Mining asset sales coming up

● More mining companies are choosing to sell their mines or mining assets via auction, a sealed bid or a private treaty event, says John Taylor, associate director at asset disposal specialists Go Industry Dove Bid SA.

The company has at least six mining auctions coming up in the next two weeks, with four more in the pipeline. These involve big players in the mining or construction sector such as Foskor in Phalaborwa, Black Mountain Mining, Assmang Khumani Iron Ore, Naauwpoort Industrial & Mining Salvage Industries and Mitsubishi Hitachi Power Systems Africa, to name a few.

Taylor says: “We offer a large suite of services, which includes complete asset disposal, management, valuations as well as waste and scrap facilities management. Our asset disposal process is completely transparent and auditable, which is proving a major success with various mining houses in Southern Africa.”

He says his company has developed its offering by advising and managing due diligence processes when it comes to selling complete mining assets, whether it be a distressed sale or a corporate disposal.

Herman Liversage, a mining specialist and associate director of Go Industry Dove Bid SA, says online auctions provide a sales platform that is cost-effective for the seller as they allow for assets to remain at locations without the need for costly transport and labour to move them to a centralised auction yard. This is also convenient for buyers as they can bid from the comfort of their business premises.

Visit the website at www.go-dove.com/southafrica. Alternatively, contact John Taylor on 082-416-3883 or john.taylor@liquidityservices.com, or Herman Liversage on herman.liversage@liquidityservices.com or 082-452-8811.