$50m Curtis Island construction sell-off starts tomorrow

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The disposal of $50 million worth of construction equipment from the Curtis Island LNG project will kick off tomorrow in Gladstone.

Global asset management company Liquidity Services has called on the local expertise of Queensland resources auctioneers Hassalls to facilitate the disposal.

Hassalls, Australian resources asset and disposals specialists, will be selling construction equipment, plant and machinery and relocatables from the Gladstone LNG project in a series of north Queensland on-site and online auctions of 240,000 pieces of equipment over the next six months.

The Gladstone project yard will open with its first auction tomorrow morning at 10am, with more to come over the next six months. Plant machinery and construction equipment will be going under the hammer at the LNG project yard at Gladstone.

The auctioneers are expecting strong attendance from across the region including a significant number of online bidders. To date, there have been three on-site auctions and over 10 online auctions and tenders.

Central Queensland manager Darren Dreaver said the sale of equipment from the Curtis Island LNG project was attracting interest from local business and farmers through to international buyers seeking to fit out other projects.

The sale will also include anything from work utes to white goods, tool boxes full of tools, power generators through to protective clothing, welders and much more.

“Our clearing sales are also a massive day out for the local community,” Mr Dreaver said.

“Charities and sporting clubs catering at these events will fundraise thousands of dollars on the day to support selected causes.

“We work with a lot of clients who operate in the resources and industrial sectors in Central and northern Queensland and value the opportunity to support their local communities whenever possible.”

Mr Dreaver said there are more than 240,000 pieces of equipment that have been commissioned to take to market.

“Items have included pallets of disposable coveralls, portable toilets and ice machines through to the more logistically challenging items – including a twenty megawatt multi-tonne generator,” he said.

“A twenty megawatt generator could power 200,000 100-watt light bulbs or 10,000 homes, so it’s a big, powerful system with a niche buyer.”

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