Company sells surplus equipment as it lifts bulk haulage focus
Rivet Mining Services will put 19 prime movers and 24 side tipping trailers on the block as it slims down its Port Hedland-based heavy haulage fleet in a major asset sale.
The company will sell 87 lots in total, including low loaders, Franna cranes, prime movers, fuel tanker trailers, side tipping trailers, dolly converter trailers and extendable trailers, through a tender process run by Gordon Brothers.
Rivet chief operating officer Philip Tonks tells ATN its heavy haulage operations were largely a sideline to the bulk haulage arm, which make up “99 per cent” of the business.
“This is just surplus assets in the heavy haulage area which we don’t require,” Tonks says.
“We are still doing some heavy haulage in the region and we still specialise with certain clients for that, but apart from that, there is nothing more to it than that.”
The company is the primary and exclusive bulk haulage contractor for Atlas Iron, which this week was subject to a takeover offer from Mineral Resources.
Tonks says the company is keeping an eye on developments.
“We have been providing services to them for a long time now, we have been through the ups and the downs and so forth, and we are obviously aware of the current situation… we will be a keen observer,” he adds.
To complement this service, Tonks says Rivet has been upgrading its bulk haulage fleet, lifting its number of superquads to 55, while keeping an average fleet age of between four and five years.
“The quads have increased load capacity, to provide those efficiencies to our customer to enable them to be the most efficient operator out there,” he says.
While the assets were not a material to the company, Tonks s still hopes for a good result.
“We have won a few more contracts up there as well, so it will enable us to invest for those contacts as well,” he says.
The Fuel Trans fleet acquired is made up of predominantly Kenworth prime movers and a mixture of Tieman and Marshall Lethlean tankers.
“These will be used to service the existing contracts and fit well into Centurion’s fleet specifications,” a spokesman tells ATN.
“Centurion is purchasing a variety of additional Tieman tankers to service the new Viva contract.”
Gordon Brothers managing director Australia Fenton Healy says he is pleased to be working with Rivet on the sale, which will include two 2013 Western Star 6964 FXC prime movers and 10 Mack prime movers, ranging in date from 1999 to 2012.
“These assets are in demand and are expected to sell quickly,” he says.
The assets will be sold by tender by June 22, with Rivet’s Mango Yard outside Port Hedland open for inspection on June 19 and 20.
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