The auction comes following a full review of plant equipment by MCC Plant in line with a strategic move by the company to undertake bold steps to realign its portfolio and core outlook of the business.
In mid-2016, it was confirmed that enX Group acquired Eqstra Holdings’ industrial equipment and fleet management divisions. The aim of the deal was to enable the recapitalisation of Eqstra’s contract mining division and MCC Plant.
In the current mining environment where being nimble and lean is key to medium – and long-term growth and sustainability – MCC Plant has reviewed its plant and decided to dispose of non-core or surplus yellow metal.
With this strategic move by management, the company has committed in excess of R70 million of prime CAT, Liebherr, Terex and Komatsu equipment to an online auction.
The stock will be up for sale on 30 March, closing 15h00 South African time and includes an extensive array of dozers, excavators, ADT’s, graders, drill rigs, shovels, telescopic forklifts and rock trucks.
“With an upturn evident in new projects across Africa, Australia, Canada and South America, combined with commodity prices gaining traction and a new strength of sentiment witnessed post the Mining Indaba, the timing of this auction is ideal,” says Ariella Kuper, MD of online auctioneers Clear Asset.
“A turnkey solution of credible information and salient comments on condition combined with estimates on transport and shipping, offers foreign buyers a level of comfort that encourages their participation in a sale of this nature,” concludes Kuper.
Interested parties should visit: https://www.clearasset.co.za/auction
Featured image credit: MCC Plant