SUDBURY, ONTARIO -- (Marketwire) -- 09/19/12 --

Editors note: There is a photo associated with this press release.

As a global leader in marketing mining related surplus, Mine Source Inc. has pioneered the use of an online auction specifically geared to the mining industry.

"Mine Source makes use of its decades worth of mining knowledge and contacts to market solely to the mining industry" explains Matt Alexander, Partner at Mine Source. "Other online auctions (L to R) Mark Alexander, David Alexander, P. Eng., and Matt Alexander mix a few pieces of mining related items amongst a multitude of other listings. Ours is the only online auction to exclusively serve mining," he explains.

This dedication to the industry is being quickly embraced by the mining industry. Major mining companies, mid-tier, and junior mining companies as well as mining contractors are all listing equipment with Mine Source Auctions. Buyers range from mining companies to OEMs to remanufacturing shops to the general public.

The main benefits Mine Source Auctions clients are realizing are simple and three fold. They are a) accountability, b) efficiency and c) accessibility.

a) Today's mining companies understand corporate responsibility. Using Mine Source Auctions ensures surplus assets are managed in an organized and open forum. Everything is accounted for.

b) With a multitude of mining companies listing surplus in one online location, it makes it very simple when the world knows where to go to acquire mining surplus. Once there, the system is easy to use and well organized.

c) Buyers and sellers alike love the open auction format because it allows everyone to get in on opportunities. If you can take the item away, you can bid on it. It is open to the world and you don't have to be an insider.

"Mine Source Auctions has been growing quickly and we expect this pace to accelerate as our buyers and sellers benefit from the efficiency that a dedicated industry auction brings to the marketplace," explains Alexander.

Mine Source Inc. was founded in 2002 in the Sudbury mining camp by brothers Mark and Matt Alexander as an offshoot to their fathers, Dave Alexander, mine decommissioning company. For more information please contact Matt Alexander at 705.671.2100 or matt@minesource.com.

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