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Business Engagement In County Durham

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Start up in County Durham

Hargreaves Services Disposes Of Underground Mining Equipment

Hargreaves Services Disposes Of Underground Mining Equipment

Durham-based mining, energy and logistics company Hargreaves Services has signed a deal to sell its surplus underground mining equipment to an overseas buyer.

The equipment was originally acquired for use at the company's former deep mine at Maltby and later formed part of its legacy asset disposal programme.

Although the precise sale terms are subject to a confidentiality agreement, the proceeds are "in line with the carrying book value" of the equipment with the consideration to be paid in stages.

Gordon Banham, chief executive of Hargreaves Services, said: "This sale represents another positive step in the realisation of our portfolio of legacy assets.

Specifications

  • Andrea McGuigan

    Andrea McGuigan

    Business Development Area Manager (North)
    Call 03000 261255

Did You Know

  • 44% of the Council’s spend in 2014/15 was with County Durham businesses, equating to over £220m into the local economy
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Commercial Property In County Durham

See map below for Business Durham’s commercial properties.