Mining

“Social Capital Our raw material supplier holds Antarctic krill fishing licenses issued by Norway, our home country. Our long-term access to the krill fishery depends on the responsible development of the krill industry. We must continue to ensure that there is scientific evidence and confidence that krill harvesting remains sustainable and closely aligned with global efforts to combat climate change.”

Annual report 2024A · The company itself

“Any failure to adequately plan for reserve depletion, or accurately forecast future growth markets, could lead to a failure to maintain, and/or acquire and develop required sites, especially given long development lead times, and associated operational stoppages that adversely impact financial performance and cash flows.”

Annual report 2025A · The company itself

“Appropriate reserves are increasingly scarce, and licenses and permits required for operations are also becoming harder to secure (e.g. due to increasing resistance from communities that have expanded around potential attractive reserves).”

Annual report 2025A · The company itself

“The Company’s estimate of 27,519 million tons of reserves, as disclosed on page 22 analyzed by rock type (Hard rock, Sand & Gravel, and Other), are of recoverable stone, sand, and gravel of suitable quality for economic extraction, based on drilling and studies by the Company’s geologists and engineers.”

Annual report 2025A · The company itself

“Gruvdrift under jord blir allt vanligare, särskilt för mineraler som guld och koppar. Lägre malmhalter, djupare fyndigheter och ett ökat regulatoriskt tryck att bedriva gruvdrift under jord istället för i dagbrott, bidrar till ökningen av underjordsgruvor.”

Annual report 2024A · The company itself

“I dag sker uppskattningsvis en fjärdedel av all global kopparbrytning under jord och det förväntas öka till cirka 30% till 2030.”

Annual report 2024A · The company itself

“Det var en hög gruvaktivitet under året, vilket bidrog till en stark efterfrågan, särskilt på service och lösningar som automation och digitalisering.”

Annual report 2024A · The company itself

“Under året var efterfrågan från gruvkunderna god, vilket gav stöd åt efterfrågan på bergborrverktyg.”

Annual report 2024A · The company itself

“Yieldpoint designar, tillverkar och säljer avancerade digitala geotekniska instrument och har kunder över hela världen. Produkterna, som omfattar bergrörelsesensorer och telemetrilösningar, används främst i gruvor under jord samt i tunnel och anläggningsapplikationer.”

Annual report 2024A · The company itself

“Vi tror att digitalisering är nyckeln till en hållbar framtid för gruvindustrin. Inom digitalisering har vi en branschledande, OEM-agnostisk strategi som fungerar för alla typer av maskiner oavsett tillverkare, och vårt breda utbud av lösningar har flera fördelar för våra kunder.”

Annual report 2024A · The company itself

“Våra riggstyrsystem kan till exempel underlätta beslutsfattande baserat på data för den mest optimala autonoma driften. Skapar världens största OEM-agnostiska autonoma gruva Epiroc konverterar Roy Hills blandade flotta till förarlös drift i Australien. 78 självkörande gruvtruckar (Caterpillar och Hitachi) och över 200+ nyttofordon planeras att köras 24/7.”

Annual report 2024A · The company itself

“Epiroc har levererat bergborrningsutrustning i mer än hundra år. Faktum är att den första bergborrmaskinen tillverkades 1905.”

Annual report 2024A · The company itself

“Hög andel återkommande affärer Epiroc har ett brett eftermarknadserbjudande som omfattar service, bergborrverktyg, avancerade markbrytande verktyg, hydrauliska tillbehör, ett brett sortiment av teknikagnostiska och dynamiska digitala lösningar, utbildning och batterikonvertering med mera.”

Annual report 2024A · The company itself

“Vi tillhandahåller ett omfattande sortiment av avancerade bergborrverktyg som t.ex. borrkronor och borrstänger för tillämpningar både under och ovan jord. Verktygen används både i gruv- och anläggningsapplikationer.”

Annual report 2024A · The company itself

“GroundEng ag ing Tools(GET), t.ex.skoptänder,slitskydd ochskyddshöljen. EFTERMARKNAD Hydraulhammareförnedmontering Mag neterförupplockning  av metallskrot Rotationsfräsar för profilering i hårda material Betongsax för nedmontering Snabbfästen för grävmaskiner Tillbehör Vi erbjuder ett brett sortiment av specialtillbehör och snabbfästen för bergbrytning samt för nedmontering av byggnader, asfalt-, betong- och stålkonstruktioner, dikesgrävning, materialsortering, återvinning och avfallshantering. Tillbehören används på grävmaskiner och andra liknande maskiner och säljs under flera varumärken.”

Annual report 2024A · The company itself

“Tools & Attachments består av två divisioner som tillhandahåller bergborrverktyg, markbrytande verktyg och specialredskap som monteras på maskiner som huvudsakligen används för borrning, nedmontering, återvinning samt för bergbrytning. Det erbjuder också relaterad service, reservdelar och digitala lösningar till gruv- och anläggningsindustrin.”

Annual report 2024A · The company itself

“Gruv- och anläggningsindustrin gynnas av en strukturell tillväxt i efterfrågan.”

