Sandvik wins major order for underground mining equipment in Portugal [Yahoo! Finance]
SANDVIK AB S/ADR (SDVKY)
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Source: Yahoo! Finance
Cimertex, for delivery to the Portuguese mining company Almina Minas do Alentejo S.A. The order is valued at approximately SEK 340 million , and deliveries are scheduled to begin in the third quarter 2024 and continue through 2025. The order includes Toro™ TH663i trucks, Toro™ LH621i loaders, Sandvik DS411 rock bolters and Sandvik DL421 longhole production drills. A majority of the trucks will be equipped with AutoMine® Fleet, Sandvik's highly advanced automation system for a fleet of underground loaders and trucks sharing the same production area. The order also includes a seven-year full aftermarket service contract for Almina. "This agreement is a testament to the strength of our advanced mining equipment and the well proven capabilities of our mining automation solutions. We are very pleased to deepen our long-term collaboration with Cimertex, and with the continued confidence from Almina. We look forward to support Almina as they work to improve productivity and reduce costs
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