Sandvik Gets SEK2 Billion Order From BHP for Canadian Project
February 16 2022 - 2:54AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish engineering group Sandvik AB said Wednesday
its mining-and-rock products unit has been awarded a two billion
Swedish kronor ($213.3 million) contract from BHP Group Ltd. for
underground-mining equipment and automation products at the Jansen
Potash project in Saskatchewan, Canada.
Delivery of the equipment is expected to start in the third
quarter of 2023 and will extend to 2026, the company said.
An order value of around SEK500 million will be reported in each
of the first, second and fourth quarters of 2022, as well as in the
second quarter of 2023, the company said.
The Jansen project is a potash-producing mine and is expected to
operate for up to 100 years. Production is expected to start in
2027.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 16, 2022 03:39 ET (08:39 GMT)
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