Annual report 2024A · The company itself

“Jämförbara enheter, exklusive nya rapporteringsenheter 2024. e-utsläpp från användning av sålda produkter, kton Anställda, antal, periodens slut Kvinnliga medarbetare, % Kvinnliga chefer, % 4.8 5.1 5.7 2.1 2.4 5.1 2.1 4.3 2.2 2.4 Reg istreradeolyckorpåenmiljon arbetstimmarochsjukfrånvaro VÄRDESKAPANDE STRATEGI – BÄSTA MÖJLIGA RESULTAT Verksamhetskritiska lösningar Epiroc erbjuder utrustning och eftermarknadslösningar för tillämpningar i, framför allt, hårda formationer. Ofta är vår utrustning verksamhetskritisk för kunderna.”

Annual report 2024A · The company itself

“Förse kunder inom gruv- och anläggningsindustrin med innovativa lösningar som förbättrar produktivitet, säkerhet och miljöprestanda.”

Annual report 2024A · The company itself

“VÄRDESKAPANDE STRATEGI – EFFEKTIVITET Påskynda transformationen Tillgång på metaller och mineraler är en förutsättning för att det moderna samhället ska fungera. Minskade koldioxidutsläpp i vår bransch är viktigt och vi underlättar omställningen för våra kunder.”

Annual report 2024A · The company itself

“Weco Proprietary Limited tillverkar precisionskonstruerade bergborrningsdelar och tillhandahåller relaterade reparationer och service i södra Afrika. Bolaget hade vid förvärvstillfället cirka MSEK 90 i årsomsättning och 80 anställda.”

Annual report 2024A · The company itself

“Kv1 Den 11 mars tillkännagav Epiroc en stor order i Mexiko från Dumas Contracting Ltd. avseende utrustning för gruvdrift underjord samt relaterad service och lösningar. Dumas, ett dotterbolag till STRACON Group, är en fullserviceentreprenör inom gruvdrift underjord.”

Annual report 2024A · The company itself

“Kv2 Den 4 juni tillkännagav Epiroc en stor order i Indien från Hindustan Zinc Limited avseende gruvutrustning och eftermarknadssupport. Hindustan Zinc, som ingår i Vedanta Group, är världens näst största zinkproducent.”

Annual report 2024A · The company itself

“Kv3 Den 9 september tillkännagav Epiroc en stor order på ovanjordsutrustning i Australien från Pilbara Minerals, världens största oberoende litiumproducent i hård bergart.”

Annual report 2024A · The company itself

“Den 8 oktober tillkännagav Epiroc en stor order på utrustning för dagbrott i Australien från Newmont Corp, en av världens ledande guldproducenter.”

Annual report 2024A · The company itself

“Den 8 oktober tillkännagav Epiroc en stor order på utrustning för gruvdrift underjord i Kazakstan från Eurasian Resources Group (ERG). ERG är världens största producent av ferrokrom efter krominnehåll.”

Annual report 2024A · The company itself

“BHP, ett av världens största gruvbolag, beställde en flotta med Pit Viper 271 spränghålsborriggar. De mycket avancerade maskinerna gör det möjligt för BHP:s operatörer att övervaka den autonoma, förarlösa driften från det integrerade fjärrstyrda driftcentret i Perth, som ligger mer än 1 100 kilometer bort.”

Annual report 2024A · The company itself

“E q u i p m e n t Service 20242023202220212020 -12 Årlig och genomsnittlig intäktsökning Intäkter per typ av affär 20242023202220212020 Intäkter och book-to-bill 20242023202220212020 Orderingång Epiroc koncernen Marknadsutveckling Efterfrågan från gruvkunderna var fortsatt hög, särskilt på våra lösningar inom automation och digitalisering.”

Annual report 2024A · The company itself

“A substantial or extended decline in commodity prices could have a material adverse effect on the Company’s financial position, results of operations, cash flows, access to capital, and on the quantities of reserves that the Company can economically produce.”

Annual report 2025A · The company itself

“In addition, sustained lower gold, silver, copper, zinc or lead prices can: Table of Contents •Reduce revenues further through production declines due to cessation of the mining of deposits, or portions of deposits, that become uneconomic at sustained lower metal prices; •Reduce or eliminate the profit that we currently expect from ore stockpiles and ore on leach pads and increase the likelihood and amount that the Company might be required to record write downs related to the carrying value of its stockpiles and ore on leach pads; •Halt or delay the development of new projects; •Reduce funds available for exploration and advanced projects with the result that depleted reserves may not be replaced; and •Reduce existing reserves by removing ores from reserves that can no longer be economically processed at prevailing prices.”

Annual report 2025A · The company itself

“Illegal mining could also result in lost gold production and reserves, mine and development stoppages, and have a material adverse effect on financial condition or results of operations or project development.”

Annual report 2025A · The company itself

“Tailings Storage Facilities and Dust Emissions at Cadia Tailings deposition was suspended at Cadia Holdings Pty Ltd’s (“Cadia Holdings”) tailings storage facilities in March 2018 following an embankment slump of its NTSF. Use of the NTSF is subject to a prohibition notice issued by the NSW Resources Regulator and deposition is expected to remain suspended until repairs of the NTSF wall are completed.”

