Sandvik Secures SEK 320 Million Mining Equipment Contract in Peru

Sandvik has received an SEK 320 million order from Buenaventura for underground mining equipment, including loaders and drills for three mines. Deliveries will take place from Q3 2025 to Q1 2026, with additional support for spare parts and maintenance services included.

Sandvik has secured a significant order of SEK 320 million from the Peruvian mining company Buenaventura for the provision of underground mining equipment. This order includes loaders and drills which are intended for three underground mining sites: El Brocal, Yumpag, and Uchucchacua.

The delivery of the equipment is slated to begin in the third quarter of 2025 and will extend through the first quarter of 2026. This comprehensive agreement includes not just the equipment fleet but also spare parts, components, and maintenance services to be provided throughout the operational lifetime of the equipment.

Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed his satisfaction with the order, stating that the company is pleased to enhance its partnership with Buenaventura. He emphasized their commitment to improving productivity and safety in the mining operations through the supply of high-performing mining equipment.

In conclusion, Sandvik’s arrangement with Buenaventura marks a pivotal advancement in underground mining operations in Peru, highlighting the company’s strategic commitment to supply and maintain critical mining equipment. This significant financial transaction points to potential long-term benefits through ancillary services such as maintenance and spare parts supply.

Original Source: www.stocktitan.net