By Dominic Chopping

STOCKHOLM--Swedish engineer Sandvik AB (SAND.SK) said Monday its mining unit has secured materials handling contracts in South America and Australia worth a combined SEK950 million.

 
   MAIN FACTS:

-The contracts will contribute to Sandvik Mining's business during the years 2013 until 2015.

-The orders include design and supply of conveying systems for a surface mine in South America.

-For Australia the orders include design, supply and delivery of materials handling equipment.

-Shares closed Friday at SEK100.40, valuing the company at SEK125.94 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

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