R1bn Anglo Coal dragline a rare find

Posted On Monday, 25 November 2013 12:01 Published by eProp Commercial Property News
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On November 28, various Anglo Coal mining assets will be taken to auction, including a 3 298-ton dragline machine which, when new, is valued at over R1billion.

Ariella Kuper

 

 

 

 

 

 

The last time such a second-hand dragline was sold in South Africa was over 15 years ago, and the last time a new machine of this calibre was sold was in the mid 1990s. Market intel advises that there is currently up to a two-year waiting list for such machinery.

Comments Ariella Kuper of Clear Asset, the company tasked with selling the asset via online auction: ''It goes without saying that a machine of this size and power is rarely sold.

Not surprisingly, the machine, located at Anglo Coal Kleinkopje Colliery, has already attracted strong interest from major mining houses, both locally and abroad, which prefer to relocate the dragline to their operation than purchase new.''

Draglines are a vital excavating tool used in many surface mining operations, primarily for coal and iron ore. Such machines are in high demand due to their reliability and extremely low waste-removal cost. In a single cycle, these machines can move up to 450 metric tonnes of material, and the engine room alone is equal to the size of a small hall and comes equipped with a kitchen.

A large dragline system used in the open-pit mining industry costs anywhere from US50 million to $300 million (R500 million to R3 billion).

According to Kuper, this highly productive dragline, a Bucyrus 1570W aptly nicknamed 'Bigger Digger', operates 24 hours a day, seven days a week; it is able to reach depths of 51.81m, has a boom length of 94.49m, a dumping height of 43.53m and a bucket size of 59.63m. Its last shutdown was November 2003 and it is continuously swinging to keep it in prime running order.

During the upcoming auction, bidders can also expect to find an entire clean-up of another six Anglo thermal coal mines, commercial vehicles from Anglo Gold Ashanti, and various underground and generic mining assets from Anglo American Platinum's Union South, Rustenburg Shared Services and Mogolakwena. Bidders will also find prime yellow-metal ADTs from Diesel Power on the auction.

Additional assets include a CAT 930 and CAT 994 FELs, PH shovels, three Voest Alpine continuous miners, a CAT D10R, CAT 824-C and Komatsu D375-3 dozers, a Komatsu GD825 grader, a CAT 226 skid steer loader, and various spares and Toyota commercial vehicles.

Last modified on Friday, 30 May 2014 16:08

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