Sandvik Secures SEK 170 Million Order for Electric Drill Rigs in Mongolia’s Tsagaan Suvarga Project
(IN BRIEF) Sandvik has clinched a significant order worth around SEK 170 million from Mongolyn Alt MAK LLC to supply five cable-electric DR410iE drill rigs for deployment at the Tsagaan Suvarga Project in Mongolia. Scheduled for delivery between the second quarter of 2024 and the fourth quarter of 2025, these advanced electric rotary drill rigs aim to bolster drilling operations at one of Mongolia’s largest copper and molybdenum reserves. Mats Eriksson, President of Sandvik Mining and Rock Solutions, expresses delight in being chosen to contribute to the project, highlighting the company’s commitment to providing cutting-edge solutions for mining endeavors.
(PRESS RELEASE) STOCKHOLM, 19-Apr-2024 — /EuropaWire/ — Sandvik has received an order from Mongolyn Alt MAK LLC to supply electric rotary drill rigs for use at the Tsagaan Suvarga Project in Mongolia. The order is valued at approximately SEK 170 million and was booked in the first quarter 2024.
The order includes five cable-electric DR410iE drills, with deliveries scheduled to begin in the second quarter 2024 and concluded by the fourth quarter of 2025. Tsagaan Suvarga ranks as the third-largest copper and molybdenum reserve in Mongolia.
“We are very pleased to be selected to supply our advanced electric rotary drill rigs to Mongolyn Alt MAK LLC and help enhance drilling operations at the Tsagaan Suvarga Project,” says Mats Eriksson, President of Sandvik Mining and Rock Solutions.
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
Sandvik Group
Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2023 the Group had approximately 41,000 employees and revenues of about SEK 127 billion in about 170 countries.
SOURCE: Sandvik AB
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