Sandvik Mining has entered into an agreement with BHP Billiton for the conceptual design and testing of an extendable belt system (EBS) for use at BHP Billiton’s Jansen potash project. The project located near Saskatoon, Saskatchewan Canada will employ Sandvik Borer Miners for production with the Sandvik EBS used for haulage to the panel belts.

The Sandvik EBS designed and developed under this agreement will incorporate the latest technology available for enhancement of automation, production, life cycle
costs and safety. Sandvik conveyor products and systems are used around the world for both surface and underground mining applications where high production
rates and low life cycle costs are required.

Jansen is expected to start producing saleable potash from its 3,370 Mt in-situ Mineral Resource in calendar year 2015. The project is designed to ultimately produce approximately 8 Mt/y of agricultural grade potash over an estimated 70 year life.