Sandvik has received a SEK 320 million order for underground mining equipment from Compañia de Minas Buenaventura in Peru. The order includes loaders and drills for three mines, with deliveries scheduled from late 2025 to early 2026. Sandvik will also provide maintenance and spare parts to enhance operational efficiency.
Sandvik has secured a significant order for underground mining equipment from Compañia de Minas Buenaventura, a prominent Peruvian mining firm. Valued at approximately SEK 320 million, this order was recorded in the first quarter of 2025. The equipment comprises loaders and drills intended for operation at Buenaventura’s mines: El Brocal, Yumpag, and Uchucchacua.
The delivery of the mining equipment is scheduled to commence in the third quarter of 2025 and will extend into the first quarter of 2026. In addition to the main equipment, Sandvik will also provide spare parts, components, and maintenance services throughout the equipment’s operational life.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed enthusiasm for strengthening the partnership with Buenaventura. He stated, “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, based in Stockholm, is recognized as a global high-tech engineering group that enhances productivity, profitability, and sustainability across various industries, including manufacturing and mining. As of 2024, Sandvik employed approximately 41,000 individuals and achieved revenues of around 123 billion SEK, serving clients in more than 150 nations.
In conclusion, Sandvik’s recent contract with Buenaventura highlights its commitment to enhancing mining operations in Peru. The order, valued at SEK 320 million, includes essential equipment and services for three underground mines. This partnership not only signifies Sandvik’s growing presence in the region but also its dedication to improving productivity and safety in mining operations through advanced solutions.
Original Source: www.tradingview.com
