Online auction platform continues to grow, attracting wider diversity of stock
Last month two arrested long line fishing vessels were sold to a Taiwanese buyer for US$60,000 each. Despite the poor overall condition of the vessels, the fishing licenses which were included in the sale ensured the prices achieved were substantially more than local scrap value. In the same month, aged 1998 CAT D10R and 1995 D10N Dozers secured bids from Saudi Arabia, Mozambique and USA. The continued success of Clear Asset’s online auction platform shows that the mechanism is being adopted by more than just the mining industry.
Online auctions becoming single biggest platform for trading mining assets
Strategies within the local mining sector have shifted drastically over recent years. With continued challenges within mines houses, many companies have been forced to move their focus away from growth and expansion to that of efficiency and cost control. ...