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Major order from Australian mining industry

Sandvik's Mining and Construction business area, through its companies Voest Alpine Materials Handling in Austria and Roxon in Finland, has received a major order for materials handling equipment from a mining company in Australia.

The total order value is approximately SEK 300 M.

The customer is North Limited, Australia, which is part of the RTZ mining company. The order comprises equipment for materials handling at an iron mine in northwestern Australia to increase capacity at the company's shipping terminal.

"This is the largest single order to date within Sandvik Mining and Construction, and we view the business trend in Australia, which is our most important market, as very positive," says Anders Ilstam, President of Sandvik Mining and Construction. "In a short period, we have landed orders in Australia amounting to about SEK 500 M as a result of our competitive product program, which illustrates the favorable trend for us."

Sandviken, 17 August 2000

Sandvik AB; (publ)