Sandvik Plans to Divest Mining Systems Business

Sandvik announced recently that it has decided to initiate divestment of its Mining Systems business, a separate product area within Sandvik Mining and a supplier of design and engineering for material handling systems for the mining industry. In 2014, the Mining Systems operations, with 1,300 employees, had annual sales of SEK 6.3 billion ($765 million) representing 7% of Sandvik Group invoicing, and an operating loss was reported at a low single digit level.

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ThyssenKrupp, Siemens Collaborate on Cuajone Mine’s New IPCC System

ThyssenKrupp Industrial Solutions has received a contract from Southern Peru Copper Corp. (SCC) to supply a primary crushing and overland conveying system at the Cuajone copper mine. The contract includes engineering, procurement and construction supervision as well as commissioning support of the complete in-pit crushing and conveying (IPCC) system to process run-of-mine copper ore. It is expected to become operational in 2016.

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