Annual report 2025A · The company itself

“Newmont and the mining industry are facing continued geotechnical, geothermal and hydrogeological challenges due to the older age of certain of our mines and a trend toward mining of more complex deposits, the use of deeper and larger pits and the use of deep, bulk or selective underground mining techniques.”

Annual report 2025A · The company itself

“These risks include a cave not propagating as anticipated, excessive air gaps forming during the cave propagation, unplanned ground movement occurring due to changes in stresses released in the surrounding rock and larger or more frequent mining-induced seismicity than anticipated. Additionally, during cave establishment and propagation, higher levels of seismic activity, and higher likelihood of damage to excavations from seismic events, are expected.”

Annual report 2025A · The company itself

“Specific examples where we face such risks include: Waste Rock and Tailings Management Our gold and copper mining and ore refining/metals extraction processes generate waste by-products such as waste rock (managed in waste rock dumps or, in the case of Lihir, harbor waste rock platforms and permitted barge dumping locations) and tailings (managed by the use of tailings storage facilities, lacustrine deposition in the case of Brucejack or deep sea tailings placement in the case of Lihir and as proposed at Wafi-Golpu).”

Annual report 2025A · The company itself

“This project secures Tanami’s future as a long-life, low-cost producer by extending mine life beyond 2040 through the addition of a 1,460 meter hoisting shaft and supporting infrastructure to achieve higher production and provide a platform for future growth. The expansion is expected to increase average annual gold production and improve efficiency for the first five years (2028 - 2032).”

Annual report 2025A · The company itself

“Segment Information The Company's 13 reportable segments consist of each of its 12 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines ("NGM"), which it does not directly manage.”

Annual report 2025A · The company itself

“Completed the sale of the CC&V, Musselwhite, Éléonore, Akyem, and Porcupine reportable segments and the Coffee development project.”

Annual report 2025A · The company itself

“Gruvsidan var stabilare. Höga metallpriser drev upp en hög aktivitet i gruvorna och ledde till ett starkt momentum för våra reservdelar, tjänster och förbrukningsvaror.”

Annual report 2024A · The company itself

“Vd och koncernchef framtida tillväxt, bland annat reservdelar, tjänster och förbrukningsvaror, mjukvara för både gruv- och tillverkningsverksamheterna, automationslösningar samt lösningar för gruvdrift ovan jord.”

Annual report 2024A · The company itself

“Hållbarhet är en stor affärsmöjlighet för Sandvik och våra lösningar bidrar till att förbättra kundernas produktivitet, säkerhet och resurseffektivitet. Genom vårt teknikledarskap och vår innovationsförmåga inom områden som automation, digitalisering och elektrifiering har vi en unik möjlighet att driva på skiftet mot hållbarhet i våra kunders branscher. Tillgången till mineraler är en förutsättning för att möjliggöra den gröna omställningen, och vi har en viktig roll att spela genom att förse våra kunder med lösningar som maximerar produktionen på ett effektivt, säkert och hållbart sätt.”

Annual report 2024A · The company itself

“Rock Processing Solutions är att expandera inom gruvindustrin och öka andelen reservdelar, tjänster och förbrukningsvaror, och förvärvet av SP Mining år 2022 var ett viktigt steg i den riktningen. Med en stärkt position som helhetsleverantör av krossar och siktar kommer vi att expandera både kundmässigt och geografiskt.”

Annual report 2024A · The company itself

“Vi introducerade också ett antal innovationer kopplade till vår automationsplattform AutoMine® och tog ett steg närmare en OEM-agnostisk (Original Equipment Manufacturer) strategi för gruvautomation genom förvärvet av Universal Field Robots.”

Annual report 2024A · The company itself

“Vårt största bidrag är att genom våra lösningar göra våra kunder inom gruv-, infrastruktur- och bearbetningsindustrierna mer hållbara.”

Annual report 2024A · The company itself

“Vi stärkte också vårt erbjudande inom gruvautomation genom förvärvet av Universal Field Robots.”

Annual report 2024A · The company itself

“Robots (UFR), en leverantör av autonoma interoperabla lösningar för gruvbrytning ovan och under jord. Förvärvet kommer att öka den tillgängliga marknaden och ytterligare stärka marknadspositionen för AutoMine® – den ledande plattformen för gruvautomation.”

Annual report 2024A · The company itself

“Sandvik är en global högteknologisk industrikoncern som erbjuder lösningar som förbättrar produktivitet, lönsamhet och hållbarhet för tillverknings-, gruv- och infrastrukturindustrierna.”

Annual report 2024A · The company itself

“En ledande leverantör av utrustning och verktyg, reservdelar, tjänster, digitala lösningar och hållbara teknologier för gruvoch infrastrukturindustrierna.”

Annual report 2024A · The company itself

“Andel av intäkter 2024 Gruvor Vi levererar borriggar, bergborrverktyg och system, maskiner för lastning och transport, utrustning för tunneldrivning, kontinuerlig gruvdrift och mekanisk bergavverkning, krossning och sortering, service och hållbara lösningar för ökad digitalisering, automation, säkerhet och produktivitet hos kunderna .”

Annual report 2024A · The company itself

“Vårt fokus på detta område lönar sig, vilket blev tydligt under 2024. Gruvkunderna fortsatte att ha hög aktivitet under året vilket resulterade i en stark tillväxt för reservdelar, tjänster och förbrukningsvaror.”

