Sandvik Mining and Rock Solutions

What Sandvik Mining and Rock Solutions does

Sandvik Mining and Rock Solutions is a business area of Sweden-headquartered Sandvik AB (NASDAQ Stockholm: SAND), established following the 2022 reorganization of the 1862-founded industrial group into four operating divisions. The unit supplies integrated equipment, tools, automation, electrification, and digital services for surface and underground mining and rock excavation, serving enterprise mining operators across hard-rock metals, industrial minerals, and aggregates. Core product lines include underground and surface drill rigs, loaders (including the battery-electric LH518iB), trucks (including the TH550B battery-electric truck), mechanical cutting equipment, bolters, rock tools, ground support, and parts/components.

Underlying the equipment portfolio is a layered technology stack. The AutoMine® platform provides autonomous and tele-remote operation for underground loading, hauling, and drilling as well as surface fleets, with variants covering single-machine, multi-machine, and control-room operation. RockPulse™ and the Remote Monitoring Service deliver real-time drill performance monitoring and predictive maintenance, while Sandvik Telemetry and Mixed Fleet Telemetry extend connected-fleet analytics across OEM-agnostic fleets. The My Sandvik customer portal, the My Sandvik Geo cloud service (launched March 2026), and integrated mine planning/simulation tools add a software and data layer. Proximity detection, collision-avoidance technology (including the OEM-agnostic Newtrax system), and battery-electric platforms round out a safety and sustainability proposition that the company claims reduces on-site accidents by up to 30% and maintenance costs by 40-60% versus diesel.

The business model is a hybrid of equipment sales, recurring post-sale services, and financing. Hardware revenue is generated through direct enterprise field sales supported by global regional offices, supplemented by the My Sandvik e-commerce portal for parts. Recurring revenue is anchored by post-sale data services and subscriptions on autonomous equipment—Sandvik states that 70% of revenue on its autonomous mining loaders comes from post-sale data services and subscriptions—and by service contracts, equipment rebuilds, rock drill price-per-hour programs, and the Centrevo® digital suite. Customer acquisition financing is provided through OwnIt, GainIt, and RunIt programs, and major projects are delivered through an integrated project delivery model that bundles equipment, automation, electrification, and vendor-supported financing (e.g., the US$132M Atlas Salt Great Atlantic Salt Project). Customer segments span underground and surface mining operators, industrial mineral miners, and technology-forward enterprises seeking autonomous and electrified fleets, with named enterprise customers including Glencore, ArcelorMittal, Atlas Salt, B2Gold, La Cantera, New Porgera, K92 Mining, and Lihir Gold.

Name

Sandvik Mining and Rock Solutions

Legal name

Sandvik AB

Website

https://rocktechnology.sandvik

Company type

Public

Founded year

1862

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sandvik Mining and Rock Solutions, a division of Sandvik AB, supplies integrated mining equipment, AutoMine® automation, battery-electric platforms, and digital services to enterprise surface and underground mining operators worldwide.

Ownership category

akta.pro rank

Product category

Mining Equipment and Rock Excavation Technology

NAICS

Mining Machinery and Equipment Manufacturing (333131)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Mining Automation, Telematics & Fleet Management Systems (IMAKANAK)

akta.pro secondary industries

Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA), Drill Tools, Bits & Downhole Equipment (IMAHAMAB), Mine Site Support Services (Camp/Catering, Security, Fuel & Lubricants, Water, Waste, Roads) (IMAKAKAE)

Keywords

• Mining equipment manufacturing
• Underground drilling solutions
• Autonomous mining systems
• Rock excavation tools
• Mining equipment services

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Mining Equipment Sales: Sale of underground and surface mining equipment including drill rigs, loaders, trucks, mechanical cutting equipment, bolters, rock tools, ground support products, and parts/components. Equipment includes both diesel and battery-electric variants.
2. Digital Services and Subscriptions: Post-sale data services and subscriptions on autonomous mining equipment, including cloud-based services like My Sandvik Geo, remote monitoring, and telemetry services. 70% of revenue comes from post-sale data services and subscriptions on autonomous mining loaders.
3. Financial Services: Financial services including OwnIt (acquisition financing), GainIt (revenue sharing), and RunIt (operational financing) programs that support customer equipment acquisition.
4. Service Contracts and Aftermarket: Comprehensive service offerings including service on demand, service contracts, extended warranty, equipment rebuilds (custom rebuilds, Reborn, life extension), component services, rock tools services including resharpening and Centrevo digital suite, and rock drill services.
5. Integrated Project Delivery: Project delivery partnerships where Sandvik serves as integrated project delivery partner for major mining projects, providing equipment, technology, and construction services with vendor-supported financing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Sandvik Mining and Rock Solutions manufactures and supplies mining and rock excavation equipment (underground and surface drill rigs, loaders, trucks, mechanical cutting equipment, bolters, rock tools, ground support products, parts and components) alongside its AutoMine® autonomy platform, battery-electric and hybrid mining vehicles, and a suite of cloud-based digital services (My Sandvik portal, My Sandvik Geo, Remote Monitoring, Sandvik/Mixed Fleet Telemetry, Centrevo®). The business is completed by aftermarket service contracts, equipment rebuilds, operator training, and financial services (OwnIt, GainIt, RunIt) sold directly to enterprise mining operators globally.

