Market Overview

Sandvik Signs Major Mining Systems Order with Sasol

SANDVIKEN, Sweden--(BUSINESS WIRE)--

Regulatory News:

At the end of December 2012, Sandvik Mining (STO:SAND) signed a Mining Systems contract with Sasol Mining (Pty) Ltd for the Shondoni Mine Materials Handling project in South Africa. The value of the contract is approximately 650 million SEK and will contribute to Sandvik Mining's business during the years 2013 until 2015.

The order entails the supply of materials handling systems, both underground and surface, for a new coal mine. The scope of supply includes engineering design, procurement and construction for the Shondoni Mine Materials Handling system.

“The size and complexity of this system and the fact that Sandvik provides a complete integrated mining system of Sandvik surface and underground mining equipment, again demonstrates our capability to deliver wide-ranging high-tech solutions in the area of continuous mining and materials handling applications”, says Gary Hughes, President of the Sandvik Mining business area.

Stockholm, 2 January 2013

Sandvik Aktiebolag

The information was submitted for publication at 15:00 CET on 2 January 2013.

The Sandvik Group

Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2011, the Group had about 50,000 employees and representation in 130 countries, with annual sales of more than 94,000 million SEK.

Sandvik Mining

Sandvik Mining is a business area within the Sandvik Group and a leading global supplier of equipment and tools, service and technical solutions for the mining industry. The offering covers rock drilling, rock cutting, rock crushing, loading and hauling and materials handling. In 2011 sales amounted to about 32,200 million SEK, with approximately 13,200 employees (pro forma rounded numbers).

This information was brought to you by Cision http://www.cisionwire.com

Manfred Schaffer, Head of Sandvik Mining Systems
tel +43 316 902 62 65 10
or
Sandvik AB
Magnus Larsson, Vice President Investor Relations
tel: +46 8 456 12 40.

 

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