Annual report 2024A · The company itself

“Exempel på detta var testerna av vår batterielektriska konceptrigg för ovanjordsborrning vid gruvbolaget miljarder kronor, inklusive Alleima.”

Annual report 2024A · The company itself

“Efterfrågan inom gruvsegmentet var stabil på en hög nivå, och en stark efterfrågan på reservdelar, tjänster och förbrukningsvaror kompenserade för lägre investeringar i gruvutrustning.”

Annual report 2024A · The company itself

“Råmaterial SSAB köper i huvudsak järnmalm från LKAB, Sverige, och priserna är länkade till marknadsindex.”

Annual report 2024A · The company itself

“Globala leveranskedja och tillgänglighet av råmaterial Stålproduktion kräver betydande mängder råmaterial, inklusive järnmalm, metallskrot, metallurgiskt kol, injektionskol, koks och legeringar. Om inte tillgången till råmaterial är säkrad kan det ha en negativ effekt på SSABs resultat.”

Annual report 2024A · The company itself

“SSABs inköpsfunktion arbetar för att diversifiera råvaruinköpen samt för att säkra råmaterialen som kommer att behövas för de framtida elektriska stålverken i Norden.”

Annual report 2024A · The company itself

“Luminant's lignite mining reclamation activity will require significant resources as existing and retired mining operations are reclaimed over the next several years. In conjunction with Luminant's announcements in 2017 to retire several power generation assets and related mining operations, along with the reclamation obligations at the closed Martin Lake mines and continuous reclamation activity at its continuing mining operations for its mines related to the Oak Grove generation asset, Luminant is expected to spend a significant amount of money, internal resources and time to complete the required reclamation activities.”

Annual report 2025A · The company itself

“We are very well-positioned as a leading provider of renewable energy to data center companies, particularly in the U.S., and to large mining companies outside the U.S.”

Annual report 2025A · The company itself

“AES Andes currently has long-term contracts with an average remaining term of approximately 14 years with unregulated customers, such as mining and industrial companies, mainly with pricing indexed to CPI.”

Annual report 2025A · The company itself

“Development Strategy — In Chile, AES is building wind, solar, and storage to supply AES Andes' agreements with its main mining customers. In total, the pipeline in Chile currently includes 5.5 GW under development at 18 | 2025 Annual Report different stages and geographical locations.”

Annual report 2025A · The company itself

“AES Colombia’s installed capacity accounted for approximately 5% of system capacity at the end of 2025.”

Annual report 2025A · The company itself

“The Greenbushes mineral reserve estimates with depletion from production from the effective date of the report through December 31, 2025 are summarized in the following table: Amount (‘000s metric tonnes) Grade (Li2O%) Probable mineral reserves: Open Pit 78,300 1.9% Stockpiles 400 2.3% Tailings Storage Facilities 1,100 1.4% •Amounts represent Albemarle’s attributable portion of mineral resources and mineral reserves of 49%. •Mineral reserves are reported exclusive of mineral resources. •Mineral reserves are reported on a dry basis •Mineral reserves are reported considering a nominal set of assumptions for reporting purposes: •Based on a selling price of $1,300/metric tonne for chemical grade concentrate (6% Li2O), and concentrate transport and selling cost of $44.4/metric tonne.”

Annual report 2025A · The company itself

“In 2016, MRL acquired the mine and upgraded the processing facilities and site infrastructure to 750ktpa spodumene plant producing 6% spodumene concentrate, completed in 2019. On October 31, 2019, we completed the acquisition of a 60% interest in this hard rock lithium mine project and formed an unincorporated joint venture with MRL, named MARBL. We formed MARBL for the exploration, development, mining, processing and production of lithium and other minerals (other than iron ore and tantalum) from Wodgina.”

Annual report 2025A · The company itself

“In the early 1960s, water with high concentrations of salts was discovered in the Salar de Atacama Basin. In January 1975, one of our predecessors, Foote Mineral Company, signed a long-term contract with the Chilean government for mineral rights with respect to the Salar de Atacama consisting exclusively of the right to access lithium brine, covering an area of approximately 16,700 hectares.”

Annual report 2025A · The company itself

“Albemarle Corporation and Subsidiaries We extract lithium brine from our Silver Peak site through substantially the same evaporation process we use at the Salar de Atacama. We process the lithium brine extracted from our Silver Peak site into lithium carbonate at our plant in Silver Peak.”

Annual report 2025A · The company itself

“Albemarle Corporation and Subsidiaries Safi, Jordan Our 50% interest in JBC, a consolidated joint venture established in 1999, with operations in Safi, Jordan, acquires bromine that is originally sourced from the Dead Sea. JBC processes the bromine at its facilities into a variety of end products.”

Annual report 2025A · The company itself

“In Magnolia, bromine is recovered from underground brine wells and then processed into a variety of end products at the plant on location.”

Annual report 2025A · The company itself

“Main customers are found in mining, quarrying, construction and wastewater.”

Annual report 2024A · The company itself

“The combined Nevada Power/Sierra Pacific service territory economy includes retail customers in the gaming, mining, recreation, warehousing, manufacturing and governmental service centers sectors.”

