Sweden's Sandvik Secures $70 Million Order to Supply Equipment for Botswana Copper Mine
2026-06-08 15:07
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en.Wedoany.com Reported - In the second quarter of 2026, Swedish mining equipment manufacturer Sandvik secured an order worth approximately $70 million to supply 45 units of underground mining equipment to JCHX Mining Management Co., Ltd. (stock code: 603979.SH), a Chinese mining engineering service provider, for use in the Khoemacau copper mine in Botswana, operated by MMG Ltd. Equipment delivery is scheduled to begin in August 2026 and continue through April 2030. Since 2025, Sandvik has received cumulative equipment orders exceeding $100 million from JCHX.

Founded in 1997 and listed on the Shanghai Stock Exchange in 2015, JCHX Mining Management Co., Ltd. is an international mining company integrating mine engineering construction, mining operation management, resource development, and mining equipment manufacturing. The company owns over 3,000 units of various mining equipment and markets the "Jinantuo" brand series of intelligent mining equipment. In May 2025, JCHX's wholly-owned subsidiary, JCHX Botswana Mining Construction Proprietary Limited, signed a five-year underground mining service contract with Khoemacau Copper Mining Proprietary Limited, valued at approximately $805 million (excluding VAT), with a project period from July 1, 2025, to June 30, 2030, marking JCHX's first entry into the Botswana mining service market. JCHX Chairman Wang Xiancheng stated that the long-term cooperation between the two parties is built on trust, and Sandvik has repeatedly fulfilled its commitments.

The Khoemacau copper mine is located in the Kalahari Copper Belt in northwestern Botswana, one of the most promising copper mining regions in southern Africa. The mine commenced production in June 2021, reached full capacity in the fourth quarter of 2022, and was acquired in November 2023 by Hong Kong-listed MMG Ltd. (stock code: 01208.HK). The mine's parent company, MMG Ltd., is a global mining company headquartered in Melbourne, Australia, with China Minmetals Corporation as a significant shareholder. Its business encompasses the exploration, development, and extraction of copper, zinc, cobalt, gold, silver, and other minerals.

The Khoemacau copper mine currently has an annual production capacity of 43,000 to 53,000 tonnes of copper concentrate, with associated silver production of approximately 1.6 million ounces. In December 2025, MMG announced approval of an investment of approximately $900 million to launch a mine expansion project, extending the mining scope to the northern Zone 5, Mango, and northeastern Zeta deposits, and constructing a new concentrator with an annual processing capacity of 4.5 million tonnes, increasing the mine's total processing capacity to over 8 million tonnes per year. After expansion, the mine's annual copper concentrate production capacity will increase to 130,000 tonnes (copper content), with associated silver production exceeding 4 million ounces per year, expected to commence production in the first half of 2028. The mine has an estimated service life of over 20 years and currently employs approximately 1,800 workers, 95% of whom are Botswana nationals.

The equipment fleet provided by Sandvik this time includes Toro brand trucks and loaders, drill jumbos, production drills, raise drills, and auxiliary vehicles. The loaders and long-hole drills will be equipped with Sandvik's AutoMine automation platform, along with productivity and remote monitoring services. Mats Eriksson, President of Sandvik's business area, expressed support for JCHX in achieving safe and efficient production operations at the Khoemacau copper mine and looked forward to providing high-performance equipment and advanced underground solutions.

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