Sandvik has entered into a SEK 320 million deal with Buenaventura for underground mining equipment, including loaders and drills for three Peruvian mines. Equipment delivery is set for Q3 2025 through Q1 2026 and includes maintenance services, positioning Sandvik for continued revenue through spare parts and services.
Sandvik has announced a significant contract valued at SEK 320 million with Peruvian mining company Buenaventura for the provision of underground mining equipment. This order specifically comprises loaders and drills intended for three underground mines: El Brocal, Yumpag, and Uchucchacua.
The delivery of this specialized equipment is projected to begin in the third quarter of 2025 and continue through the first quarter of 2026. This deal represents a comprehensive agreement that includes not only the machinery itself but also spare parts, components, and ongoing maintenance services intended for the entire operational lifespan of the equipment.
Mats Eriksson, President of Sandvik Mining and Rock Solutions, expressed satisfaction regarding this partnership, stating, “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.”
The strategic nature of this order will also facilitate a long-term revenue stream for Sandvik, particularly through the sales of spare parts and maintenance services, bolstering its relationship with a prominent mining entity in Peru.
In summary, Sandvik has secured a significant contract with Buenaventura for underground mining equipment, valued at SEK 320 million. With deliveries scheduled between 2025 and 2026, the contract not only encompasses the equipment but also supplementary services, enhancing both companies’ collaborative efforts in the mining sector. This agreement emphasizes Sandvik’s commitment to providing high productivity solutions while ensuring customer satisfaction.
Original Source: www.stocktitan.net
