Future opportunities with our offering

Sandvik is shaping the sustainable mine of the future. With our solutions, our customers become more productive and can run safer, more sustainable operations. We aim to have a fully electric underground hard rock offering by 2030, and by then we believe that more than 50 percent of our equipment sales in underground hard rock mining will be electrified. Battery-electric vehicles are estimated to have higher lifecycle revenue potential than conventional diesel-powered vehicles.

We are driving the development and adoption of mining solutions for electrification, automation and process optimization. Mining is essential for the electrification of our society and enabling the energy transition.

With our solutions we have extensive exposure to electrification metals, such as copper, creating solid fundamentals. Additionally, the long-term trend of declining ore grades is forcing mines to move deeper and deeper, where temperatures are higher. This increases the demand for our high-performing electric equipment. It emits much less heat and no exhaust emissions, improving safety, the working environment and cost efficiency.

Our already leading position in underground mining is being leveraged to surface drilling and we aim to more than double revenues from 2022 to 2028. In addition to a strong position in battery-electric vehicles and fleet automation systems, we are a leading provider of mine planning software. This enables a full range of digital offerings throughout the value chain, with mine planning directly linked to safer operations planning, monitoring and execution. These new capabilities will help us build and develop even better products and solutions, and help our customers design mines that are optimized for automation and electrification.