Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Epiroc AB (publ)
  6. News
  7. Summary
    EPI A   SE0015658109

EPIROC AB (PUBL)

(EPI A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LKAB is charging up for battery-powered machinery under ground

10/27/2021 | 08:18am EST

We're taking the next step towards a carbon-dioxide-free mine.

Battery-powered machinery from Epiroc will be tested in conjunction with the innovation project which LKAB is running in collaboration with ABB, Combitech, Epiroc and Sandvik, aimed at setting a new world standard for sustainable mining.

'We are working concurrently along several tracks in all of our operations to eventually phase out diesel engines. We are testing the capacity of battery-powered and electric vehicles and determining how remote-control equipment performs as compared to manually operated machinery. But the tests must not jeopardize current and future deliveries to our steel-industry customers. The decisions we take with respect to the choice of equipment must not only contribute to higher productivity but, above all, also a more sustainable mine and a safer work environment,' says Anita Oraha Wardi, project manager for autonomous, smart and carbon-dioxide-free machinery at LKAB.

There are many advantages with battery-powered machinery. Zero carbon-dioxide emissions benefit the climate, improve air quality in the mine and support LKAB's ambition to realize carbon-dioxide-free processes and products. In addition, battery-powered vehicles are quieter. Oil consumption will also be reduced, since we will eliminate diesel engines, which require both fuel and regular oil changes.

New infrastructure is needed

But battery-powered vehicles also place entirely new demands on underground infrastructure. Among other things, in the Konsuln test mine in Kiruna, construction manager Joakim Stalnacke and his colleagues have made space for charging stations and prepared areas where a crane can change batteries on vehicles.

We're taking the next step towards a carbon-dioxide-free mine. Battery-powered machinery from Epiroc will be tested in conjunction with the innovation project which LKAB is running in collaboration with ABB, Combitech, Epiroc and Sandvik, aimed at setting a new world standard for sustainable mining.

'We are working concurrently along several tracks in all of our operations to eventually phase out diesel engines. We are testing the capacity of battery-powered and electric vehicles and determining how remote-control equipment performs as compared to manually operated machinery. But the tests must not jeopardize current and future deliveries to our steel-industry customers. The decisions we take with respect to the choice of equipment must not only contribute to higher productivity but, above all, also a more sustainable mine and a safer work environment,' says Anita Oraha Wardi, project manager for autonomous, smart and carbon-dioxide-free machinery at LKAB.

There are many advantages with battery-powered machinery. Zero carbon-dioxide emissions benefit the climate, improve air quality in the mine and support LKAB's ambition to realize carbon-dioxide-free processes and products. In addition, battery-powered vehicles are quieter. Oil consumption will also be reduced, since we will eliminate diesel engines, which require both fuel and regular oil changes.

New infrastructure is needed

But battery-powered vehicles also place entirely new demands on underground infrastructure. Among other things, in the Konsuln test mine in Kiruna, construction manager Joakim Stalnacke and his colleagues have made space for charging stations and prepared areas where a crane can change batteries on vehicles.

FACTS: An Epiroc Minetruck MT42-Battery with a payload of 42 tonnes will be delivered during autumn 2021. During the first quarter of 2022 an additional Minetruck MT42-Battery and a Scooptram ST14-Battery loader with a 14-tonne payload will be delivered. All vehicles will be tested at LKAB in Kiruna.

Contact:

Tel: +46 771-760 000

Fax: +46 771-760 001

Email: info@lkab.com

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about EPIROC AB (PUBL)
12/01EPIROC CAPITAL MARKETS DAY : A vital part of a sustainable society
AQ
11/18Epiroc's ambitious climate targets validated as science based
AQ
11/18Epiroc Receives Validation by the Science Based Targets Initiative for its Ambitious Ta..
CI
11/03Epiroc completes acquisition of specialist in mining vehicle battery conversions
AQ
11/02Epiroc acquires remaining share of Mobilaris MCE
AQ
11/02Epiroc AB acquired remaining 66% stake in Mobilaris MCE AB from Mobilaris AB.
CI
10/29Epiroc speeds up mining electrification with global roll-out of diesel-to-battery conve..
AQ
10/29Epiroc Speeds Up Mining Electrification with Global Roll-Out of Diesel-To-Battery Conve..
CI
10/27LKAB is charging up for battery-powered machinery under ground
AQ
10/21EPIROC : interim report Q3 2021
AQ
More news
Analyst Recommendations on EPIROC AB (PUBL)
More recommendations
Financials
Sales 2021 39 586 M 4 346 M 4 346 M
Net income 2021 6 918 M 759 M 759 M
Net cash 2021 3 373 M 370 M 370 M
P/E ratio 2021 38,5x
Yield 2021 1,39%
Capitalization 252 B 27 895 M 27 694 M
EV / Sales 2021 6,29x
EV / Sales 2022 5,39x
Nbr of Employees 15 198
Free-Float 81,1%
Chart EPIROC AB (PUBL)
Duration : Period :
Epiroc AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EPIROC AB (PUBL)
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 221,80 SEK
Average target price 207,81 SEK
Spread / Average Target -6,31%
EPS Revisions
Managers and Directors
Helena Hedblom President, Chief Executive Officer & Director
Anders LindÚn Chief Financial Officer, SVP-Controlling & Finance
Ronnie Leten Chairman
Ylva Lindquist Vice President-Compliance
Anders Gerhard Ullberg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
EPIROC AB (PUBL)196.43%27 895
PACCAR, INC.-2.69%29 149
KUBOTA CORPORATION7.77%25 923
TOYOTA INDUSTRIES CORPORATION11.72%25 129
CNH INDUSTRIAL N.V.32.87%23 104
KOMATSU LTD.-7.05%21 898