Major mining contractor MCC Plant to take to auction stock valued at over R70 million

/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement.

On 30 March 2017, MCC Plant will take to auction a wide selection of yellow metal equipment valued at over R70 million.
 
The auction comes following a full review of plant equipment by MCC, in line with a strategic move by the company to undertake bold steps to realign its portfolio and core outlook of the business.
 
In mid-2016, it was confirmed that enX Group acquired Eqstra Holdings’ Industrial Equipment and Fleet Management divisions. The aim of the deal was to enable the recapitalisation of Eqstra’s contract mining division and MCC (a division of Eqstra Holdings). In the current mining environment where being nimble and lean is key to medium- and long-term growth and sustainability, MCC has reviewed its plant and decided to dispose of non-core or surplus yellow metal. With this strategic move by management, the company has committed in excess of R70 million of prime CAT, Liebherr, Terex and Komatsu equipment to an online auction with leading player in this sector, Clear Asset. 
 
The stock will be up for sale on 30 March, closing 15h00 South African time and includes an extensive array of Dozers (D11T), Excavators (PC 400-7, PC600-6), ADT’s, Graders (16H), Drill Rigs (Sandvik), Shovels (Liebherr R864), New Holland Telescopic Forklifts and Rock Trucks (785D/769C/D’s and 773E). 
 
Says Ariella Kuper, Managing Director of online auctioneers Clear Asset, “With an upturn evident in new projects across Africa, Australia, Canada and South America, combined with commodity prices gaining traction and a new strength of sentiment witnessed post the Mining Indaba, the timing of this auction is ideal.

MCC are credible sellers of redundant and surplus stock through their clean-up effort, which in turn offers prime 2nd hand OEM equipment to small, medium and larger players across this sector.” 
 
“A turnkey solution of credible information and salient comments on condition combined with estimates on transport and shipping, offers foreign buyers a level of comfort that encourages their participation in a sale of this nature”, concludes Kuper. 
 
For full information see the Clear Asset website on www.clearasset.co.za or call +27 82 321 7979 /+27 21 418 2630