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Engineering group Sandvik receives major order from Torex Gold, including battery-electric vehicles

Kitco Media
By Vladimir Basov
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(Kitco News) - Global engineering group Sandvik announced on Tuesday that it has received a major order from the Canadian mining company Torex Gold Resources to supply a 35-unit mining equipment fleet for its Media Luna project in Mexico.

In a press release, the company said that the order, which includes 15 battery-electric vehicles (BEVs), and 20 conventional internal combustion engine (ICE) equipment units, is valued at approximately SEK 650 million (~$63 million) and will be booked in the first quarter 2023.

"The order is Sandvik's first for BEVs in Latin America and its third-largest battery-electric mining fleet order to date," it added.

Equipment deliveries are planned to begin in the third quarter 2023 and continue into the fourth quarter 2025.  The BEVs include loaders and twin-boom jumbos, and the conventional equipment ordered comprises loaders, trucks, bolters, production drills and a raiseborer.

"I am very pleased that we have been chosen by Torex Gold to deliver our leading solutions to Media Luna. We continue to see a high interest in our battery-electric offering, and this order also shows how we can help customers on the transition to more sustainable mining with our strong total offering of high performing equipment and services," said Stefan Widing, CEO and President of Sandvik.

According to a press release, Torex expects to bring Media Luna into commercial production in early 2025, ramping up to 7,500 metric tons per day by 2027 and creating one of Mexico's largest underground mines.

Torex is implementing battery-electric production equipment at Media Luna as part of a wider decarbonization strategy.

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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