Sandvik Mining and Construction receives major project orders in materials handling During October and November, Sandvik Mining and Construction has secured a number of orders for bulk materials handling and continuous mining/crushing systems in South America, Africa and Asia. The recently signed orders include: · the turn-key supply of a materials handling system for a coal export terminal · a “repeat order “ for supply of several iron ore handling machines for a iron ore mine · the design and supply of a high-capacity (9100 t/hr) long-distance conveying system for iron ore mine · the design and delivery of a complete coal storage (stacking and reclaiming) and handling/loading system for a port · the engineering and supply of a high capacity iron ore conveying system for a port The total value of these orders is approximately 2,200 MSEK and will be included in the order intake for the fourth quarter 2010. Delivery has commenced with completion scheduled to take place between late 2011 and mid 2013. “We are pleased to note that, following the increase in demand for mobile mining equipment demand earlier this year, we are now also seeing arise in demand for major capital investments in mines and related infrastructures. These orders confirm Sandvik's strong position in iron ore and coal mining, preparation and bulk materials handling. We anticipate a continued high level of demand for these commodities and the orders prove our ability to provide technically superior and energy efficient continuous mining solutions. This success is based on Sandvik's vast experience and its close cooperation with customers in development and delivery of complete mining and bulk handling systems,” says Lars Josefsson, President of Sandvik Mining and Construction business area. Sandviken, 8 December 2010 Sandvik Aktiebolag (publ) Sandvik AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09:00 CET on 8 December 2010. For further information, contact Lars Josefsson, President of business area Sandvik Mining and Construction business area, tel +46 26 26 51 51 or Jan Lissåker, Vice President, Investor Relations, Sandvik AB, tel +46 26 26 10 23
Sandvik Mining and Construction receives major project orders in materials handling
| Source: Sandvik AB