Long-Term Partnership Generates Over R70 Million for Sibanye Stillwater

effective asset disposal program
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SALES
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ASSETS SOLD
50 %
RESERVES ACHIEVED

Challenge

Sibanye-Stillwater is a multinational precious metal mining corporation with operations across 5 continents. Over the years Sibanye has established itself as one of the world’s largest primary producers of platinum, palladium, and rhodium and is also a top tier gold producer. To improve efficiencies and generate capital to fuel its core business, the company sought an expert partner to manage and sell its wide range of surplus assets including mining equipment, workshop machinery, properties and even scrap metal. The client needed a partner with the global reach, industry experience, and asset management best practices to effectively handle its surplus.

Solution

Since early 2017, Liquidity Services has partnered with Sibanye to dispose their redundant assets. With mining operations spreading across South Africa, the best solution was to sell most of the client’s surplus through online auction and Make An Offer sales.

Results

Over the past 6 years, we’ve generated over R73 million in total sales for the client. We’ve sold more than 2 100 assets across more than 50 asset categories including mining equipment, generators, cranes, and plant support equipment. Our global reach has attracted over 615 000 event views from various countries, ensuring high bid levels and recovery. Highly satisfied with our partnership, the client recently extended our contract for several more years.

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