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Sandvik secures SEK 270 million mining equipment order from Oyu Tolgoi

Published 02/07/2025, 13:54
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Investing.com -- Sandvik has received a major underground mining equipment order from Oyu Tolgoi LLC for the Oyu Tolgoi copper-gold mine located in Mongolia’s South Gobi Desert.

The order, valued at approximately SEK 270 million, was booked in the second quarter of 2025. It includes loaders and trucks for the mining operation.

Deliveries are scheduled to begin in October 2025 and continue through November 2026, according to the company.

Oyu Tolgoi, which ranks among the world’s largest known copper-gold deposits, is jointly owned by Rio Tinto (NYSE:RIO) and the Government of Mongolia.

Mats Eriksson, President of business area Mining at Sandvik, commented on the deal: "Sandvik loaders and trucks have consistently delivered industry-leading performance for Oyu Tolgoi, and we are very pleased to be able to continue to support safety, productivity and cost efficiency in the mining operations."

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