The Swedish truck maker Scania AB said that it has entered into a long term contract worth SEK 1.5 billion contract for road transportation of iron ore concentrate from Northland Resources SA's ore mining operation at Pajala in Sweden.

The agreement will begin late this year and last until 2021.

Scania will deliver a total of about 400 complete truck and trailer combinations and service related products tailored to the mining industry's very strict demands in respect of load capacity, uptime and delivery precision.

The order was placed by the mining company's general contractor Swerock, which is a subsidiary of the Swedish construction and civil engineering company Peab AB.

Scania's overall undertaking covers delivery of truck combinations with specially built trailers, driver training and coaching, vehicle monitoring, maintenance and repairs of trucks and trailers, including tires, supplies and service. The deal will be financed by the Swedish subsidiary of Scania Financial Services.

Source - Market Watch

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