Annual report unknown yearA · The company itself

“The Crane Services group is a provider of mobile cranes and operators in North America and Australia with a combined fleet of approximately 1,000 cranes, primarily serving the energy, mining, petrochemical and infrastructure markets.”

Annual report unknown yearA · The company itself

“The Construction Industries product portfolio includes the following machines and related parts, services and worktools: · asphalt pavers · motor graders · track-type tractors (small, medium) · backhoe loaders · pipelayers · track excavators (mini, small · cold planers · road reclaimers medium, large) · compactors · skid steer loaders · wheel excavators · compact track loaders · telehandlers · wheel loaders (compact, small, · forestry machines · track-type loaders medium) · material handlers Resource Industries The Resource Industries segment is primarily responsible for supporting customers using machinery in mining, heavy construction and quarry and aggregates.”

Annual report 2025A · The company itself

“Optronics Technology, med huvudkontor i Oslo (Norge), är ett tek - nologibolag som utvecklar optiska gasdetektorer för olika industriapplikationer för kunder inom bland annat oljeoch gasmarknaden, marinmarknaden och gruvindustrin.”

Annual report 2024A · The company itself

“CONCEJO INDUSTRIER CONCEJO ÅRSREDOVISNING 2024 9 Optronics Technology Optronics, grundat 2018, är ett norskt bolag som utvecklar optiska gas detektorer för olika industriapplikationer, främst för olje- och gasmarknaden, marinmarknaden och gruvindustrin.”

Annual report 2024A · The company itself

“Bolaget ska enligt investeringsstrategin undvika förvärv av bolag verksamma inom olja, gas, kol, tobak, alkohol, betting, avancerad bioteknik, gruvor eller företag vars värde till stor del är beroende av råvarupriser eller andra exogena makrofaktorer och inte heller bolag som är utsatta för betydande politisk eller regulatorisk risk.”

Annual report 2024A · The company itself

“We sell our industrial engines to manufacturers of construction and agricultural equipment including Hyundai Heavy Industries, Komatsu Ltd. (Komatsu), J.C. Bamford Excavators Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd, Xuzhou Construction Machinery Group, Guangxi LiuGong Machinery Co., Ltd, JLG Industries, Inc. and SANY Heavy Industry Co., Ltd.”

Annual report 2025A · The company itself

“•Industrial - We design, manufacture, sell and support diesel and natural gas high-speed, high-horsepower engines up to 4,400 horsepower for a wide variety of equipment in mining, oil and gas, marine, rail and defense applications throughout the world. •Generator technologies - We design, manufacture, sell and support A/C generator/alternator products and components for internal consumption and for external generator set assemblers.”

Annual report 2025A · The company itself

“The project, located at the port of Wyndham in Western Australia, supports KMG’s iron ore export operations by providing barges for the existing transshipment operation, moving cargo from port facilities to barges and onward to ocean-going vessels.”

Annual report 2025A · The company itself

“Under the contract, NORDEN will transport bauxite on Panamax vessels from Expanding logistics capabilities globally These new projects reflect our strategy to move up the value chain by combining freight and logistics, strengthening customer relationships and generating more stable, longterm earnings. William Wallace, Head of Logistics, NORDEN the jetty to an offshore transshipment site, from where the cargo will be deployed onto Capesize vessels for onward shipment to China.”

Annual report 2025A · The company itself

“Vår produktion driver miljö- och klimatpåverkan genom brytning av jungfruligt material, som exempelvis järnmalm, tillverkning av produkter, transporter och sluthantering.”

Annual report 2024A · The company itself

“In addition, a number of areas within the Appalachian Basin have historically been subject to mining operations. For example, third parties may engage in subsurface coal and other mining operations near or under our properties, which could cause subsidence or other damage to our properties, adversely impact our drilling operations or adversely impact third-party midstream activities on which we rely.”

Annual report unknown yearA · The company itself

“FLSmidth today is a leading supplier to the global mining industry”

Annual report 2025A · The company itself

“Gold projects remain particularly active, with miners indicating a stronger outlook for gold compared to other metals. Short lead times continue to be essential for customers seeking to enhance recoveries and maintain high production rates.”

Annual report 2025A · The company itself

“During 2025, the products market continued to experience subdued market conditions, as uncertainty persisted regarding the timing of several larger scale mining projects. The products market remains subdued, with some clients expressing caution regarding investment in larger brownfield and greenfield projects.”

Annual report 2025A · The company itself

“In line with trends observed in the service market, activity within gold-related projects has demonstrated greater resilience compared to other metals, buoyed by a more positive outlook. Consequently, there is potential for smaller gold projects to materialise in the near-to-medium term.”

Annual report 2025A · The company itself

“The increase was primarily a reflection of a higher share of revenue from the Service and PC&V businesses and evidence of the positive impact of the de-risking strategy in Products business.”

Annual report 2025A · The company itself

“Demand for services remained stable and active, as miners continued to enhance their current operations and alleviate flowsheet constraints. Activity in the service market was consistent with prior periods, supported by sustained demand for performance-enhancing solutions that enable customers to capitalise on elevated metal prices, while simultaneously reducing operating costs.”

