Development of mineral deposits located at significant depth may be carried out by means of vertical shafts. Shaft sinking technology usually requires a number of works to be carried out, including the selection of appropriate excavating techniques adapted to geological and hydrological conditions, including natural hazards. The production technology and the machines used determine the level of sinking costs and execution period. The article discusses the excavating technologies currently used across the world. Then the assumptions, concept and construction of a new generation of shaft sinking system were presented. The proposed new solution of the system and the excavating technology allow for parallel execution of key processes related to winning, loading, transport and shaft wall-side lining, which significantly increases the progress of sinking. The shaft sinking system was created by scientists from AGH in cooperation with KOPEX – Przedsiębiorstwo Budowy Szybów S. A. and Instytut Techniki Górniczej KOMAG.