ESG budgets can be balanced efficiently with A.M. KING’s ‘Choose to ReUse’ initiative
Reaching sustainability and decarbonization goals in the long term is a call to action for all, but achieving near-term goals in the now can be a daunting task for extractive industries.
A.M. KING, one of the world’s largest brokers of pre-owned processing and mining equipment, has been providing mining solutions for clients and end users for 40 years, starting in dismantling of complete process plants and expanding to buying, selling and helping their clients relocate extraordinarily oversize equipment around the globe.
Its suite of products grow year after year and can provide a kick-start to companies’ working towards environmental, social and governance (ESG) mandates — this year.
A.M. KING’s model provides economic value to customers by offering lower priced premium assets with a faster time to production and creates a unique opportunity to positively impact the planet.
Video: watch: A.M. KING’s 2022 memories
The company’s ‘Choose to Reuse’ initiative positions it as a leader in assisting mining operations in supporting their ESG goals by buying and selling surplus mining equipment as repurposing equipment is key to building a more sustainable mining future.
A.M. KING is transforming the surplus mining equipment market to enable a more sustainable mining future, while also holding true to its core mission to bring total transparency, structure, and aftermarket confidence to the surplus marketplace. This works for clients on both ends of the spectrum – those wishing to sell surplus equipment, make money on idle assets to use for other projects, or buy surplus equipment – can save money on procuring recycled process equipment and use those funds for priority projects.
“Almost no where will you find ESG protocols that save or make your company money. The two things are not aligned. ESG normally equals additional costs and processes,” says Albert King III.
“At A.M. KING, we are striving to help our clients do both. Do our part to protect the environment and bolster our clients balance sheet,” King says. “This ESG push around the world has brought a new light to utilizing surplus equipment. There is ESG value for both clients when you’re actually recycling equipment as a seller and you’re using recycled equipment as a purchaser.”
The company both repurposes unused assets purchased by customers from major OEM suppliers A.M. KING purchases or brokers these assets and sells to just about every size and type of mining company.
Video: watch AMK Africa 18C-OT03
Compelling cost savings that can be attained using unused or recycled equipment and noted the impact of repurposing or upcycling a major process equipment: 1,250 HP (919 kW) crusher can save over 300 Metric Tons of CO2 while a 6,300 HP (4,750kW) SAG Mill can save over 825 Metric Tons of CO2. Not a small environmental savings for one piece of equipment, especially with A.M. KING’s clients looking for ways to bring “supply chain ESG” to their global operations as quickly as possible to meet their mandates.
Purchasing a complete plant from the company’s inventory, such as a complete turn-key solution like A.M. KING’s 13K TPD Heap Leach Plant (18C-SAP01, or their 35,000 TPD Unused Concentrator (18C-GM01), the company strives to manage the most comprehensive inventory to suit any size or type of project, shipped to location, and assembled onsite can save up to tens of millions of dollars in engineering and procurement costs, but also notes that in those cases the carbon emission savings could be immeasurable.
“We now are seeing customers ask what the carbon footprint is of installing a new crusher,” says Scott Pfeiffer, managing partner at A.M KING.
“We can provide support to a company’s ESG targets by offering pre-owned equipment to reduce their carbon footprint for new projects as well as supporting a company’s goals to recycle their surplus equipment and support the circular economy.”
A.M KING offers brokerage services to mining companies to advise and sell their surplus equipment.
“It takes both buyers and sellers to truly create a sustainable mining industry and AM KING is making that possible. It saves the mining projects capital costs and provides return on investment to the sellers. How often do you save money by meeting your ESG goals? This is what we’re trying to share with the mining community — it’s a win- win-win for the buyers, sellers and the environment,” says Pfeiffer.
Excellent way to make use of what has not become productive anylonger or has been put to waste in times of downfall of the interests.