On 30 January 2013, the Aucor Group will conduct their first ever online mining auction whereby a selection of assets from Kumba Iron Ore will be offered on auction via their new and advanced online auction platform. Not only will this be Aucor’s first online auction, but a first for the Aucor Bloemfontein team. The auction will run for seven days commencing on 30 January at 11am and closing on Wednesday 06 February 2013 at noon. Comments Jacques Van Der Linde of Aucor, ''We are extremely excited about this first for the Aucor Group, and have already fielded an extensive amount of queries from many interested buyers. The ease of purchase which this auction platform allows has attracted a wide variety of buyers and we anticipate very successful results. The global accessibility is a big draw card for buyers and our new advanced online bidding system provides a safe, secure and transparent means of purchasing such equipment.''

The stock on offer, ideal for mining houses seeking spares or used equipment, includes earthmoving equipment, mining equipment, scrap metal, electrical equipment and mobile cranes. Items include:

•         Several pieces of Caterpillar equipment incl.  CAT D10R and N Dozers, CAT 777D Dump Trucks, CAT 834B Wheel Dozers, CAT 914G Front End Loaders, and a CAT M318 Wheeled Excavator
•         200t to 300t Wabco and Unit Rig Haul Trucks, a drum reclaimer and double deck screens
•         Over 100 transformers and sub stations, copper cabling and over 500 tons of scrap metal
•         2 x Liebherr LTM 1030 mobile cranes

The full list of assets with detailed descriptions can be viewed on the Aucor website at www.aucor.com <http://www.aucor.com/> (the direct link ishttp://www.aucor.com/auctiondetails.aspx?AUID=283 <http://www.aucor.com/auctiondetails.aspx?AUID=283> ). Buyers wishing to view the assets can do so on site or via the website. On site viewing will take place on 04 and 05 February from 8am to 3pm, and on 06 February from 8am to 10am at Kumba Iron Ore’s Sishen Mine, Hendrik van Eck st., Kathu, Northern Cape. GPS co-ordinates can be obtained on www.aucor.com <http://www.aucor.com/> . Please take note of viewing procedure tab on www.aucor.com <http://www.aucor.com/> in which all pre-requisites to be able to attend viewing on the mine are discussed. Prospective viewers will need to obtain a permit as well as wear safety shoes to be granted access to the mine.