Given the current environment and lengthy production cycles, there is an increasing focus on maximising efficiency and freeing up redundant assets. Through online mining auctions, an increasing amount of platinum mines are offloading their redundant or excess stock to achieve this.
It is for this reason that structured supply chain management and rigorous procurement policies must be adopted and adhered to. Listed mines and major contractors have moved beyond shying away from poor historical purchasing decisions and the subsequent scurrying away of incorrectly acquired parts, plant and equipment.
"The time has come to clean up shop, free up capital and boost the coffers as each contribution counts towards not just profitability, but a mindset of prudent leadership and supply chain management," says MD Ariella Kuper of online mining auction house, Clear Asset.
Clear Asset hosts monthly auctions for used OEM plant and equipment on behalf of the major platinum and gold mines across South Africa. Bidding is open to the public both locally and globally. "It is a participatory mindset on all levels," says Kuper.
"Refurbishing entrepreneurs, traders and end-users across Africa have interest either in the OEM parts or the entire asset - aged or prime - as these items carry intrinsic value for rebuilding equipment or servicing short term contracts, prospecting or spare equipment for junior miners."
