Sandvik receives major mining orders from Chile and Kazakhstan

Sandvik receives major mining orders from Chile and Kazakhstan Sandvik's Mining and Construction business area has received several major orders for advanced equipment to underground mines in Chile and Kazakhstan for mining of copper. The order value amounts to a total of about SEK 150 M. The orders from Chile involves Tamrock drilling rigs and Toro loaders to the companies Codelco and Cemento Melon, with delivery in autumn 2001. The order from Kazakhstan is for Tamrock drilling rigs to the Kazahmys Corporation. The order also includes spare parts and service as well as on-site training and customer support in the mines. Delivery is scheduled for the period September 2001 to March 2002. "These orders secure our leading position in underground mining operations. Since we are able to offer customers a combination of high- efficiency products and service, we are well-positioned for additional market success. Service is becoming increasingly more important and during the summer Sandvik acquired Bafco, a leading service company in Chile," says Anders Ilstam, President of Sandvik Mining and Construction. Sandviken, 29 August 2001 Sandvik AB; (publ) For additional information, contact Anders Ilstam, Sandvik Mining and Construction, +46 26 26 51 01. Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys and resistance heating materials and process systems. The Group has 35,000 employees in 130 countries, with annual sales of approximately SEK 44 billion. Sandvik Mining and Construction is a business area within the Sandvik Group and a world-leading supplier of drilling and excavation machinery, tools and service for the mining and construction industries. Annual sales amount to about SEK 10 billion, with nearly 7,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/29/20010829BIT00280/bit0003.doc http://www.waymaker.net/bitonline/2001/08/29/20010829BIT00280/bit0003.pdf