https://www.miningweekly.com

Sentula starts R300m Megacube equipment disposal

8th January 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – JSE-listed Sentula on Tuesday said it would auction off the remaining movable equipment of its now-closed subsidiary Megacube Mining.

The mining services provider and coal miner aimed to monetise Megacube’s plant and equipment through outright disposals, trade-ins and redeployments within the group 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, with an estimated book value of R300-million and representing 19% of Sentula’s property, plant and equipment, for sale at an unreserved public auction starting March 20.

The final list of equipment was still to be agreed between the parties.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Projects

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

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:0.649 0.685s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: