Mining and heavy construction equipment sale in unreserved auction in Grande Prairie
Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, is selling mining and heavy construction equipment and trucks-including a fleet of late model rock trucks-in an upcoming two-day, multi-million dollar, unreserved public auction at the Company’s brand new permanent auction site in Grande Prairie on Tuesday, November 24th to Wednesday, November 25th 2009 starting at 8:00 a.m. each day."We’re very excited to have the opportunity to market such a diverse range of equipment at our Grand Opening auction," says Brian Podruzny, Regional Manager, Ritchie Bros. Auctioneers. "We have a great selection of mining equipment, including a fleet of Cat 777D rock trucks, and a large package of oilfield transportation equipment we’ll be selling. We’re extremely pleased to showcase these rock trucks at our new auction facility."More than 650 equipment items and trucks from various owners including Prairie Boys Oilfield Services Inc, Dechant Construction Ltd., Finning (Canada) and Ledcor Group will be sold unreserved to the highest bidders on auction day, with no minimum bids or reserve prices.A major highlight of the auction is the sale of 24 rock trucks including 15 late model, low-hour Cat 777D rock trucks. This will be the largest grouping of Cat 777D rock trucks ever sold by the Company in an unreserved auction within North America. Other rock trucks for sale include Cat 773B and Cat 773D rock trucks and two 2002 Komatsu HD785-5 rock trucks.Other equipment items being sold in the November 24th Grand Opening auction include: a Hitachi EX1800 hydraulic front shovel, close to 35 crawler tractors, nearly 30 hydraulic excavators, 25 winch tractors, close to 15 bed trucks, 10 wheel loaders, 10 articulated dump trucks, motor scrapers, motor graders and several crawler drills. More items are being delivered to the Grande Prairie auction yard daily, and will continue to be added right through to sale day.Since acquiring its first permanent auction site in Grande Prairie in 2002, Ritchie Bros. has conducted 50 auctions there. The Company’s new 59+/- acre auction site, complete with refurbishing facilities and an auction theatre with an 800-person seating capacity, will replace the former 31+/- acre auction site located at 14606 100 Street. The new auction site, located at Range Road 51 in Grande Prairie, also features a 900-vehicle parking lot.