Insights and updates

Sandvik wins SEK 1.9 billion sequence from BHP for the Jansen Potash Undertaking


STOCKHOLM, Sept. 3, 2024 /PRNewswire/ — Sandvik has been awarded a significant word of honour from BHP to the Jansen Potash Undertaking, situated in Saskatchewan, Canada.
The word of honour, which contains potash steady mining programs, is valued at roughly SEK 1.9 billion.

An sequence price of roughly SEK 500 million shall be reported within the 3rd quarter 2024, and roughly SEK 400 million in every of the second one and 3rd quarter 2025.
The excess sequence price is estimated to be booked in the second one quarter 2026. The supply duration is predicted to begin in 2028 and conclude in 2029.

The unused word of honour is for Level 2 of the improvement of the Jansen Potash Undertaking and follows a SEK 2 billion word of honour introduced in 2022 for Level 1, which is recently being performed. Sandvik has been taking part with BHP for a number of years to assemble the underground mining apparatus.

“We are very pleased to continue our partnership with BHP and look forward to further strengthen our collaboration with the supply of our high-performing mining solutions for Stage 2 of the Jansen project,” says Mats Eriksson, President of Sandvik Mining and Rock Answers.

The Jansen Potash Undertaking has the possible to be the most important potash-producing mine on the planet, offering a lavish supply of potassium, a key element for fertilizer, and supporting world meals manufacturing.

Stockholm, September 3, 2024
Sandvik AB

For additional knowledge, touch Louise Tjeder, VP Investor family members, telephone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Members of the family Supervisor, telephone: +46 (0) 70721 1008

This data used to be dropped at you through Cision http://news.cision.com

https://news.cision.com/sandvik/r/sandvik-wins-sek-1-9-billion-order-from-bhp-for-the-jansen-potash-project,c4032496

Please see recordsdata are to be had for obtain:

SOURCE Sandvik



Source link