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Shandong Buys $10m of Sandvik Mining Equipment

Shangdong Gold has purchased $10 million worth of mining equipment from Sandvik
 Major Chinese gold miner buying $10m of Sandvik equipme..  Shandong Gold buying mining equipment from Sandvik
 
 

Shandong Gold, one of China’s largest gold mining enterprises, has placed an order for $10 million worth of mining equipment comprising of drill rigs, trucks, and loaders. The contract was given to Swedish-based Sandvik Mining and Construction, a multinational mining and construction equipment manufacturer.

Sandvik will deliver 20 mining machines to Shandong Gold’s three mining operations in the Shandong province in eastern China. The mining equipment will be delivered before the end of 2012.

The $10 million contract is the largest single order ever made for mining units in China and makes Sandvik Mining the country’s largest single provider of mining technology and equipment.

"Sandvik was initially selected as we demonstrated a low risk option, an excellent understanding of their operations and the ability to deliver on all the required machines and services,” said Schubert Huang General Manager of Hard Rock Mining and Vice President of Sandvik Mining and Construction Region EAS. “This is a win-win and we look forward to our continuing relationship with Shandong Gold.”

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The Sanshan Island, Jiaojia and Xingcheng gold mines are all underground trackless operations located in a gold mining area on the north coast of the Shandong peninsula near Laizhou City. Shandong Gold’s mining operations generate more than 24 tons of gold annually, helping China to be the world’s largest producer of the rare and valuable metal.

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