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    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
  Report
Delayed Quote. Delayed Nasdaq Stockholm - 10/22 11:29:31 am
214.8 SEK   +1.80%
10/21EPIROC : interim report Q3 2021
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10/21Epiroc AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
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10/21Epiroc Approves Dividend, November 2, 2021
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Epiroc : partners with Ivanhoe Mines for significant order of battery-electric mining equipment in South Africa

07/14/2021 | 02:31am EDT

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a significant order for battery-electric mining equipment from Ivanplats that will be used to develop its greenfield mine in South Africa in the most sustainable and productive manner possible.

Ivanplats, a subsidiary of Canadian mining company Ivanhoe Mines, has ordered several Boomer M2 Battery face drill rigs and Scooptram ST14 Battery loaders. The new Platreef underground mine, which will trial the emissions-free machines during its initial development phase, will produce palladium, rhodium, platinum, nickel, copper and gold.

Ivanplats has the ambition to use all battery-electric vehicles in their mining fleet at Platreef.

The order exceeds MZAR 150 (MSEK 90) in value and was booked in the second quarter 2021.

"It is encouraging that Ivanplats is considering going all battery-electric at Platreef, and we are proud to support them on this journey," says Helena Hedblom, Epiroc's President and CEO. "Battery-electric equipment is increasingly embraced by mining companies as it provides a healthier work environment, lower total operating costs, and higher productivity. The technology is now well established, and Epiroc is driving this change toward emissions-free mining."

"We want to be at the fore-front of utilizing battery electric, zero-emission equipment at all of our mining operations," says Marna Cloete, Ivanhoe Mines' President and CFO. "This partnership with Epiroc for emissions-free mining equipment at the Platreef Mine is an important first step towards achieving our net-zero carbon emissions goals while mining metals required for a cleaner environment."

Boomer M2 Battery face drill rigs and Scooptram ST14 Battery loaders are built in Sweden, and are automation ready and equipped with Epiroc's telematics solution Certiq. The equipment will be delivered early in 2022. Epiroc will also provide on-site operator and maintenance training to Ivanplats.Epiroc will offer its complete fleet of underground mining equipment as battery-electric versions by 2025, and its full fleet for surface operations as battery-powered versions by 2030.


The Epiroc Scooptram ST14 Battery loader is part of the order by Ivanplats in South Africa

For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 36 billion in 2020, and has 14 000 passionate employees supporting and collaborating with customers in about 150 countries. Learn more at www.epirocgroup.com.
 



 

https://news.cision.com/epiroc/r/epiroc-partners-with-ivanhoe-mines-for-significant-order-of-battery-electric-mining-equipment-in-sou,c3384550

https://mb.cision.com/Main/16899/3384550/1444610.pdf

https://news.cision.com/epiroc/i/epiroc-scooptram-st14-battery,c2935968

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EPIROC AB (PUBL) 1.80% 214.8 Delayed Quote.187.07%
TURQUOISE HILL RESOURCES LTD. -0.12% 16.58 Delayed Quote.4.74%
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Financials
Sales 2021 39 601 M 4 622 M 4 622 M
Net income 2021 6 974 M 814 M 814 M
Net cash 2021 3 301 M 385 M 385 M
P/E ratio 2021 37,1x
Yield 2021 1,45%
Capitalization 246 B 28 699 M 28 735 M
EV / Sales 2021 6,13x
EV / Sales 2022 5,26x
Nbr of Employees 15 198
Free-Float 81,1%
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 214,80 SEK
Average target price 204,33 SEK
Spread / Average Target -4,87%
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Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Anders Lindén Chief Financial Officer, SVP-Controlling & Finance
Ronnie Leten Chairman
Ylva Lindquist Vice President-Compliance
Anders Gerhard Ullberg Independent Director
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