en.Wedoany.com Reported - Ferreyros (a subsidiary of the Ferreycorp Group), a Peruvian capital goods supplier, recently signed a large-scale mining equipment procurement contract with Minera Las Bambas S.A., a subsidiary of MMG. The contract involves up to 45 units of equipment, including 27 Caterpillar Inc. Cat 798 ultra-class electric mining trucks, each with a payload capacity of 400 tons. Under the contract, Ferreyros will deliver over 20 units of equipment in 2026, including 12 mining trucks, one Cat 7495 electric shovel, one MD6380 drill rig, and other auxiliary equipment.
Ferreyros is the largest capital goods and services supplier in Peru and has long been the exclusive distributor of Caterpillar's mining, construction, and heavy truck equipment in the country. Its parent company, Ferreycorp, has a partnership history with Caterpillar spanning over 80 years (starting in 1942). In addition to Peru, Ferreycorp also holds the official dealership rights for Caterpillar in Guatemala, El Salvador, and Belize, extending its business footprint from high-growth markets in Central America. The Cat 798 electric mining truck is Caterpillar's largest payload haul truck, effectively reducing the cost per ton of material transported through advantages such as high speed, large capacity, and long engine life. The Las Bambas mine currently operates a fleet of Cat 797F trucks, and the addition of the Cat 798 will further enhance the scale and efficiency of its ultra-class truck fleet.
In addition to supplying new equipment, Ferreyros also provides ongoing aftermarket support for 32 Cat 794 autonomous mining trucks at Peru's Quellaveco copper mine, covering maintenance, parts supply, and component repair. Through its Caterpillar-certified Component Rebuild Center (CRC), the online marketplace Parts.Cat.Com, and the VisionLink digital fleet monitoring platform, Ferreyros offers full lifecycle services for approximately 36,000 active Caterpillar units in Peru. The aftermarket business (parts and service) accounts for 52% to 56% of Ferreycorp Group's total revenue, providing the company with a stable cash flow guarantee. As of June 2025, the total number of Caterpillar electric shovels and mining trucks in Peru's open-pit mining sector exceeded 600 units, giving the company a dominant market share.
This substantial contract with Minera Las Bambas further solidifies Ferreyros' leading position in the supply and service of large-scale mining equipment in Peru and reflects the recognition by MMG's mine of the technical advantages of Caterpillar's ultra-class electric mining trucks in reducing cost per ton. With the phased delivery of the 45 units, the transport efficiency and automation level of the Las Bambas mine will be significantly improved.
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