Annual report 2025A · The company itself

“The Pumps, Cyclones & Valves (PC&V) business delivered 12% organic growth in order intake in 2025, supported by a significant ramp-up of the commercial front end with increased presence at customer sites. Throughout 2025, the market for pumps, cyclones, and valves demonstrated resilience, supported by stable to modestly increasing production volumes and sustained high metal prices.”

Annual report 2025A · The company itself

“The increase was primarily a reflection of a higher share of revenue from the Service and PC&V businesses and the ceasing of the lower margin Non-Core Activities segment in Q1 2025.”

Annual report 2025A · The company itself

“Organically, revenue decreased by 1% compared to 2024. Total revenue decreased by 7% to DKK 14,612m in 2025, compared to 2024.”

Annual report 2025A · The company itself

“Luftforurening i Flüggers opstrøms værdikæde Under udvindingen af råvarer og ressourceomdannelsen i den kemiske industri er der en risiko for luftforurening. Brancher som minedrift og den kemiske industri, hvorfra en betydelig del af koncernens råvarer stammer, er energiintensive og afhængige af fossile brændstoffer, som input til produktionen, og kan derfor være forbundet med luftforurening.”

Annual report 2026A · The company itself

“Kundbasen är bred och diversifierad inom branscher som energi, medicinteknik, försvarsindustri, jordbruksmaskiner, returautomater och gruvdrift.”

Annual report 2024A · The company itself

“The mining process creates material for various needs, from which approximately 20–30% is for heater stones and the rest 70–80% for gravel or other stone-based material for example for construction use. The excess stone material from heater stone manufacturing is recycled back to the mining site or sold to local companies to be used for construction or landscaping.”

Annual report 2025A · The company itself

“Stones account for the biggest amount of resource inflow in kilograms with over 67% (70% in 2024) of total resource inflow weight.”

Annual report 2025A · The company itself

“Sydamerika redovisade 6 % organisk tillväxt, med stöd av en stark utveckling inom gruvdrift och Safety, Infrastructure & Geospatial, vilket dock delvis motverkades av en svagare efterfrågan inom lantbruk.”

Annual report 2024A · The company itself

“Den underliggande efterfrågan var fortsatt god på de flesta marknader, i synnerhet inom Marine Positioning, Mining Safety samt flyg och försvar.”

Annual report 2024A · The company itself

“Generell tillverkning följs av kundkategorierna Övrigt med 11 procent, Flyg och försvar 10 procent och Gruvdrift med 9 procent.”

Annual report 2024A · The company itself

“Many of these products are designed such that they can also be used in harsh and hazardous locations where a potential for fire and explosion exists due to the presence of flammable gasses and vapors. Harsh and hazardous products are primarily used in the oil and gas (onshore and offshore) and mining industries.”

Annual report 2025A · The company itself

“Geosense är en ledande tillverkare som er bjuder ett brett sortiment av geotekniska lösningar till infrastruktur-, bygg- och gruvindustrin. Produkterbjudandet består av instrument och sensorer som mäter lutning, tryck, belastning, förskjutning och temperatur tillsammans med automatiserade datainsamlingssystem.”

Annual report 2024A · The company itself

“Infrastructure & Construction Den 11 april förvärvades Geosense Ltd., Storbritannien, med en årsomsättning om 120 mkr. Geosense är ett tillverkande bolag som erbjuder ett brett sortiment av geotekniska lösningar till infrastruktur-, bygg- och gruvindustrin.”

Annual report 2024A · The company itself

“Our vacuum pumps and compressors are used in many power generation, mining, oil and gas refining and processing, chemical processing and general industrial applications including flare gas and vapor recovery, geothermal gas removal, vacuum deaeration, water extraction in mining and paper, and chlorine compression in petrochemical operations.”

Annual report 2025A · The company itself

“Förvärven stärker Nord-Lock Groups ställning i Kanada och bidrar positivt till det globala erbjudandet mot kunder inom primärt gruvindustrin, ett stort segment för affärsområdet. – Gruvindustrin är global och rätt standardiserad, maskinerna ser ofta likadana ut oavsett land.”

Annual report 2024A · The company itself

“• Epiroc har en stark position inom den attraktiva nischen gruvor i hårda bergarter, en väletablerad affärsmodell med betydande eftermarknadsverksamhet och branschledandelönsamhet. • Under 2022 rapporterade Epiroc rekordhöga order och resultat.”

Annual report 2022A · The company itself

“Exploration success continued at the Company’s highly prospective land package following completion of the largest annual drill program to date in the district since FDN’s discovery, with 80,057 metres drilled across the conversion, near-mine, and regional programs.  Results of the conversion program and exploration of the southern limit of the FDN deposit (FDNS) were incorporated in the geological and the mineral resource model and the updated estimate of Mineral Resources and Reserves for Fruta del Norte was announced on February 18, 2025.”

Annual report 2024A · The company itself

“The Company has the rights to mineral concessions targeted for exploration in Ecuador, outside of Fruta del Norte. The exploration for, and development of, new mineral deposits involves significant risks which, even with a combination of careful evaluation, experience and knowledge, may not be eliminated. Few exploration properties are ultimately developed into producing mines.”

