Finance Atlas Copco legacy mining equipment. Underground drill jumbos, rock tools, and surface drill rigs still running in active mines. New and used. Quotes in 24 hours.
There is a lot of Atlas Copco iron still running in North American mines. The COP (rock drill) series, the Boomer development jumbos, the ROC surface drills, and the Simba longhole production drills that Atlas Copco produced before the 2018 spin-off of Epiroc remain active in underground operations from Nevada to Alaska. Operations that run these machines for years, sometimes decades, have specific financing needs: refinancing existing paid-off units, acquiring additional legacy units from secondary markets, or structuring fleet deals that mix Atlas Copco heritage models with newer Epiroc replacements.
Atlas Copco as a parent company retained its compressed air and power technique businesses post-spin-off. The mining and rock excavation product lines, which include what most operators think of as Atlas Copco drill equipment, became Epiroc. So financing Atlas Copco mining equipment in practice means financing machines manufactured before 2018 under the Atlas Copco brand, or current Epiroc equipment that is the direct successor to those lines. We handle both.
Our lenders who are experienced withEpiroc equipmentare equally comfortable with Atlas Copco predecessors. The engineering heritage is the same, the parts networks are largely common, and lenders who understand one know how to value the other. We finance legacy Atlas Copco jumbos, ROC surface drills, Simba longhole drills, and Scooptram loaders alongside current Epiroc product. We also handle deals that include a mix of the two in a single fleet package.
Atlas Copco in Context: The Brand Transition and What It Means for Financing
For buyers and lenders, the Atlas Copco-to-Epiroc transition creates a question about continuity. The answer is straightforward: Epiroc manufactures the successor to every Atlas Copco mining product line, uses the same dealer and service network in most markets, and continues to supply parts for Atlas Copco legacy machines. This continuity matters for residual value. An Atlas Copco Boomer M2 C manufactured in 2016 is essentially the same machine as a 2019 Epiroc Boomer M2 C with a different badge. Lenders who know this do not heavily discount Atlas Copco units simply because of the brand change.
For operations that run legacy Atlas Copco machines and are considering fleet expansion or replacement, the natural next step isEpiroc. We can structure deals that refinance existing Atlas Copco units while simultaneously financing new Epiroc replacements, which can be an efficient way to manage the fleet transition without a large cash outlay. We have done these combination structures before and can walk you through the mechanics.
Operations that runSandvikequipment in the same fleet as Atlas Copco or Epiroc units are common in underground hard rock mining. Sandvik and Atlas Copco/Epiroc have historically competed closely in the underground development and production drilling market, and many operations carry both brands. We finance mixed-brand fleets without requiring separate applications per unit when the deal makes sense as a package.
What Atlas Copco Equipment Qualifies for Financing
Legacy Atlas Copco underground equipment in working condition with documented maintenance history qualifies for financing through our financing desk. The key variables are the unit's operational status, the hours on major components, and the availability of service records. A 2010 Atlas Copco Boomer with a recent rebuild and full component documentation is a financeable asset; the same machine with unknown history and deferred maintenance is a harder conversation.
Surface drills under the Atlas Copco ROC and FlexiROC brands (now Epiroc SmartROC and FlexiROC) are also eligible. These machines work in quarry and surface mining applications where the secondary market is reasonably active. Documented units in known operational environments trade and finance well.
We set a $50,000 minimum transaction floor. Application-only financing up to approximately $400,000 requires no financial statements, only a credit application and unit details. Above that level, three months of business bank statements are standard.Used mining equipment financingfor legacy Atlas Copco units follows the same documentation path as any used heavy equipment transaction, with the addition that lenders may ask for a current inspection to confirm operational status if the unit has not been recently active.
Purchase, refinance, and sale-leaseback structures are all available. An operation sitting on paid-off Atlas Copco iron can use aSale-Leaseback Financingto pull equity from those assets without taking them out of service, which can fund equipment upgrades, working capital, or other operational needs without displacing production.
Legacy Atlas Copco in Active North American Mining Operations
Underground operations in Nevada's gold belt aroundElkoand Winnemucca have historically run Atlas Copco underground drill equipment through multiple contract cycles. The Carlin Trend's underground mines, which went deeper over the 2000s and 2010s as surface ore was exhausted, built out development and production drilling fleets that included substantial Atlas Copco content.
In the Silver Valley of Idaho, aroundKellogg, long-running underground silver and lead-zinc mines have maintained Atlas Copco equipment through decades of continuous operation. These machines have accumulated maintenance histories that represent genuine collateral support for financing.
Alaska's hard rock gold operations aroundJuneauandFairbanksare among the most active users of underground drill equipment in North America, and Atlas Copco heritage machines are common in those operations. Financing equipment in Alaska adds logistical considerations around parts supply and technician availability, but the core deal structure is the same as any other geography.