Displaying items by tag: Sandvik Mining

Sweden: Sandvik has appointed Henrik Ager as president of its Sandvik Mining and Rock Technology division and a member of the Sandvik Group executive management with effect from 1 April 2019. He succeeds Lars Engström, who will leave Sandvik.

Ager holds over 16 years of experience in the minding industry with positions held in South Africa, Australia, South America and India. He is currently the president for the Rock Tools division in Sandvik. Prior to this, he was the president for the Global Equipment division and Vice President for Strategy within Sandvik Mining and Rock Technology. He also worked for McKinsey and Ericsson.

Sweden: Lars Engström, the president of Sandvik Mining and Rock Technology, has announced his plans to leave Sandvik during 2019 after the appointment of a successor. Engström has been a member of Sandvik Group’s Executive Management and led the Business Area Sandvik Mining and Rock Technology since 2016.

Denmark: FLSmidth has completed its acquisition of Sandvik Mining Systems following the transfer of assets in South Africa. The process was mostly completed in November 2017 with the exception of assets in South Africa, which was delayed due to merger control clearance. The acquisition includes continuous surface mining and minerals handling technologies and competences that strengthen the company's core minerals business.

"With the completion of the South African assets we have added references, local expertise and improved ability to deliver complete solutions to our Sub-Saharan customers. We welcome our new colleagues and customers to FLSmidth," said Manfred Schaffer, Group Executive Vice President, Minerals Division of FLSmidth.

As part of the transfer, FLSmidth will either assume existing orders or provide project management services on behalf of Sandvik on selected on-going projects and supply parts and services for the installed equipment.

Sweden: Denmark’s FLSmidth has completed its acquisition of Sandvik Mining Systems’ projects business except for the transfer of assets in South Africa, which is awaiting merger control clearance. The acquisition includes continuous surface mining and minerals handling technologies and competences that strengthen the group's core minerals business. The purchase is intended to increases FLSmidth’s coverage of the full mining value chain.

"With this acquisition we will be able to increase the productivity of the complete ‘Pit to Plant’ operation by better integrating upstream mining with downstream processing. The acquisition also allows us to digitalise the full value chain and enables a better utilisation of existing leading technologies by obtaining direct access to all key processes and equipment," said Manfred Schaffer, Group Executive Vice President, Minerals Division of FLSmidth.

The acquisition includes the part of Sandvik Mining Systems that is closest to the mine, which excludes Sandvik's conveyor component and its Finland based businesses. It includes all products for continuous surface mining, inpit crushing and minerals handling technologies and related intellectual property, including reference lists, drawings and data for installed base. The deal includes the transfer of over 200 employees from Sandvik. FLSmidth will also provide project management services to Sandvik on the majority of ongoing projects to be delivered during 2017 - 2019 period and parts and services for the installed equipment.

The closing of the acquisition in South Africa is expected to occur in early 2018.

Sweden: FLSmidth has signed an agreement to acquire a part of Sandvik Mining Systems. This includes continuous surface mining and minerals handling technologies and competences that are intended to strengthen the group's core minerals business. The acquisition will increase FLSmidth’s coverage of the full mining value chain, from the primary crushing point in the mining pit and the transport from mine to plant all the way through the minerals processing plant to the handling of tailings.

FLSmidth will provide project management and aftermarket services to Sandvik on the majority of on-going projects to be delivered during 2017 - 2019. The agreement is subject to certain conditions, including regulatory authority clearance, and closing is expected by the end of 2017.

Sweden: Sandvik’s Rock and Mining division’s revenue has fallen by 3% year-on-year to Euro3.30bn in 2016 from Euro3.52bn in 2015. Its order intake also fell slightly to Euro3.38bn although it says it rose slightly if currency variations throughout the year are taken into account. Notably, its order intake rose sharply by 19% year-on-year to Euro970m in the fourth quarter of 2016. Its operating profit for 2016 rose by 33% to Euro430m. Overall the engineering company has reported slight declines in revenue and order intake across all of its businesses although this has picked up in the fourth quarter of 2016.

Germany/Sweden: Sandvik Mining and Schenck Process have signed a global partnership agreement. The partnership provides increased crushing circuit productivity for Schenck Process double and single deck high capacity banana screens and Sandvik high productivity cone crushers. It also enables a single service provider approach to support customers throughout the entire plant life cycle.

“This partnership agreement allows our customers to raise their overall crushing and screening plant productivity by focusing on process efficiency in its entirety, as opposed to individual pieces of equipment,” said Mary Verschuer, President Minerals & Metals, Schenck Process Group. She added that mid-tier miners looking for a single solution across the crushing circuit will benefit from the deal.

Schenck Process Business Unit Minerals & Metals is supplier of solutions for screening applications in mining. Sandvik is a supplier of crushers and crushing technologies. The agreement covers both new crushing and screening plants and replacements.