SDVKY - Sandvik wins major order from LKAB for automated loaders
PR Newswire
STOCKHOLM , Dec. 11, 2023 /PRNewswire/ -- Sandvik has received a major order from the Swedish mining company LKAB to supply automated loaders for use at the Kiruna mine in northern Sweden , the world's largest underground iron ore mine. The order is valued at approximately SEK 250 million and will be booked in the fourth quarter. It follows a recent SEK 120 million order from LKAB for automated loaders, received in the second quarter 2023.
The total of the two orders includes 12 Toro™ LH625iE cable-electric loaders and five Toro™ LH621i loaders, all equipped with Sandvik's AutoMine ® solution. Deliveries are scheduled begin in January 2024 and continue through the end of 2025.
"We are proud of our long-standing partnership with LKAB and very pleased to again provide new automated loaders to the Kiruna mine. The very strong performance of our automated loaders is well-proven in the Kiruna mine, and we look forward to continuing to support LKAB's goals to mine more sustainably and productively," says Mats Eriksson , President of Sandvik Mining and Rock Solutions.
With the new equipment, Kiruna's fleet of Toro™ LH625iE cable-electric loaders grows to 20 units, all of which will now be automated. The Toro™ LH625iE loader has been in operation at Kiruna since 2020 and was developed in a collaboration between Sandvik and LKAB to replace Kiruna's aging fleet of Sandvik LH625E loaders.
Stockholm , December 11, 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.
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Sandvik wins major order from LKAB for automated loaders |
SOURCE Sandvik
Company Name: | Sandvik AB ADR |
Stock Symbol: | SDVKY |
Market: | OTC |
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