Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Press release

Sandvik wins record order for battery-electric mining equipment

Sandvik

Sandvik has received a major order from South32 to supply an underground mining equipment fleet for its greenfield Hermosa critical minerals project in Arizona, US. The majority of the order consists of battery-electric vehicles (BEVs) and is Sandvik's largest ever for BEVs. The order is valued at around SEK 750 million and was booked in the second quarter 2025.

The order includes battery-electric trucks, loaders, bolters, development drills and longhole drills, as well as conventional trucks, cable bolters, loaders and longhole drills. Deliveries are expected to begin in the fourth quarter 2026 and continue through 2030, with most of the deliveries expected in 2026 and 2027.      

"We're proud that Sandvik BEVs will help contribute to an increased supply of critical minerals, supporting the continued electrification of society. Lower fuel expenses and maintenance costs coupled with longer equipment lifespan will enable a more efficient, economical and sustainable mining operation at Hermosa," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

Hermosa is currently the only advanced mine development project in the United States that could produce two federally designated critical minerals - manganese and zinc. South32 is developing Hermosa's zinc-lead-silver deposit to be a multi-decade operation with first production expected in 2027.

Stockholm, April 23, 2025

Sandvik AB

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.