MEDIA RELEASE PR35606
Ritchie Bros. Returning to Perth, Australia to Conduct Large Mining Equipment Auction - Every
Item, From Dozers to Rock Trucks, to Be Sold With No Minimum Bids or Reserve Prices
PERTH, Aug. 6 /CNW-AsiaNet/ --
Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, is
returning to Perth, W.A. to conduct a large mining equipment auction for Orion (WA) Pty Ltd and other
owners on September 22, 2009. Among the equipment being sold in the unreserved public auction:
rock trucks, wheel loaders, dozers, water vehicles and hydraulic excavators. Ritchie Bros. will sell
every item to the highest bidder on auction day, regardless of price. Interested buyers can bid in
person at the Perth auction site, online in real time at www.rbauction.com, or by proxy.
"We conducted our first Australian auction in Perth and we're excited to be back with another
unreserved auction featuring a first-class line-up of equipment," said Finlay Massey, Ritchie Bros.
Regional Manager. "Our upcoming Perth auction offers an excellent opportunity for members of the
mining and construction industries in Australia and beyond. We're selling a large selection of high
quality, well-maintained used heavy equipment and every item will be sold on auction day, with no
minimum bids or reserve prices. It's a great time to be buying equipment - especially when the bidders
are setting the prices, not the sellers. And for sellers, it's a great opportunity to sell their equipment to
bidders from around the world."
Orion (WA) is a large mining equipment rental company based in Hazelmere, W.A. Managing
Director Richard Harding will sell close to 40 items in the Perth auction on September 22nd, although
he has never sold equipment at a Ritchie Bros. auction before. The equipment was used at a nickel-
mining project in Kalgoorlie.
"We wanted to put the equipment back to work when that operation ended, because it's still in great
shape, but with the downturn in the mining industry there isn't the work available - so we decided to
clean the cupboard," said Mr. Harding. "I chose to sell through Ritchie Bros. because they have a good
reputation, they run their auctions well, they reach an international base of customers and they only do
unreserved auctions, so I know all of the equipment will sell on September 22nd and I will have money
in the bank afterwards."
Auction details:
- Location: 33 Beard Street, Naval Base, W.A. 6165, Australia
- Auction site phone: +61.1.300.139.344
- Time and date: Tuesday, September 22, 2009 starting at 9:00 a.m.
- Auction is open to the public; registration to bid is free
- How to bid:
1. In person at the auction site - registration begins at the site
several days before the auction. Photo I.D. is required.
least 2 - 3 days before the auction for first-time internet
bidders.
3. By proxy - phone the auction site to place a proxy bid.
- Equipment details, including photos, are available on the
More equipment will be added to the Perth auction in the coming weeks. Anyone that is interested in
selling equipment at the auction can contact Ritchie Bros. at +61.3.5245.3333.
Established in Canada in 1958, Ritchie Bros. now conducts hundreds of unreserved public auctions
worldwide each year. The Company has 39 auction sites worldwide, including sites in Brisbane,
Queensland and Geelong, Victoria. Ritchie Bros. conducted its first Australian auction in Perth in
1990 before establishing its first permanent auction site in Australia inBrisbane in 1995. Ritchie Bros.
conducts four regular auctions each year at its Brisbane and Geelong auction sites, as well as off-site
auctions like the upcoming Perth auction. People from as far away as North America, the Middle
East and Europe participated in Ritchie Bros.' most recent Australian auctions.
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 39 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
PHOTOS: You can download equipment and auction photos to use with your articles from
SOURCE: Ritchie Bros. Auctioneers
CONTACT: Finlay Massey,
Regional Manager,
Ritchie Bros. Auctioneers,
Geelong auction site,
phone: +61.3.5245.3333; Or
Kim Schulz,
Manager,
Corporate Communications,
Ritchie Bros. Auctioneers,
Phone: +1.604.304.3830 or
Mobile: +1.604.788.5379 or
email: kschulz@rbauction.com
(RBA. RBA)
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