Annual report 2024A · The company itself

“The Company’s operations can be subject to risks and hazards that are inherent in the mining industry, including, but not limited to, unanticipated variations in grade and other geological problems, underground conditions, backfill quality or availability, metallurgy, variability of ore types and other processing issues, critical equipment or process failure, the lack of availability of input materials and equipment, disruption to power supply, geotechnical incidents such as falls of ground underground, subsidence or landslides, accidents, labour force disruptions, supply chain/logistics disruptions, force majeure events, unanticipated transportation disruptions or costs, consumable prices or availability and weather conditions, any of which can materially and adversely affect, among other things, the safety of personnel, production quantities and rates, costs and expenditures, and contractual obligations.”

Annual report 2024A · The company itself

“About Lundin Mining Lundin Mining Corporation (“Lundin Mining” or the “Company”) is a diversified Canadian base metals mining company with projects or operations focused in the Americas and primarily producing copper, gold and nickel.”

Annual report 2024A · The company itself

“The principal raw materials used in the Specialties business are dolomitic limestone, magnesium-rich brine and magnesite. Management believes that its reserves of dolomitic limestone, brine and magnesite are sufficient to permit production at the current operational levels for the foreseeable future.”

Annual report 2025A · The company itself

“The center’s work has contributed to more sustainable and efficient filtration practices across industries - over 90% of Metso’s filters are part of the Metso Plus offering thanks to their energy, emissions and water efficiency. • Orders for the delivery of filtration technology to mining projects in Indonesia and India. These deliveries include a total of 22 fast-opening Larox® FFP3512 filters equipped with membrane technology, hole-less filter cloths, and corrosion-resistant components. These solutions enhance moisture reduction, operational efficiency, and sustainability.”

Annual report 2025A · The company itself

“DRI smelting can replace traditional blast furnaces used in iron and steel making, which generate most of the CO2 emissions in steel production. • Metso Plus orders included complete flotation flowsheet beneficiation and dewatering equipment for a copper-gold project in Pakistan, key equipment for the first greenfield copper concentrator of this scale in Australia, a portable plug-and-play High Pressure Grinding Roll (HPGR) circuit for gold operation in Australia, a comprehensive suite of minerals processing equipment for two strategic projects in Malaysia, key process equipment for high-grade gold projects both in Co-operative Republic of Guyana (South America) and Namibia (Africa), key process equipment for a greenfield iron ore concentrator plant and for a copper concentrator plant in Oman as well as orders for key process equipment for a greenfield critical minerals greenfield project in the US.”

Annual report 2025A · The company itself

“E3 Water and marine resources Metso’s operations can affect water resources, both directly at its manufacturing sites and indirectly through its equipment when used by customers. Water management is a growing challenge for mines and quarries because they are often located in water-scarce areas.”

Annual report 2025A · The company itself

“Metso offers various solutions to help reduce biodiversity loss in customer industries: • Tailings treatment and dry stacking • Process water treatment and biotreatment of mine waters • Stockpile remediation • Recyclability of spare parts and process media • Ore pre-sorting • Energy-, water-, and chemical-efficient processing • Liner and grinding media recycling • SOx capture in sulfuric acid production • Effluent quality-control analyzers • Low-energy and electrical equipment • Concentrator plants with small environmental footprints Metso has determined that most of its Metso Plus portfolio could help reduce the risk of biodiversity loss in customer operations.”

Annual report 2025A · The company itself

“Efterfrågan från metall- och gruvindustrin utvecklades positivt under året, med tillväxt i flera kvartal.”

Annual report 2024A · The company itself

“(E5-5-36-(a,c)) Composition of waste and waste streams The main waste streams come from Outokumpu’s ferrochrome operations, mining waste and waste from ferrochrome production, and from its stainless steel production sites. These include tailings sand, steelmaking dust, slag, sludges, oily waste, and scales.”

Annual report 2025A · The company itself

“Community development around own sites based on taxes paid, other funding and support initiatives (incl. sponsorships, school collaboration) Land related impacts Negative impact Potential Environmental degradation (water, air, soil, deforestation) of communities in supply chain Negative impact Potential Environmental degradation (water, air, soil, deforestation) around own sites Rights of indigenous people Negative impact Potential Violation of rights of indigenous people in the supply chain including land, forests and waters (S3-ESRS2-SBM-3-48-(a)) Outokumpu’s impacts on affected communities primarily stem from the nature of its core operations, stainless steel production and mining.”

Annual report 2025A · The company itself

“We operate production sites in Finland, Germany, Sweden, the Netherlands, the United States, and Mexico whilst our mine in Kemi, Finland is the only chrome mine within the European Union. In 2025, Outokumpu’s revenue was EUR 5.5 billion.”

Annual report 2025A · The company itself

“Utveckling av en HW/SW-plattform för en världsledande aktör inom gruvindustrin.”

Annual report 2024A · The company itself

“RAILCARE TECKNAR FEMÅRIGT AVTAL MED LKAB MALMTRAFIK [Q4] Johan Elveros har utsets till ny CFO på Railcare LKAB Malmtrafik tecknar et femårigt avtal med Railcare gällande rågodstransporter under perioden 2025-2029. Avtalets värde beräknas till 70 MSEK per år, totalt 350 MSEK. I avtalet ingår dessutom en option för LKAB at förlänga avtalet i yterligare tre år till et potentiellt värde av 210 MSEK.”

