By Dominic Chopping

STOCKHOLM--Swedish engineering group Sandvik AB said Wednesday its mining-and-rock products unit has been awarded a two billion Swedish kronor ($213.3 million) contract from BHP Group Ltd. for underground-mining equipment and automation products at the Jansen Potash project in Saskatchewan, Canada.

Delivery of the equipment is expected to start in the third quarter of 2023 and will extend to 2026, the company said.

An order value of around SEK500 million will be reported in each of the first, second and fourth quarters of 2022, as well as in the second quarter of 2023, the company said.

The Jansen project is a potash-producing mine and is expected to operate for up to 100 years. Production is expected to start in 2027.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

February 16, 2022 03:39 ET (08:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Sandvik AB (PK) (USOTC:SDVKY)
Historical Stock Chart
Von Mär 2025 bis Apr 2025 Click Here for more Sandvik AB (PK) Charts.
Sandvik AB (PK) (USOTC:SDVKY)
Historical Stock Chart
Von Apr 2024 bis Apr 2025 Click Here for more Sandvik AB (PK) Charts.