Sandvik secures a SEK 2 bn major order in mining
Sandvik Mining and Rock Solutions has been awarded a contract from BHP to the Jansen Potash project, located in the province of Saskatchewan, Canada. The contract follows several years of close collaboration with the customer BHP to develop the underground mining equipment and automation solution.
The total contract value is approximately SEK 2 billion and the delivery period of the equipment is expected to commence in the third quarter 2023 and extends to 2026. An order value of approximately SEK 500 million will be reported in each of the first, second and fourth quarter in 2022, as well as in the second quarter of 2023.
The Jansen project has the potential to be the largest potash-producing mine in the world and is expected to operate for up to 100 years, providing a rich source of potassium for soil fertilization purposes and hence supporting food production. Start of the production is targeted for calendar year 2027.
Stockholm, February 16, 2022
Sandvik AB
For further information, contact:
Louise Tjeder
VP Investor relations
Tel: +46 (0) 70782 6374
or
Johannes Hellström
Press and Media Relations Manager
Tel: +46 (0) 70721 1008
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Sandvik Group
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2021, the Group had approximately 44,000 employees and revenues of about 99 billion SEK in about 150 countries.
Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions is a business area within the Sandvik Group and a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for the mining and construction industries. Application areas include rock drilling, rock cutting, loading and hauling, tunneling and quarrying. In 2021, sales were approximately 41.4 billion SEK with about 15,500 employees.