Sandvik Signs SEK500 Million Mining Equipment Deal In China
March 13 2012 - 4:54AM
Dow Jones News
Swedish engineering company Sandvik AB (SAND.SK) Tuesday said it
has signed a mining equipment deal worth in excess of SEK500
million ($73.6 million) with Chinese company Shenhua Shendong.
MAIN FACTS:
-The contract includes 21 bolter miners and delivery of the
equipment is scheduled during 2012 and 2013.
-"Sandvik already has 26 units of bolter miners in operation in
Shenhua Shendong's sites, and another three units are currently in
the process of being delivered. By 2013, the Sandvik bolter miner
fleet in Shendong will comprise a total of 50 units," Gary Hughes,
President Sandvik Mining said in a statement.
-At 0913 GMT shares traded 0.3% higher at SEK97.15.
-By Katarina Gustafsson, Dow Jones Newswires +46-8-5451-3097;
katarina.gustafsson@dowjones.com
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