Sep 26, 2019   SOURCE: BusinessWire

Mine Source Auctions Is Converting Idle Mining Equipment Into Opportunity

Major miners, mid-tier miners and mining contractors have chosen Mine Source Auctions to get hundreds of lots of used equipment over to those who can make good use of them.

“We are one of the few, perhaps the only auction house in the world, that specializes in auctioning mining gear. So this October 9th there will be a great opportunity for mining equipment rebuilders and resellers to gain access to a large amount of surplus equipment,” says Mark Alexander, VP of Operations at Mine Source Auctions. “From there they’ll fix it up and get it working again.”

Why is this important?

Not every mine is interested in spending a premium or waiting on long lead times for brand new equipment. In fact there is a world wide industry of companies which takes used equipment, fixes it and re-sells it.

Mine Source Auctions provides these companies with an easy and equal opportunity to access this equipment. It also provides fair market value and corporate responsibility to those selling it.

How It Works

Unlike auctioning stamps, mining equipment is often large, heavy and sometimes bolted down. So the equipment stays where it is. Mine Source Auctions personnel travels to individual sites to gather information and pictures. They then leverage the internet to broadcast the auction to the world. This way everyone has access, no matter where they live and sellers don’t have to invest any more money to move their surplus.

Details

The auction takes place on Wednesday, October 9, 2019 at 11 a.m. EST. Pre-registration is already open and bidders are encouraged to register early. Simply visit www.minesource.com and click on the “View Auction Catalogue” button. From there buyers simply follow the steps to register, bid and ask questions.

Who is Mine Source Auctions?

Headquartered out of mining service and supply hub Sudbury, Canada, Mine Source Auctions was established in 2002. Mining companies, contractors and those with surplus equipment are encouraged to contact Mine Source Auctions. 705-671-2100, info@minesource.com.