Mt Isa Mines attracts junior miners on the hunt for auction bargains

If you’re a junior miner in the market for quality used mining equipment, you may have missed a golden auction opportunity at Mount Isa last week.

Buyers from around Australia converged on the mining town to pick through more than 500 items no longer required by Mount Isa Mines.

The company holds a used equipment auction on site, once every 18 to 24 months.

Supply manager at Mt Isa mines Hugh Werrett said the auction enhanced the company’s sustainable development performance while presenting a valuable opportunity for buyers to secure quality items.

“The auction means our retired equipment and disused materials are given a new life elsewhere,” he said.

“It also gives smaller mining operations, landowners, and members of the community an opportunity to purchase equipment and materials at reduced prices.”

Some of the highlight auction lots were a Cat D6R series II bulldozer, skid steer loaders, telehandlers, lighting towers, gantry cranes, a small fleet of Landcruisers and Hiluxes, and 50 pallets of Caterpillar spares.

Auctioneer Graham Messer said interest this year exceeded expectations, with buyers from around Australia as well as enquiries from Canada and the US.

“In the current economic climate, demand for second hand equipment is still high as smaller and mid-tier mining companies appear to be purchasing late model, second hand equipment as opposed to more expensive, high value new plant,” he said.

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