Proceedings are well underway in the asset disposal programme for Finsch Diamond Mine (Pty) Ltd (In Business Rescue), situated near Lime Acres in the Northern Cape.
Park Village Auctions (PVA) was appointed to facilitate the structured sale process, which aims to realise maximum value from the substantial mining, processing, and supporting infrastructure. Following the approval of the Business Rescue Plan, the disposal has focused on identified high-value assets, with further plant, machinery, equipment, vehicles, and infrastructure introduced as the programme has progressed.
“This disposal represents an exceptional opportunity for local and international mining operators to acquire well-maintained equipment,” says PVA Director Clive Lazarus. “The structured sale format allows buyers to access premier assets, from core store stock to heavy underground machinery, as we work to maximise returns under the approved Business Rescue Plan.”
Several initial sales, including timed online auctions and invitations to submit offers, have concluded successfully, the results of which will be published with permission in due course.
The remaining sales phase features a series of timed online auctions as follows including electrical motor store, cable & belting rolls, and winder ropes closing 14 October; main stores complex, store yards & C&I workshop closing 21 October; plus redundant & scrapped mobile plant, which includes underground equipment, screens, and general machinery, closing 27 October.
In addition, PVA invites offers for the mine’s underground trackless mobile machinery (TMM) fleet, comprising late-model units from top manufacturers. Offers on a number of assets close 17 November 2026 including 20 Sandvik LHDs including 14 LH410, three LH514, and three LH515i load-haul-dumpers (2012-2023); 13 Sandvik drill rigs and bolters including six DS411/DS411C bolters, two DD422i, two DD311 single boom, one DD321, one DL2720 long hole, and a low-profile rig (2014-2023).
This sale also includes five Epiroc long hole drill rigs, which are Simba ME7/ME7C units (2020-2023); seven Sandvik TH430 articulated underground dumpers (2022-2023); a range of AARD UV80 utility vehicles consisting of 19 carriers in various configurations, including scissor lifts, charging units, honeysuckers, hang-up rigs, parallel lifts, and tank units (2015-2025).
Finally, it also includes eight Manitou telehandlers & loaders including MTX1033 and MTX733 telehandlers plus skidsteers (2023-2024) three specialised underground cranes comprising two MacLean cranes and one Fermel crane; and finally other support equipment including a Normet scaler, CAT 120K LP grader, CAT CS522E compactor and a Prof PFI3-001 articulated underground forklift.
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