadian gold mining company New Gold. The order, valued at SEK 135 million, is partly for battery-electric vehicles (BEVs).

The order includes four battery-electric Sandvik LH518B loaders, to be used at the New Afton underground gold-copper mine in British Columbia. The New Afton mine is an early adopter of BEVs, having trialed a Sandvik LH518 loader during more than two years in operation. The trial has helped New Afton improve cycle times, while reducing heat, noise and greenhouse gas emissions.

"I am very pleased that New Gold has chosen to expand its fleet of Sandvik BEVs at the New Afton Mine, after having proven productivity, safety and sustainability benefits of the equipment during a trial period. This is a testament to the strength of our solutions," says Mats Eriksson, President of Sandvik Mining and Rock Solutions. 

Stockholm, January 20, 2023

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.

The following files are available for download:

https://mb.cision.com/Main/208/3700965/1795159.pdf

Sandvik wins SEK 135 million mining equipment order in Canada

 

View original content:https://www.prnewswire.com/news-releases/sandvik-wins-sek-135-million-mining-equipment-order-in-canada-301726971.html

SOURCE Sandvik

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value of the order Sandvik received from New Gold?

The order is valued at SEK 135 million.

What type of equipment is included in Sandvik's order from New Gold?

The order includes four battery-electric Sandvik LH518B loaders.

Where will the new Sandvik equipment be used?

The equipment will be used at the New Afton underground gold-copper mine in British Columbia.

When was the order from New Gold announced?

The order was announced on January 20, 2023.

What benefits did New Gold experience during the trial of Sandvik's loader?

The trial resulted in improved cycle times and reduced heat, noise, and greenhouse gas emissions.

What is the stock symbol for Sandvik?

The stock symbol for Sandvik is SDVKY.