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Mining Auctions

Mining auction changes provide room for growth

By: Khutso Maphatsoe     1st March 2019 Changes in auction rules with regard to mining have led to enhanced participation in the auction process and have provided a fillip for the auction process that has resulted in more mineral blocks being auctioned successfully, says auction house Riley Auctioneers director Kwanele Boltina. These... 

Online auctions an alternative option for mining companies

By: Khutso Maphatsoe     1st March 2019 More mining companies are seeing the benefits of selling their assets using an online process, says auction house GoIndustry Dovebid associate director John Taylor. The selling of assets can be done through an online auction, a sealed bid or a private treaty event. GoIndustry Dovebid offers a... 

Online auctions an  alternative option for mining companies
ASSETS Online auctions enable mining companies to sell their assets without having to move to a centralised auction yard, saving on transport and labour costs.

Auctions an efficient way to generate cash, reduce costs

By: Nadine James     1st March 2019 The term mining auction refers to a range of disposals in the mining sector, including the disposal of scrap and/or surplus yellow equipment, assets from business rescue and/or liquidation, and the disposal of mining concessions, explains Hogan Lovells partner Nicholas Veltman. The primary... 

Auctions an efficient way to generate cash, reduce costs

Mines can save equipment costs through auctions

By: Khutso Maphatsoe     1st March 2019 Based on yearly auction sales, mines have proven to be motivated and realistic sellers, where there are bargains for buyers who are willing to put a little effort into fixing something that they have bought at an auction, says auction house Aucor Auctioneers mining expert Charles Neser.  “There... 

Mines can save equipment costs through auctions
CHARLES NESER Mining auctions are vibrant and well attended by buyers and suppliers in the mining industry
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