Global Mining Company
A global mining company, the largest iron ore miner in the United States, had decided to exit its Australian business in Koolyanobbing. Gordon Brothers was approached by the company advisors to provide a comprehensive solution for the entire 273-strong major mobile equipment fleet, as well as the ancillary assets.
We provided an all-encompassing solution for the company to dispose of its mobile fleet that limited any trailing liabilities and costs for the client given their desire for a clean country exit. Critical to the key stakeholders was the timing and certainty of the transaction.
Gordon Brothers was the only party able to use its own balance sheet to purchase the equipment outright in the accelerated timetable. Leveraging our strong visibility in multiple sectors of the market and deep knowledge of the assets, we executed the project to an accelerated timetable, ensuring a favorable outcome amidst commodity market volatility.