https://newsletter.mw.creamermedia.com
Business|Engineering|Exploration|Mining|Technology|Operations
Business|Engineering|Exploration|Mining|Technology|Operations
business|engineering|exploration|mining|technology|operations

Sandvik sells exploration business to Drillman

9th October 2020

By: Creamer Media Reporter

     

Font size: - +

Swedish engineering group Sandvik will sell its exploration business to Drillman – a subsidiary of the M Group of companies from Australia.

The deal includes exploration rigs, consumables and production stock, along with selected trademarks and patents.

“I believe we have found a good home for our exploration business in Drillman, which will support in the further development of its operations and performance,” Sandvik Mining and Rock Technology president Henrik Ager said in a statement on Friday.

The parties have agreed not to disclose the purchase price and closing of the transaction is expected during the fourth quarter.

In 2019, the exploration business had revenues of about SEK450-million.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

 

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 07 November 2025
Magazine round up | 07 November 2025
7th November 2025
Resources Watch
Resources Watch
5th November 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.121 0.197s - 144pq - 2rq
Subscribe Now