Exxaro, Harmony, Anglo, Diesel Power and SA Taxi are auctioning a series of mining assets during late July. The assets will be sold via Clear Asset, a leading online mining auctioneering platform. Clear Asset says it “continues with its growth trajectory of securing institutional stock directly from the mines. This is affording smaller mining sector players, foreign buyers and refurbishing companies a fair opportunity to access reputable assets with maximum ease and efficiency.”

Ariella Kuper of Clear Asset stated: ”Bidders can expect extensive purchase opportunities – whether it be scrap or complete prime condition yellow metal assets.” This particular auction brings a selection of prime railway scrap from Harmony, P&H component parts from Anglo Coal, electrical cables, runner and non-runner mini busses from SA Taxi as well as complete assets from Anglo Kumba Iron Ore (Thabazimbi), Diesel Power, Afrimat, Genet and Rockwell. Assets to go under the digital hammer include, inter alia, Bell B40D ADTs, Cat 966D and 938G wheel loaders, Volvo L180E Ingersoll Rand ECM635 drill, Atlas Copco DM30 drill, Bell B25B water bowser, Rham roof bolters, and Toyota Quantums and Land Cruisers.

In addition, a working barge will also be offered on auction. The barge weighs 32 t and is currently located on the quayside in Durban. Featuring five watertight compartments, the barge has an overall length of 22 m with a 7 m beam and 1.5 m depth. The auction for this and the other assets is now live and ends on 31 July.

Clear Asset adds: “As mines continue to offload idle and redundant stock in an effort to free up working capital, companies offering a structured disposal program are being taken seriously as both buyers and sellers want solutions that maximise returns for the creditors, whilst ensuring attractive purchase opportunities on the buying side through fair and transparent processes.”