IM June 2024 June 24 | Page 6

WORLD PROSPECTS

Sandvik poised to complete SP Mining integration

Following its acquisition of the Schenck

Process mining related business in
November 2022 , Sandvik has been working hard behind the scenes to bring its new offering and capabilities to market . In October last year ,
Sandvik reached a key milestone in the integration of Schenck Process Mining into its
Rock Processing Solutions Business area , when the company changed the names of the legal entities that came with the Schenck Process acquisition . The newly acquired entities provide
Sandvik Rock Processing with a much better global reach , particularly in geographies where it previously had little presence .
This is especially true in Australia , where
Sandvik Rock Processing only had a small team , while SP Mining had the majority of its engineering and R & D teams as well as production and service facilities in Australia .
Schenck Process Australia , which employed over
400 people became Sandvik Rock Processing
Australia , which is now a major hub for Sandvik ’ s global Screening Solutions Division .
Since the renaming of the legal entities , the integration of the SP Mining business around the world has been a key focus area for the company . Part of this work includes the rebranding of all aspects of the business . In parallel the SP Mining and Kwatani equipment offerings have been united under the Sandvik brand . The company says that the result is an unparalleled range of vibrating screens , feeders , screening media and train loaders .
In early May the company achieved another key integration milestone , shipping out the first
Sandvik branded SP Mining screen from its
Jandakot production facility in
Western Australia . Pleased with the result , Sandvik ’ s Global Head of
Marketing – Screening Solutions ,
Peter Newfield , previously Head of
Marketing APAC for SP Mining , said :
“ Apart from the change to the look , branding and Sandvik nomenclature , nothing else has changed . Our legendary reliability , technology and aftermarket support remains as our customers have come to expect . We are now better equipped than ever to help our customers to optimise their comminution and material handling operations for maximum performance , safety , and efficiency .”
Commenting on the company ’ s new offer ,
Newfield says that combining the industry leading screening , feeding , and loading expertise of Schenck Process Mining and
Kwatani with Sandvik ’ s mastery of crushing and wear protection , allows the company to bring an unrivalled equipment line-up to market . He adds :
“ This unique offering is underpinned by the expert process knowledge of our teams , a full range of digital tools , high quality OEM spare parts , consumables , and life-cycle services .”
But the integration isn ’ t just limited to the equipment . Newfield says that it has been a major project that involves every part of the business . In essence , the acquired Schenck
Process entities have become Sandvik Rock
Processing entities and so SP Mining staff had to embrace the Sandvik culture and learn the company ’ s systems , and ways of working .
“ Of course , a big part of the integration is making sure that our key stakeholders understand the benefits of us becoming a fully integrated part of Sandvik . It takes time for people to adjust to change , and they need to know what is happening throughout the process .
We have worked hard to communicate the changes to all our key stakeholders including our customers and employees ,” Newfield said .
“ We are now changing the branding of all our
Australian facilities , our motor vehicles , and the work clothes that our people wear on the job every day . Our website and other marketing collateral is also being changed to showcase our new product offerings and brand .”
Newfield says that he expects the rebranding projects to be complete by the end of June which is the final step in the integration process . “ Our new offering along with the advances that our combined R & D teams are making , allow us to partner with our customers to address our industry ’ s biggest challenge - making mineral processing more eco-efficient .” https :// www . rockprocessing . sandvik / en /

Epiroc acquires remaining 66 % of ASI Mining

Epiroc , a leading productivity and sustainability partner for the mining and construction industries , has agreed to acquire the remaining share of ASI Mining , the US-based autonomous mining solutions company . Epiroc already owns 34 % of ASI Mining , which it acquired in 2018 . The acquisition regards the remaining 66 % of the company .

ASI Mining is based in Mendon , Utah , USA . The company , a subsidiary of Autonomous Solutions , Inc , is a leading provider of mining automation systems , such as remote control , teleoperation , and fully autonomous solutions . Its solutions are OEM agnostic , meaning they work regardless of machine brand and fit well for mixed fleets . The solutions strengthen mine safety and productivity while lowering emissions and total cost of operation . ASI Mining had revenues of about MSEK 300 in 2023 .
“ Epiroc and the innovative team at ASI Mining are already collaborating closely to bring the most advanced automation solutions to mining customers ,” says Helena Hedblom , Epiroc ’ s
President and CEO . “ We look forward to complementing their solutions fully with our offering and together continue supporting customers on their automation journey .”
The acquisition of the remaining share requires regulatory approval from US competition authorities , and is expected to be completed in the third quarter 2024 . The parties have agreed not to disclose the purchase price as the transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation .
The transaction will lead to a positive revaluation effect of the ownership held prior to the acquisition in the segment Equipment & Service . The gain will be reported as an item affecting comparability in the third quarter 2024 . https :// www . epiroc . com ; https :// asimining . com
4 International Mining | JUNE 2024