Cheap Mining Equipment for Sale
The mining industry in Australia experienced a major downturn in the last few years when prices went way down than expected. It has forced large mining companies to cut down on staff and operations. Buyers have their pick of a big supply of mining equipment for sale at very good prices. Small players can finally get into the game.
Here are some tips from Pickles Auctions for choosing your used mining equipment.
When you go to the auction lot to look over the mining equipment for sale, the first thing you need to do is to make a walk around and look at it from all around. Check if there is damage or dents, if the body is in good condition, and if there are any oil leaks on the drive train. If you see new paint, ask why. It may be hiding some structural problems. Check out the teeth of the groundbreaking tools. The way it looks is a good sign of how the previous owner maintained the machine.
Drive it around
See how the equipment handles when it is fully loaded. Drive it around, forwards, and backwards. Check if the steering arms and other moving parts are working well. Give the idler and the track adjuster a once over for wear. These are the first things that go in mining equipment.
Check the engine
If you see a lot of smoke during your test drive, it may mean there is something wrong with the engine. You need an engine that is in good condition to run cost effectively. Oil leaks may mean a busted transmission. Download the computer logs if the machine has one and check the hour meter. If it is more than 5,000 hours, expect to pay less or move on to the next piece of equipment.
You can take your pick of great mining equipment for sale in reputable auction houses, with prices at less than 10% of the purchase price. However, just because it is cheap does not mean you do not do your due diligence. Get the most of your money by doing a good check and get the best equipment available.