Tag Archives: Emeco

Ritchie Bros to auction EMECO’s excess mining equipment

Mining equipment, Mining services, , , , , , , , , , , ,

Ritchie Bros. has entered into an agreement to deliver excess mining equipment dispersal services to EMECO, collaborating with the mining services supplier to deliver what it says is competitive integrated sales and marketing solutions for the sale of heavy earthmoving equipment.

EMECO is one of Australia’s largest, independent mining equipment rental businesses, providing tailored earthmoving equipment solutions for mining companies – with operations in key mining regions of Australia.

With this joint agreement, EMECO has received a dedicated storefront on Ritchie Bros. IronPlanet, a custom branded seller page that includes EMECO listings for sale. Assets will either be sold via both Marketplace-E and IronPlanet auctions with the approach tailored to deliver the optimal result, Ritchie Bros. says.

Ritchie Bros. Sales Director, Finlay Massey, said: “We are pleased to be working in collaboration with EMECO to deliver innovative solutions to the dispersal of excess assets. With a shared focus on asset solutions, this agreement is the foundation for a strong partnership and complements our efforts to diversify our sales solutions.

“We are uniquely positioned to deliver EMECO with our substantial resources, industry expertise and extensive buyer database to maximise the return on sale of surplus EMECO assets.”

EMECO Steve Crofts, GM HME Disposals, said: “We have been in the mining business for 50 years providing heavy earthmoving equipment to mining companies and contractors across coal, gold, copper, bauxite and iron ore. We are pleased to start selling surplus assets through Ritchie Bros. to the global mining industry.

“Ritchie Bros.’ multichannel sales approach will allow us to sell equipment when, how, and where, we choose.”

EMECO carries out a comprehensive scope of work from its component and rebuilding company, Force Equipment, to its line boring company, Borex, and underground mining services company, Pit N Portal.

EMECO says its operations are supported by close to 1,300 employees equipped with proprietary asset management and fleet optimisation technology and more than 1,000 units of heavy equipment in various quality brands such as Caterpillar, Hitachi, Liebherr and Komatsu.

Pit N Portal equips refurbed Sandvik UG rig with Minnovare Production Optimiser

Equipment maintenance, Mine operation news, Mining equipment, Mining maintenance, Precious metals, , , , , ,

Emeco-owned Pit N Portal says it has recently rolled out a freshly rebuilt Sandvik DL421 underground drill rig equipped with Minnovare’s Production Optimiser™ technology for use at the Marvel Loch gold operations in Western Australia.

The 10-week build at Pit N Portal’s purpose-built complex in Perth, Western Australia harnessed the collective skills of its specialist tradespeople, headed up by Phil Lipscomb, Workshop Manager.

In addition to the complete overhaul, the unit was fitted with Production Optimiser, which improves drilling accuracy, speed and QA/QC – resulting in optimal drilling patterns and improved stope performance, Pit N Portal said. “The flow-on benefits to the mine include reduced average dilution, increased recovery (reduced bridging) and a faster stope cycle time.”

The Sandvik DL421 is an electro-hydraulic, longhole drill rig engineered for large-scale production drilling in underground mines. It is designed for vertical and inclined plane rings and fans, as well as parallel long production holes and long single holes with a diameter of 64-115 mm, and a depth of up to 54 m, Sandvik says.

Pit N Portal enters open-pit mining services space with Red 5 Great Western contract

Mineral processing, Mineral project development, Mining services, Precious metals, , , , , , , ,

Red 5 Ltd has reported an updated resource and maiden reserve estimate for the Great Western gold deposit in Western Australia, at the same time as confirming Pit N Portal, a division of Emeco, will contract mine the open-pit asset.

A satellite deposit located around 55 kms from Red 5’s Darlot gold mine and processing facility, Great Western now comes with a measured, indicated and inferred resource of 870,000 t grading 2.5 g/t Au for 70,300 oz of contained gold. The maiden proven and probable reserve totals 437,500 t at 2.5g/t Au for 35,424 oz of contained gold.

Based on a proposed mining rate of between 30,000-40,000 t/mth of ore, the open pit is expected to be completed over a period of around 13 months, with plans to then access the underground orebody via a portal at the base of the pit, Red 5 says.

The company expects to commence open-pit mining in January with Pit N Portal, with ore from the open-pit operation processed at the existing 830,000 t/y gravity and carbon-in-leach Darlot processing facility (pictured).

Red 5 says studies are already underway for the commencement of underground mining following completion of the open pit.

Steve Versteegen, CEO of Pit n Portal, said: “We are thrilled to be continuing our partnership with Red 5 on this project, and also entering the open-cut mining services space with a long-term customer.

“This project allows Pit N Portal to perform the open-cut operations for Darlot gold mine and provides an opportunity for Pit N Portal to continue with Red 5 when it reviews the potential for an underground option accessed via a portal at the base of the pit.”

Emeco secures more haul trucks, dozers in effort to even supply-demand balance

Equipment maintenance, Mining equipment, Mining finance, Mining services, , , , ,

Emeco Holdings’ confidence in the market has led it to investing in a large package of “strategic core assets” comprising mainly 240-t haul trucks and Cat D10 (pictured)/D11 dozers, the company said in its latest financial results.

The company, in 2018, acquired Matilda Equipment for an enterprise value of A$80 million ($57 million) and has since been working hard on integrating the rental specialist into the group.

Emeco saw strong growth in the first half of its financial year to end-2018, with operating earnings before interest, taxes, depreciation and amortisation of A$102.8 million, up from A$67 million a year earlier.

The company put this down to a full contribution from Force Equipment – which Emeco also acquired recently – and Matilda Equipment, continued improvement in average operating utilisation to 64% (up from 57% a year earlier) and strength in the Eastern Region, particularly coal mining customer demand.

Emeco has paid a A$20 million deposit to secure this haul truck and dozer fleet, with the recently acquired Force Equipment workshops playing a pivotal role in getting these assets ready for work.

“Emeco currently has very high utilisation in these asset classes – demand outweighs supply,” it said, adding that rental agreements were in place for a majority of these assets prior to them arriving in Australia.

Delivery and preparation of these assets is expected to occur throughout the second half of 2019, with earnings contribution expected in its 2020 financial year, the company said.