Sandvik to supply equipment and financing to Lucara’s Karowe mine

Sandvik has secured an order from Lucara Botswana, a subsidiary of Lucara Diamond Corp, to supply a 15-unit fleet of underground drills and loaders for the Karowe diamond mine. The equipment package includes various development drills, Toro loaders, a cable bolter, and a longhole drill.

In addition to the machinery, Sandvik will provide aftermarket support, rock tools, and digital monitoring solutions, such as the MySandvik and Remote Monitoring Service, to optimize equipment performance and maintenance.

The investment is being financed through Sandvik Financial Services with an export guarantee from the Swedish Export Credit Agency. Deliveries for the order, which was booked in the second quarter, are ongoing and expected to continue through the fourth quarter of the year.