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Date: 25/09/2018     Park Village Auctioneers     Auction News

World-Renowned Shaft Sinking Specialist Assets On Auction

World-Renowned Shaft Sinking Specialist Assets On Auction
One of the many assets, stemming from a specialised shaft sinking mining company that will go under PVA’s hammer on the 4th of October.

Park Village Auctions will soon make available assets stemming from the internationally acclaimed pioneers of vertical sinking shafts, Shaft Sinkers (Pty) Ltd, which is currently in business rescue.

The sale falls under the auspices of PVA’s business rescue division which specialises in facilitating sales that will help businesses which are experiencing difficulties raise liquid capital. PVA’s LeRoy Augustyn says that most companies which fall under this banner are simply in need of a capital injection to continue operating and therefore represent an excellent opportunity for investors.

“We expect to see a good showing at the upcoming sale. The assets and parts up for grabs will, naturally, appeal to those involved in mining and engineering and further represent a great opportunity for those who run metal salvage, recycling, and recovery operations as well.”

Assets to go under the hammer comprise five Compair L250-7 air compressors, a 30-ton overhead crane, assorted 800, 2000, 2500 Kva transformers, winder motors, winder drum halves, welding machines, high pressure washers, bull bearings, steel containers, sheaves, lathes, pedestal drills, hydraulic power packs, milling machines, hydraulic presses, work benches, tool boxes, and assorted shelving.

Under the banner of spare-parts, winder control panels, lashing unit gearboxes, lashing gear brakes, electric motors, crossheads, hydraulic cylinders, sheave wheels, cactus grabs, S40 drill parts, loader tracks, ventilation fans, winder spare parts, hydraulic hoses, and batch plant spares will be sold.

Vehicles to auctioned include two 2010 Hino 500-1626 rigid trucks, seven, 2011 Toyota Hilux 2.5 D4D LDVs, three 2010 Mazda BT50 2.5TDI LDVs, a 2012 Toyota Quantum 2.7 mini bus, five 2012 Ford Ranger 2.5 LDVs, a 2006 Tata 713 rigid truck, a 2007 Toyota Hiace mini bus, an Iveco mini bus, a Volkswagen Transporter mini bus, dismantled drill rigs, underground load haul dumpers, a Manitou MVT 675 telescopic forklift, and a Tandano SWL 20-ton mobile crane.

Finally, assorted office furniture including desks, chairs and filing cabinets, and computers will also be on the block.

The auction will commence at 10:30 am on Thursday the 4th of October, at Rand Yard, Main Reef Road, Randfontein.

Viewing will be held at the same venue on the 2nd, and 3rd of October from 9 am to 4 pm. Interested bidders can view more information on PVA’s website, using web reference 139 or call PVA on 011 789 4375.

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