Torex Gold Resources, a Canadian mining company, ordered 650 million Swedish crowns ($62.76 million) from Sandvik (SAND.ST) on Tuesday.

Twenty internal combustion engine equipment units and 15 battery-electric vehicles were ordered.

Sandvik said the order is its third-largest battery-electric mining fleet order and first in Latin America.

Sandvik said equipment deliveries will begin this year and continue through 2025.

Torex said it will use the fleet for its Media Luna underground deposit in Mexico, which it expects to start commercial production in early 2025.

Conventional equipment includes loaders, trucks, bolters, production drills, and a raise borer, while battery-electric vehicles include loaders and twin-boom jumbos.

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I'm Anna Kovalenko, a business journalist with a passion for writing about the latest trends and innovations in the corporate world. From tech startups to multinational corporations, I love nothing more than exploring the latest developments and sharing my insights with readers.

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