Sandvik has secured an order valued at Skr270m ($28.3m) from Oyu Tolgoi LLC for underground mining equipment.
The equipment, including loaders and trucks, will be used at the Oyu Tolgoi copper-gold mine in the South Gobi Desert, Mongolia.
Go deeper with GlobalData
The order was recorded in the second quarter of 2025, with deliveries scheduled to commence in October and continue until November 2026.
Sandvik Mining business area president Mats Eriksson stated: “Sandvik loaders and trucks have consistently delivered industry-leading performance for Oyu Tolgoi, and we are very pleased to be able to continue to support safety, productivity and cost efficiency in the mining operations.”
Oyu Tolgoi LLC, a joint venture between Rio Tinto and the government of Mongolia, operates the Oyu Tolgoi mine, which is considered one of the world’s largest known copper-gold deposits.
The partnership structure of Oyu Tolgoi comprises the government of Mongolia with a 34% stake and Rio Tinto with 66%. Rio Tinto also manages the operations.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe Oyu Tolgoi mine has been producing copper concentrate since 2013, when its copper concentrator, Mongolia’s largest industrial complex, began operations.
The initiation of underground production in March 2023 has elevated Oyu Tolgoi to a leading position among global copper producers, with an expected peak production of 500,000 tonnes per annum (tpa).
In addition to the mining equipment order, Sandvik Mining has also recently obtained IEC 62443-4-1 certification at Maturity Level 2.
This certification underscores Sandvik’s commitment to embedding cybersecurity measures into its product design and development processes.
The IEC 62443-4-1 standard is an internationally recognised benchmark that ensures secure product development practices within the industrial automation and control systems sector.
