Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
With stock from leading coal miner Exxaro, diamond miner Rockwell, various prime assets from Anglo Gold Ashanti and coal contractors Genet & Diesel Power, online auctions continue to offer monthly opportunity in 2nd hand equipment into Africa and 
Internationally. With another auction scheduled for 22 May, the demand for the online mining auction platform is growing swiftly.
“Transparency and efficiency are key to the success of this business model”, claims a regular bidder with specialist online mining auction house Clear Asset. Bidders can access full images and due diligence of the assets directly from their own laptop with proprietary technology to ensure secure world class bidding. This method of transaction continues to capture the interest of both buyers and sellers as they seek ease of access, ease of bidding and credibility in a system. Time is precious in today’s economy, and dealers and end-users alike want to know upfront if the assets listed are of interest to them. Thereafter they can still make arrangements to physically inspect to validate their initial search.
“By being able to view all assets online, down to name of seller, location, even service meter reading and serial no. with supporting photographs, the experience becomes far more professional. It is about market intelligence, and proactively engaging with our clients once they know what they are looking at. As such, the bidding experience becomes far more attractive than having to travel to the site and wait all day to bid,” says Clear Asset MD Ariella Kuper.
During the upcoming Clear Asset auction, which closes on 22 May, bidders can expect to find a vast array of CAT equipment, namely 16H, 16G, 14G Graders, 777Ds Dumpers, 920 FEL, D8N Dozer, 325 Excavator. Strong Sellers also include Volvo A30 & A40 ADTs, L120 FEL and from Komatsu, a D155 and D375 Dozer, WA470-5 & WA430-5 FELs, PC800-7 Excavator, 714H Forklift amongst MAN Trucks and Bell equipment.
For more information see www.clearasset.co.za or contact Neels Olivier on 082 321 7079
