Sandvik wins record order for battery-electric mining equipment [Yahoo! Finance]
SANDVIK AB S/ADR (SDVKY)
NASDAQ:AMEX Investor Relations:
home.sandvik/en/investors/share-price-monitor/adr-program
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Source: Yahoo! Finance
The majority of the order consists of battery-electric vehicles (BEVs) and is Sandvik's largest ever for BEVs. The order is valued at around SEK 750 million and was booked in the second quarter 2025. The order includes battery-electric trucks, loaders, bolters, development drills and longhole drills, as well as conventional trucks, cable bolters, loaders and longhole drills. Deliveries are expected to begin in the fourth quarter 2026 and continue through 2030, with most of the deliveries expected in 2026 and 2027. "We're proud that Sandvik BEVs will help contribute to an increased supply of critical minerals, supporting the continued electrification of society. Lower fuel expenses and maintenance costs coupled with longer equipment lifespan will enable a more efficient, economical and sustainable mining operation at Hermosa," says Mats Eriksson , President of Sandvik Mining and Rock Solutions. Hermosa is currently the only advanced mine development project in the United States t
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News
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- Sandvik Capital Markets Day: Advancing to 2030 [Yahoo! Finance]Yahoo! Finance
- Sandvik Capital Markets Day: Advancing to 2030PR Newswire