Underground mining equipment highlight of Ritchie Bros. unreserved auction in Gillette, Wyoming

    Construction equipment and late model trucks will also be sold to the
    highest bidders

GILLETTE, WY, June 25 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, is conducting a multi-million dollar unreserved public equipment auction inGillette, Wyoming on Tuesday, June 30, 2009, starting at 8:00 a.m.

The upcoming unreserved auction inGillette will feature more than 450 mining, construction and transportation equipment items from 40 different owners. Two local contractors selling construction equipment in the auction include Three Way Inc., a construction and steel pipeline contractor fromBuffalo, Wyoming and Melgaard Construction, a construction contractor based inGillette, Wyoming. Each item in the unreserved auction will be sold to the highest bidders on auction day with no minimum bids or reserve prices.

"We've got a pretty decent selection of well-maintained construction equipment and some really nice late model trucks in the sale," said Steve Merich, Regional Manager, Ritchie Bros. Auctioneers. "Buyers should be able to show up on auction day and find exactly what they're looking for."

Rock Well Petroleum, a North American-based oil development and production company that incorporates underground mining techniques to horizontally drill for stranded oil below ground, is also selling a number of items in the auction including very specialized late model, low hour underground mining equipment. The mining equipment includes: two DOSCO MK2BP electric crawler roadheaders, one J H Fletcher DR13ECF electric crawler roof bolter, a Pumpit Portable Grout Plant, 2007 Mud Technology Portable Drill Fluid Mixing System MCT1605, four 2006 Sandvik DFP30 4x4 underground articulated dump trucks and two Sandvik DFP07-CS underground long haul dumps.

"I watched this mining equipment excavate large underground rooms where multiple oil wells were horizontally drilled directly into an oil reserve," said Merich. "Extracting the oil this way is simpler than conventional methods but you still have to get down underground first to make it happen-that's where this equipment came from. To purchase any of this equipment new would be very expensive. The mining equipment we're selling in the auction is in good condition because it hasn't been used that much."

Construction equipment being sold in the auction includes compaction equipment, paving equipment, hydraulic excavators, loader backhoes, wheel loaders and motor scrapers. The auction will also feature agricultural tractors and many types of trailers and late model truck tractors including a 2007 Kenworth T800 Tri Drive Winch and a 2006 Peterbilt 378.

    Auction details:
    ----------------
    -  Location: 10277 South Hwy 59, Gillette, WY 82718
    -  Sale Site Phone: +1.307.682.3277
    -  Time and date: 8:00 a.m. auction start on Tuesday, June 30, 2009
    -  Open to the public; registration to bid is free
    -  Interested buyers can register to bid in person or over the internet
       days before the auction. Visit the auction site to register to bid in
       person; photo I.D. is required. Customers can inspect equipment during
       regular business hours leading up to the auction. Internet bidders
       must register online before auction day at www.rbauction.com; at least
       2-3 business days is recommended for first-time internet bidders
    -  Equipment details, including photos, are available on the Ritchie
       Bros. web site: www.rbauction,com

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 38 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

SOURCE Ritchie Bros. Auctioneers

Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze, Daily News

Tags: ,CST,AGR,MNG,TRN,Ritchie-Bros-Wyoming