Park Village Auctions (PVA) has been solely mandated to realise the assets of Finsch diamond mine, one of South Africa’s major diamond mining operations, which is in business rescue.

Following adoption of the business rescue plan, the joint business rescue practitioners have appointed PVA as the only disposal agent for this mandate.

The assets on offer span underground, processing, engineering and support infrastructure built up over decades of operation at the Lime Acres site.

“This is an exceptional opportunity for local and international buyers to acquire high-calibre mining infrastructure, specialised processing plants and an extensive mobile fleet,” says PVA representative John Taylor.

The significant scope includes earthmoving and mining machines, a complete fixed process plant with crushing and reduction equipment, an extensive conveyor network, fully equipped workshops, a large spares and stores inventory, electrical infrastructure and specialist equipment.

Underground includes concrete batching and crushing installations, dewatering pumps and a full trackless mobile fleet including drill rigs, load-haul-dump machines and utility vehicles.

“This is one of the largest and most complex mine asset disposals we have undertaken. Given the scale and the phased nature of the release, registering early is the only way for buyers to stay ahead of each announcement as it happens,” Taylor stresses.

PVA has confirmed a phased programme that will release the assets to market as cataloguing, recovery and clearance progress.

Sales will run through various auction formats over the coming months, including on-site, webcast and timed auctions, as well as invitations to submit offers.

Sales already scheduled cover the mobile fleet, workshops, stores, yards, the fixed process plant and the fixed underground plant.

Further releases will follow, including electrical infrastructure, additional stores and yard stock, and underground assets as they are recovered to surface.

Viewing is by appointment only, with identification and personal protective equipment required.

Underground access, where offered, requires mine safety induction arranged by the mine.

Interested parties can visit PVA’s website to sign up to receive asset schedules, photograph packs and viewing information immediately as announcements are issued.