Sweden's Sandvik gets $63 million order from Canadian Torex Gold (updated)

Torex Resources

28/03/2023 13:22

(Adds detail)
       COPENHAGEN, March 28 (Reuters) - Swedish mining gear
maker Sandvik  SAND.ST  on Tuesday said it received an order
worth 650 million Swedish crowns ($62.76 million) from Canadian
mining company Torex Gold Resources  TXG.TO .
    The order includes 15 battery-electric vehicles and 20
conventional internal combustion engine equipment units.
    The order is Sandvik's first for battery-electric vehicles
in Latin America and its third-largest battery-electric mining
fleet order to date, the company said.
        Equipment deliveries are planned to begin in the third
quarter this year, and continue into the fourth quarter of 2025,
Sandvik said.
  
    Torex will use the fleet for its Media Luna underground
deposit in Mexico, which it expects to bring into commercial
production in early 2025, the company added.
    The battery-electric vehicles include loaders and twin-boom
jumbos, and the conventional equipment ordered comprises
loaders, trucks, bolters, production drills and a raiseborer.

    

($1 = 10.3566 Swedish crowns)

 (Reporting by Louise Breusch Rasmussen, editing by Essi Lehto)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))