Product overview

Sandvik Mining and Rock Solutions offers a comprehensive integrated portfolio of mining equipment, digital solutions, and services for surface and underground mining operations. The offering architecture combines core equipment (underground drill rigs, surface drill rigs, loaders, trucks, mechanical cutting, bolters) with technology platforms (AutoMine® automation, Electrification, RockPulse™ monitoring) and digital solutions (My Sandvik customer portal, telemetry, remote monitoring, mine planning). The AutoMine® product group provides autonomous and remotely operated mobile equipment across underground loading/hauling, drilling, and surface operations. Service offerings include equipment rebuilds, financial services (OwnIt, GainIt, RunIt), training, and the cloud-based My Sandvik Geo service for geological insights. Rock tools, ground support, and parts/components round out the consumables and aftermarket portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Underground drill rigs Underground drilling equipment including development drill rigs such as DD422iE and DD423iE battery-powered variants for hard-rock mining.
• Surface drill rigs Surface drilling rigs including rotary blasthole drills (DR412i, DR416i), top-hammer Ranger DXi drills, and the Leopard DI650i for surface mining and quarrying.
• Loaders Underground loading equipment including battery-electric LH518iB and LH518B loaders and Toro LH410, LH307 and LH514 models for production loading.
• Trucks Underground haul trucks including the TH550B battery-electric truck for zero-direct-emission haulage.
• Mechanical cutting Mechanical cutting equipment including the MT721 roadheader for tunneling and mine development.
• Bolters Rock bolting equipment including DS311 single-boom and DD321 twin-boom development jumbos and the DZ701 longwall face bolter.
• Rock tools Consumable drilling tools including down-the-hole, top hammer, rotary and raise boring drilling tools plus associated services.
• Ground support Ground support products including bolts and cables, mesh, chemicals and grouts, and tunneling/GeoTech solutions.
• Parts and components Spare parts, components, upgrades, booms and feeds, buckets, fire suppression, rock drills and ground engaging tools for Sandvik fleets.
• AutoMine® Underground Loading and Hauling Autonomy suite for underground loaders and trucks with Tele-Remote, Lite, Multi-Lite and Core variants; deployed at nearly 30 automated mine sites.
• AutoMine® Underground Drilling Automation system for underground drilling covering Single Drill, Drill Fleet and Machine Fleet.
• AutoMine® Surface Surface mining automation spanning Line of Sight, Control Room and Autonomous operations.
• Electrification Battery-electric and hybrid mining equipment platform including the TH550B battery-electric truck and LH518iB battery-electric loader, plus charging infrastructure.
• My Sandvik customer portal Cloud-based customer portal enabling online purchase of thousands of spare parts and products, fleet data tracking, electronic manuals, and access to My Sandvik Geo geological services.
• RockPulse™ Real-time rock drill monitoring technology for performance analytics, predictive maintenance and operational optimization.
• Proximity Detection and Collision Avoidance Safety systems detecting proximity of workers and vehicles to prevent collisions in underground mining environments.
• Remote Monitoring Service Predictive-maintenance service using intelligent technology to prevent and predict equipment breakdowns before they happen.
• Sandvik Telemetry Equipment telemetry system for monitoring and analyzing mining equipment performance and status.
• Mixed Fleet Telemetry OEM-agnostic telemetry solution for monitoring mixed-brand equipment fleets across mining operations.
• Service contracts Comprehensive service agreements covering equipment maintenance and support for Sandvik mining fleets.
• Equipment rebuilds Equipment restoration services spanning custom rebuilds, Reborn (full restoration), and life extension programs.
• Financial services (OwnIt, GainIt, RunIt) Customer financing programs for equipment acquisition and operations: OwnIt (acquisition financing), GainIt (revenue/gain sharing) and RunIt (operational financing).
• Automation Learning Solutions Training programs for autonomous mining operations, including digital trainers and instructor-led training.
• Centrevo® digital suite Digital suite for rock tools services covering resharpening equipment management and service optimization.
• Integrated mine planning solutions Planning software and solutions for mine design and operations optimization.
• Optimization and simulation Simulation and optimization tools for mining operations planning and performance improvement.
• Newtrax Collision-Avoidance Technology OEM-agnostic safety and data solutions for underground mining, deployed with Glencore at Kamoto Copper (DRC) and Raglan nickel (Canada).

Quantifiable outcome

• Up to 15% operating cost reduction and 30% productivity improvement per haul truck in autonomous operations
• +5 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature11 records

Partnerships

Nine partnerships are on record, tiered core.

