https://www.miningweekly.com

Sentula, auctioneer agree to R266m book value for Megacube equipment

18th January 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed Sentula on Friday said the book value of now-closed subsidiary Megacube Mining’s remaining movable equipment had been agreed at R266-million.

The mining services provider and coal miner aimed to auction much of Megacube’s plant and equipment after the loss-making mining services subsidiary ceased operations during the six months ended September 2012.

Ritchie Bros Auctioneers was expected to offer the equipment for sale at an unreserved public auction starting March 20.

The final list of equipment, which was initially estimated to have a value of R300-million, was still to be agreed between the parties.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Latest News

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
Updated 4 hours ago

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.087 0.124s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: