Rabin, experts in asset liquidation and auctions, are to auction a complete iron ore processing mill located in Coleraine-Itasca County, Minnesota.The sale will take place in conjunction with PPL Auction and CRG. Mill process equipment will be sold by private negotiation by AM King Industries.
The assets to be sold are formerly of Magnetation Inc., an iron ore mining company specialising in the recovery of iron ore concentrate from waste stockpiles and tailings basins. The 2013 installation is described as being mostly in near new condition.The live and online auction will take place on the 16th of October. Key assets for sale include:
Mill Process Equipment including: FL Smidth 3000 hp ball mill; Complete Metso 1500 hp Vertimill with 600 hp feed pump; Derrick 5-deck vibratory screens. Mobile Equipment Fleet including: Caterpillar 980K wheel loader; 140M motor grader; Caterpillar D6T-LGP and Komatsu 65PX bulldozers Caterpillar 320CL, 336DL & 349E excavators. New Partsand Material Inventory including a Large selection of Caterpillar spares & accessories; New spare motor & drive inventory to 1000 hp; New MCC centers, transformers, spooled copper cable.Plant Support Equipment including:Caterpillar skid steer, mini excavator & warehouse forklift; Thompson diesel portable pumps; Magnum light plants; Complete heavy mobile shop & garage with bridge crane.