Sandvik to supply electric mining vehicles to Rana Gruber

Rana Gruber ASA

15/02/2023 09:09

Feb 15 (Reuters) - Swedish mining gear maker Sandvik
 SAND.ST  has received an order for 19 battery-electric vehicles
from Norwegian iron ore producer Rana Gruber  RANA.OL , the two
companies said on Wednesday.
    The agreement supports Rana's aim to operate the world's
first carbon-free iron ore mine by the end of 2025, and to lower
its operational costs, the Norwegian group's Chief Executive
Officer Gunnar Moe said in a statement.
    The order, worth 370 million Swedish crowns ($35.6 million),
includes trucks, loaders, drills, service support and batteries,
with deliveries scheduled to start in the first quarter of 2023,
and to continue through 2024, according to Sandvik.
    Rana said it had received a grant of 8.7 million Norwegian
crowns from Enova, a Norwegian state enterprise owned by the
Ministry of Climate and Environment, for four of the machines
ordered from Sandvik.
    The company added that its capital expenditure in connection
with the order will also be offset by a trade-in of current
machines.
    Rana Gruber is the only iron ore producer in Norway, and
produces up to 1.8 million metric tons of iron ore concentrates
annually from its five deposits in Norway's Dunderland Valley.  
 
($1 = 10.4091 Swedish crowns)
 (Reporting by Louise Breusch Rasmussen, editing by Terje
Solsvik)
 ((Louisebreusch.rasmussen@tr.com))