Annual report 2024A · The company itself

“maskiner, eftersom vakuumtekniken och dess kapacitet Bland transportverksamhetens privata kunder återfinns gruvbolag samt andra bolag som har behov av tillförlitliga transporter av tung och värdefull last, exempelvis Kaunis Iron och LKAB, där Railcare utgör en viktig del i logistikkedjan.”

Annual report 2024A · The company itself

“SELVITYS MUISTA KUIN TALOUDELLISISTA TIEDOISTA Robit valmistaa ja myy kallio- ja maaporauksen kulutusosia kansainvälisesti kaivos- ja rakennusmarkkinoille.”

Annual report 2025A · The company itself

“Kaivosmarkkinat hyötyivät vuoden 2025 aikana nousseista metallien maailmanmarkkinahinnoista, minkä seurauksena aktiviteetti oli läpi vuoden maailmanlaajuisesti korkealla tasolla.”

Annual report 2025A · The company itself

“Major markets served by all segments consist of discrete end markets (e.g., Automotive including Electric Vehicle and Battery, Semiconductor, and e-Commerce & Warehouse Automation), hybrid end markets (e.g., Food & Beverage, Life Sciences, and Tire), and process end markets (e.g., Energy, Mining, and Chemicals).”

Annual report 2025A · The company itself

“Sotkamo Silvers huvudprojekt är en silvergruva i Sotkamo, Finland. Utöver silver producerar gruvan guld, zink och bly. Malmerna bearbetas till koncentrat som säljs till smältverk i enlighet med ett leveransavtal.”

Annual report 2024A · The company itself

“Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America based on estimated steelmaking and steel coating capacity of approximately 16 million tons and actual metals recycling volumes as of December 31, 2025, with one of the most diversified product and end market portfolios in the domestic steel industry, combined with a meaningful downstream steel fabrication platform.”

Annual report 2025A · The company itself

“Nästan allt material som används till produkterna utgörs av nytt material. Utvinningen av dessa material kan medföra en negativ påverkan på människa och natur.”

Annual report 2024A · The company itself

“Direkta påverkansfaktorer som leder till förlust av biologisk mångfald Negativ påverkan U Inköp av råvaror, inklusive metaller, kan ha negativ inverkan på ekosystemen. Till exempel kan inköp av metall, glas och timmer påverka miljön på olika sätt, särskilt genom gruvdrift och extraktionsprocesser.”

Annual report 2024A · The company itself

“Mineralbrytning kan påverka vattnet i flera delar av brytningsprocessen, vilket kan påverka både tillgången till färskvatten samt vattenkvaliteten.”

Annual report 2024A · The company itself

“Konsernin kaikista louhoksista louhitaan yhteensä keskimäärin noin 70 000 kuutiometriä vuolukiveä vuosittain. Tästä noin 12 000 - 20 000 kuutiometriä päätyy kolmelle vuolukivitehtaalle.”

Annual report 2025A · The company itself

“Vuolukiviraaka-aineen hallintaan liittyvät riskit Vuolukiviraaka-aine on luonnonmateriaali, jonka ehjyys, tekstuuri ja saantoprosentti vaihtelevat louhoksittain. Raaka-aineen laatu vaikuttaa valmistuskustannuksiin.”

Annual report 2025A · The company itself

“Toiminnan ympäristönäkökohtia Vuolukiven irrottaminen tapahtuu sahaamalla. Irrottaminen ei vaadi kemiallista käsittelyä, eikä louhinnassa käytetä kemikaaleja.”

Annual report 2025A · The company itself

“Gruvindustrin har under året gått bra, mycket pådrivet av reparations- och underhållsaktiviteter.”

Annual report 2024A · The company itself

“For Veidekke ligger den største ressursbruken og negative påvirkningen oppstrøms, i utvinning av råvarer og produksjon av innsatsvarer. I tillegg utvinner Veidekke førstegangsressurser som pukk og grus gjennom et eget forretningsområde.”

Annual report 2024A · The company itself

“The mining industry remains strong, and we expect this to continue. Geopolitical tension, electrification, and awareness of their own sourcing vulnerability has made western countries focus on self-sufficiency and domestic production of metal, minerals and rare earth metals. It implies more focus on investments in the mining industry.”

Annual report 2024A · The company itself

“Our iron ore mine customer, Tilden, is exempt from this 10% cap based on current law, but Tilden is required under a long-term agreement to purchase electric power from UMERC through March 2039. In addition, certain load increases by facilities already using an alternative electric supplier can still be serviced by their alternative electric supplier, when various conditions exist, even if the cap has already been met.”

Annual report 2025A · The company itself

“Industries such as mining, logistics and packaging, particularly in regions with weaker labor protections, present inherent risks related to working conditions, health and safety, fair wages, and fundamental labor rights.”

Annual report 2024A · The company itself

“Investeringar inom gruvor och i den petrokemiska industrin bedöms gynna efterfrågan för divisionens utrustning på sikt.”

Annual report 2024A · The company itself