• New Porgera LimitedcoreStrategic or Co-development Partner · 28 April 2026Operating in Papua New Guinea for over five years. More than 40 units of equipment delivered across underground trucks, loaders and drilling equipment. Sandvik investing in remote monitoring technology and local skills development.
• K92 Mining LtdcoreStrategic or Co-development Partner · 28 April 2026Operating in Papua New Guinea for over five years. More than 40 units of equipment delivered across underground trucks, loaders and drilling equipment. Sandvik investing in remote monitoring technology and local skills development.
• Lihir Gold LimitedcoreStrategic or Co-development Partner · 28 April 2026Operating in Papua New Guinea for over five years. More than 40 units of equipment delivered across underground trucks, loaders and drilling equipment. Sandvik investing in remote monitoring technology and local skills development.
• ThoroughTec SimulationcoreStrategic or Co-development Partner · 3 March 2026Sandvik agreed to acquire this South African company specializing in equipment simulators and simulation-based training for the mining industry. Strategic acquisition to enhance automation learning solutions and operator training capabilities.
• Atlas Salt Inc.coreStrategic or Co-development Partner · 17 February 2026Expanded strategic MOU for Great Atlantic Salt Project in Newfoundland and Labrador. Sandvik serves as Integrated Project Delivery Partner providing underground mobile mining equipment, battery-electric fleet, automation systems (AutoMine), and vendor-supported financing. Partnership value increased from US$73M to US$132M. Project targets 4.0 million tonnes per year steady-state production of road de-icing salt for Eastern North America market.
• Glencore International AGcoreStrategic or Co-development Partner · 14 July 2025Expanded partnership to include Newtrax collision-avoidance technology for underground mine safety. OEM-agnostic safety and data solutions deployed at Kamoto Copper (DRC) and Raglan nickel (Canada) mines, supporting real-time insights and automated safety features.
• La Cantera Desarrollos MineroscoreStrategic or Co-development Partner · 16 June 2025Major equipment order for 64 pieces of underground mining equipment including 23 Toro LH410 loaders, 19 Sandvik DD311 single-boom development jumbos, 16 Sandvik DS311 rock bolters, and other equipment to be delivered 2025-2028. Longstanding partnership as La Cantera already operates 82 Sandvik equipment units.
• SRG GlobalcoreStrategic or Co-development Partner · 16 June 2025SRG Global received the first ever Sandvik drill, marking a significant milestone in mining equipment delivery. Represents pioneering technology deployment partnership.
• ArcelorMittal Mining CanadacoreStrategic or Co-development Partner · 30 May 2025Supply agreement for four Sandvik DR412i rotary blasthole drills for Mont-Wright mining complex in Québec. Includes 12-month Remote Monitoring Service agreement and new Sandvik support facility in Labrador West. Equipment features real-time diagnostics and environmental safety measures.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Liebherr: Family-owned Swiss/German OEM producing mining trucks, excavators, and underground loading equipment; competes with Sandvik in select underground loader and truck categories.
• Komatsu: Major Japanese OEM with extensive mining equipment portfolio (trucks, shovels, drills) and the FrontRunner autonomous haulage system, directly competing with Sandvik's AutoMine Surface.
• Caterpillar (Cat® Mining): Largest global mining equipment OEM; competes with Sandvik in surface mining trucks, shovels, and drill rigs and operates the Cat® MineStar autonomy suite for autonomous haulage and drilling.
• JCB: UK-based OEM with mining variants of backhoe loaders and excavators; partial overlap with Sandvik in select underground and quarrying equipment categories.
• Volvo Construction Equipment: Construction and quarrying equipment OEM with growing exposure to mining segments; competes with Sandvik in loaders and articulated haulers used in surface and quarrying operations.
• Doosan Bobcat: Compact and heavy construction equipment OEM displaced from the KHL Top 10 by Sandvik; competes with Sandvik in selected loader and compact equipment categories used in mining and quarrying.
• Hitachi Construction Machinery: Global mining excavator and truck OEM, including ultra-large hydraulic shovels and rigid-frame haul trucks that overlap with Sandvik's surface mining equipment offering.

Emerging players

• Hexagon (Mining division): Provides mining technology platforms (HxGN MineOperate, MineProtect) covering autonomous and remote operation, fleet management, and collision avoidance; directly overlaps with Sandvik's AutoMine and Newtrax digital safety offerings.

Direct peers

• Epiroc: Direct competitor spun out of Atlas Copco in 2018; offers underground and surface mining equipment, rock drills, automation (6th Sense), and battery-electric vehicles across the same customer base as Sandvik Mining and Rock Solutions.

Regional players

• Metso: Finnish processing and crushing equipment specialist (formerly Metso Outotec) that overlaps with Sandvik's rock processing and drilling consumables; a relevant peer particularly for comminution, screening, and aftermarket services tied to mining customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@SandvikMining1
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• Instagraminstagram.com/sandvikmining
• Xx.com/Sandvik_Mining

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandvik Mining and Rock Solutions