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Sandvik wins major order for underground mining equipment in Portugal

Jul 01, 2024almost 2 years ago

Contract Type

contract

SwedenManufacturingMiningConstruction

Description

Sandvik has received a major order for underground mining equipment from the Portugal-based distributor Cimertex, for delivery to the Portuguese mining company Almina Minas do Alentejo S.A. The order, valued at approximately SEK 340 million, will help Almina double its current production capacity in Portugal's Iberian pyrite belt.

Company Information

Company

Sandvik AB

Location

Sweden

About

Sandvik AB is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. The company has operations within tools and tooling systems for metal cutting, equipment and tools, service and technical solutions for the mining and construction industries, among others.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.