Global engineering, procurement and construction company Bechtel has chosen Latin American equipment remarketing experts Elebbre to manage an auction of its equipment from a major mines’ expansion and desalination plant construction – all underpinned by the latest auction technology from Krank.

The expansion of the world’s largest copper mine in northern Chile has prompted a renewal of a proportion of the mobile fleet based there, resulting in a surplus of used construction equipment for the mines’ expansion operators. The task of managing the sale of equipment such as dump trucks, boom trucks and cranes for one of the world’s top five construction companies – Bechtel – has fallen to Latin American equipment experts Elebbre.

The sale of the machines is to be by auction with Elebbre adopting the latest online marketplace platform from UK-based SaaS provider Krank. Using the Krank platform means Elebbre can manage the entire auction and sale process itself, rather than having to rely on the support of third-party auction houses.

The platform connects construction and mining industry peers by providing a solution for building networks and connections, via which new and used equipment can be remarketed. Its platform is being used by major equipment OEMs, rental companies and others with equipment fleets, and gives users access to a network of high-intent buyers, which helps to convert into sales faster, with reduced costs and improved revenues, according to Krank.

Elebbre’s co-Founder and General Manager, Moisés Nunez, said: “The Krank platform has been customised to our needs and provides a seamless trading experience for ourselves as sellers, and for our buyers. It will be a key component in achieving favourable market prices for these assets, maximising transparency in the negotiation process and accurately valuing assets, via certified inspection methodologies and reporting.”

Krank founder and CEO, Mark Turner, said: “Elebbre has a strong reputation for using the most innovative thinking for the commercialisation of equipment in Latin America; combining technology with extensive experience in the mining, agriculture and transport sectors. It’s therefore no surprise that such a globally respected mining support giant such as Bechtel has entrusted the sale of its equipment to Elebbre. Adding in our platform to this mix allows Elebbre to independently trade heavy equipment under its own brand, run its own timed and live video auctions and facilitate greater customer engagement.”