Sandvik (SDVKY) has received a major underground mining equipment order from the China-based global mining contractor JCHX Mining Management Co., Ltd., to be used at the Khoemacau Copper Mine in Botswana. The order is valued at approximately SEK 450M and was booked in the third quarter of 2025. The order includes loaders, trucks and drills, as well as access to digital monitoring solutions, including Remote Monitoring Service. Deliveries are expected to begin in the third quarter of 2025 and continue through the second quarter of 2026. Khoemacau Copper Mine is a major underground mine located in Botswana’s Kalahari Copper Belt, with significant expansion underway.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDVKY:
- Sandvik downgraded to Sell from Hold at Nordea
- Sandvik price target raised to SEK 230 from SEK 225 at JPMorgan
- Sandvik price target raised to SEK 264 from SEK 244 at Citi
- Sandvik price target raised to SEK 260 from SEK 240 at RBC Capital
- Sandvik price target raised to SEK 240 from SEK 220 at Deutsche Bank