Sandvik Secures Major Underground Mining Equipment Order for Oyu Tolgoi Copper-Gold Mine

Strategic Insights -

Sandvik, a leading manufacturer of mining and construction equipment, has been awarded a significant order for underground mining equipment from Oyu Tolgoi LLC, a joint venture between Rio Tinto and the Government of Mongolia. The order, valued at approximately SEK 270 million, includes loaders and trucks that will be used at the Oyu Tolgoi copper-gold mine in the South Gobi Desert. This order further solidifies Sandvik's long-standing relationship with Oyu Tolgoi, which has consistently praised Sandvik's equipment for its industry-leading performance.

Key Takeaways:

  • Sandvik has received a major underground mining equipment order from Oyu Tolgoi LLC, valued at approximately SEK 270 million.
  • The order includes loaders and trucks, and deliveries are expected to begin in October 2025 and continue through November 2026.
  • Oyu Tolgoi, one of the world's largest known copper-gold deposits, is jointly owned by Rio Tinto and the Government of Mongolia.
  • Sandvik has a long-standing relationship with Oyu Tolgoi, with their equipment consistently delivering industry-leading performance.
  • The order was booked in the second quarter, 2025, and demonstrates Sandvik's commitment to supporting mining operations with safe, productive, and cost-efficient equipment.
  • Mats Eriksson, President of business area Mining at Sandvik, commented that the company is "very pleased to be able to continue to support safety, productivity and cost efficiency in the mining operations."

Statistics:

  • The order is valued at approximately SEK 270 million.
  • Deliveries are expected to begin in October 2025 and continue through November 2026.
  • Oyu Tolgoi is one of the world's largest known copper-gold deposits.

Sources:

  • "Sandvik has won a major order for underground mining equipment from Oyu Tolgoi." - PRNewswire, July 2, 2025
  • "The order includes loaders and trucks, and deliveries are expected to begin in October 2025 and continue through November 2026." - PRNewswire, July 2, 2025
  • "Oyu Tolgoi, one of the world's largest known copper-gold deposits, is jointly owned by Rio Tinto and the Government of Mongolia." - Rio Tinto, no date available
  • Mats Eriksson, President of business area Mining at Sandvik, was quoted as saying "We are very pleased to be able to continue to support safety, productivity and cost efficiency in the mining operations." - Sandvik, July 2, 2025