Sandvik Mining and Construction Mining News

Sandvik starts the year with better-than-expected profit

Miners have begun spending in equipment again, the Swedish firm's results show.

Sandvik signs agreement to divest its Mining Systems operations

Sandvik has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital.

Global mining equipment market to reach $156 billion by 2022 — report

Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.

Sandvik reinvents top hammer drill bit design

Solving a problem a customer experienced when drilling in abrasive rock conditions has led to a groundbreaking new design for drill bits.

Metso places mining division in back burner as sales remain poor

Metso and its peers in a Nordic cluster of mining gear suppliers, including Atlas Corp., Sandvik and FLSmidth have been squeezed by spending cuts among miners in the last three years.

Sandvik unveils new mid-range mining crushers

Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.

Sandvik relocates global equipment unit to India and China

The firm is closing several facilities in the U.S. and Europe, as part of a two-year business reorganization set to conclude in the next fiscal.

Experts see global mining equipment market improving

Study shows the market is expected to grow more than 8% a year through 2017.

Suppliers Metso, Sandvik still hurting from slowdown

Metso's Q3 mining and construction orders fell 19%. Sandvik's net profit fell 22%.

Weak mining demand impacts Sandvik profit

The Mining division, Sandvick’s biggest business unit, was hardest hit area with a 30% decline in orders.

More job cuts at Sandvik

Sandvik AB is announcing more job cuts due to restructuring.

Sandvik and Flanders – a “best in class” partnership

Sandvik Mining and Construction and Flandershave entered a formal partnership to automate surface mining drill rigs and provide autonomous operation.

Sandvik axes 365 jobs in Sweden but adds to order book

Swedish engineering firm Sandvik AB (STO:SAND) announced today that 365 employees will lose their jobs as a result of company restructuring. The firm said the cuts resulted from a policy implemented in September at its Materials Technology division whose main objective is to "sustainably reduce the overall cost structure by approximately 500 MSEK over a two to three year period, through such measures as reducing costs for staff and administration..." The layoffs will affect 500 Sandvik employees worldwide including 365 in Sandviken and Hallstahammar, Sweden.

Sandvik introduces two new mining cone crushers

With new specialised geometries, a 1,000 hp rating, greater structural strength and proven technologies, the newly launched CH890 and CH895 are designed to increase performance in both secondary and tertiary/pebble crushing applications, according to Sandvik.

Sandvik Q1 shares fall below forercast margin

Tool and machinery maker Sandvik's (SAND.ST: Quote) first-quarter operating margin was blown south of analysts' forecasts by currency headwinds, sending its shares down more than 3 percent. The maker of metalworking tools, mining equipment and specialty steels was among the hardest hit in Sweden's engineering sector during the financial crisis, but has since been buoyed by a rapid recovery in demand.

Sandvik and Shandong Energy JV for underground coal equipment

Sandvik Mining and Construction and Shandong Energy Machinery in Xintai, Shandong Province, China, have signed an agreement to form a 50/50 owned joint venture for the production and sales of coal mining equipment. The joint venture is expected to be established within six months, following customary regulatory approvals.

Sandvik Unveils New Track-Mounted Impactor – the QI440 in Action

The QI440 is the latest crushing development from Sandvik that combines expertise in the design of track-mounted mobile crushers, with Sandvik’s proven ability to manufacture durable and highly productive impact crushers.

New President of Sandvik Materials Technology

A change in top management at Sandvik Materials Technology will see Jonas Gustavsson replace Peter Gossas as President. Under his current contract with Sandvik, Gossas, President of Sandvik Materials Technology, will retire at the age of […]

​Sandvik Mining and Construction receives major project orders in materials handling

​During October and November, Sandvik Mining and Construction secured a number of orders for bulk materials handling and continuous mining/crushing systems in South America, Africa and Asia.

Sandvik and Carpenter Technology to establish cooperation in the field of powder technology

Sandvik Materials Technology has decided to establish a strategic partnership with Carpenter Technology Corporation to further strengthen its position in the field of powder technology and advanced materials. Read the full press release

Sandvik to deliver AutoMine-Lite and LHDs to Boliden’s Garpenberg mine

Sandvik Mining and Construction has signed a contract to deliver three AutoMine-LiteTM automation systems and two LH517 loaders to Boliden Mineral’s Garpenberg mine. Read more

New Sandvik underground loader

Sandvik Mining and Construction has released the LS151, a 6t payload capacity underground coal mining loader. It is the first in a new generation of low-emission Sandvik LS series underground coal loaders, designed and manufactured […]

Sandvik WT6000 primary hopper lining at Hanson’s J. Riera S.A. Quarry in Spain

In June 2009, Sandvik Española – through Sandvik’s dealer for conveyor components, screening media and wear protection products in Catalonia, Comercial Dyser – was contracted to line the Hanson group’s primary hopper with wear protection […]

Sandvik and Gemcom Announce Collaboration Agreement on Technology for Underground Mining

VANCOUVER, Canada – June 14, 2010 – Gemcom Software International Inc., the largest global supplier of specialised mining productivity solutions, today announced that they have signed a Collaboration Agreement with Sandvik Mining and Construction to […]

Sandvik cone crushers utilized for uranium mine in Namibia

Six of Sandvik’s largest CH880 cone crushers are to be installed at the greenfield Trekkopje uranium mine project in Namibia. The order follows the delivery of six similar crushers to the Tati nickel mine in […]