Online Mining Auction Industry Booms
In a year characterized by cost pressures and commodity price decreases, 2015 was remembered by many in South Africa’s struggling mining industry […]
Posts by Clear Asset:
Botswana mines adopt South African online auction mechanism
In a first for Botswana, major mines are now using online auctions to offload unwanted assets and recover revenue. This comes following the extensive success online auctions have experienced in South Africa.
Online auctions becoming single biggest platform for trading mining assets
Strategies within the local mining sector have shifted drastically over recent years. With continued challenges within mines houses, many companies have been forced to move their focus away from growth and expansion to that of efficiency and cost control.
Online auctions continue to grow as yet another physical auction scandal unravels
With recent headlines focused on yet another physical auction scandal, this time championed by billionaire Ivor Ichikowitz, questions are being asked around the traditional auction mechanism and how secure it is against ‘ghost’ and ‘vendor’ bidding.
SA’s largest construction equipment auction achieves sales of over R52 million
South Africa’s largest online construction equipment auction in recent years took place this month following the liquidation of a subsidiary of Protech Khuthele Holdings, Pela Plant.
Liquidation of major subsidiary leads to one of SA’s largest construction equipment auctions
Following the liquidation of Pela Plant, a subsidiary of Protech Khuthele Holdings, an extensive selection of assets will soon go under the hammer.
South Africa’s major mines continue extensive disposal of redundant equipment
Maintaining momentum of fiscal prudence and freeing up working capital, South Africa's major mines continue to proactively dispose of redundant assets.
Mines back up and running and commencing with stock clean up
With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.
Leading Online Mining Auctioneering Company Enters Agricultural Sector
Clear Asset, currently representing most major mines and contractors in South Africa, quickly entrenched themselves in the mining sector taking to auction a wide selection of used mining and plant equipment. The company achieved a first for South Africa when they successfully sold a 3,300-ton dragline machine valued at over R1billion new. The company currently represents the likes of Anglo American, Sibanye Gold, Glencore, Exxaro, Rockwell, Diesel Power, Genet, Anglo Gold Ashanti and other mining giants.
Leading Online Mining Auctioneering Company Continues to Break Ground
Representing most major mines in South Africa, Clear Asset continued to break ground taking a wide selection of assets to auction while providing full due diligence, images, specifications and service history per asset (where possible) in an effort to remove the uncertainty often related to auction purchases.
Key mining houses look online to sell variety of assets
Exxaro, Harmony, Anglo, Diesel Power and SA Taxi will take a variety of assets to auction during late July. The assets will be sold via a leading online mining auctioneering platform.
Online mining auctions surge ahead as mines and bidders alike support the platform
With stock from leading coal miner Exxaro, diamond miner Rockwell, various prime assets from Anglo Gold Ashanti and coal contractors Genet & Diesel Power, online auctions continue to offer monthly opportunity in 2nd hand equipment into Africa and Internationally. With another auction scheduled for 22 May, the demand for the online mining auction platform is growing swiftly.