Canadian Mining Journal

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EQUIPMENT AUCTION NEWS First Quadrem e-Auction on Nov. 12

ELKO, Nevada NEWMONT MINING, the world's largest gold producer, is the first Quadrem eMarketplace member to take...


ELKO, Nevada NEWMONT MINING, the world’s largest gold producer, is the first Quadrem eMarketplace member to take advantage of the new partnership of QUADREM and DOVEBID offering on-line auctions of mining equipment. The auction will be held on Nov. 12, 2003, beginning at noon Eastern Time and lasting until 9:00 p.m. A list of featured items is posted at www.dovebid.com. All the requirements for participation in the auction and the sale-specific terms and conditions are available at the same site.

The Newmont equipment going on the block includes plant equipment, light vehicles, a crushing circuit, silos, blasthole drills, graders, loaders, dozers and a shovel. The assets are located at various sites throughout Nevada and in California.

The alliance between Quadrem and DoveBid gives Quadrem customers access to turnkey asset disposition services, global asset-based valuation services, and asset redeployment software. Quadrem, with its web site at www.quadrem.com, is the global leader in web-based services and solutions for the natural resources industry. Transactions handled by Quadrem’s eMarketplace total over US$915.38 million so far this year, well on the way to the US$1-billion goal for 2003.


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