Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Company also purchases land for second auction site in Spain
MOERDIJK, The Netherlands, April 27 /CNW/ – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, sold (euro)40 million (US$53 million) of equipment at an unreserved public auction in Moerdijk, the Netherlands last week – including (euro)5 million (US$7 million) of equipment that was sold to online bidders. The April 22 – 24, 2009 auction set a new Ritchie Bros. Moerdijk site record for online sales. Almost 1,200 people from 58 countries in Europe, the Middle East, Africa, the Asia-Pacific region and the Americas registered to bid in person or online on more than 3,700 heavy equipment items and trucks being sold in the auction….more at CNW Group
