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.
EDMONTON, Aug. 21, 2013 /CNW/ – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, will conduct a two-day heavy equipment and real estate auction in Edmonton, AB on September 4 – 5, 2013. The auction features more than 4,275 equipment items and trucks, as well as a unique opportunity to purchase premium real estate by unreserved auction—with every item in the auction, including real estate, being sold with no minimum bids or reserve prices. Available real estate includes four residential home sites on Kootenay Lake, near Creston, BC; a country residential acreage also in Creston; and a 6.8±-acre sport fishing lodge in Sandspit, BC. Bids will be accepted at the auction site, online in real-time at www.rbauction.com or by placing proxy bids in person or by phone.
“With more than 4,275 heavy equipment items and trucks already consigned, and a great selection of premium real estate, this auction will certainly have something for everyone,” said Jim Rotlisberger, Regional Sales Manager, Ritchie Bros. Auctioneers. “It’s not every day that a sport fishing lodge goes up for sale—let alone one being sold by unreserved public auction where anyone can bid—this is a very unique opportunity. In this auction we also have a great selection of cranes, as well as earthmoving, forestry and transportation equipment.”
Real estate highlights include:
More information and photos of the real estate are available at www.rbrealestate.com.
Equipment highlights in the auction include: 145+ pickup trucks, 90+ truck tractors, 60+ excavators, 35+ crawler tractors, 30+ flatbed trucks, 25+ wheel loaders, 15+ articulated dump trucks, 10+ motor graders and much more.
Equipment in the auction will be sold for more than 575 sellers, including forestry and earthmoving equipment for Bill Armstrong Trucking Ltd., a Thorhild, AB-based company working in multiple industries, including logging, gravel hauling and farming.
“My wife and I have been running the company for 43 years and have decided to slow down and retire the logging side of our business,” said Bill Armstrong, owner of Bill Armstrong Trucking Ltd. “We’ve bought and sold used equipment with Ritchie Bros. many times and I like to make sure that every time I sell my equipment it is in a condition that I would want to buy myself—it’s well maintained and ready to go. Ritchie Bros. has a global auction network and as a seller you can’t match their ability to reach beyond the local market.”
Consignments are still being accepted for the Edmonton auction; anyone interested in selling their equipment can contact the auction site at +1.780.955.2486. For more information on this or any other Ritchie Bros. auction, visit www.rbauction.com.
Comments
The Alpha Enterprise
There are certainly not many websites with information like this man!