MARKETS

Equipment auction tops $55 million

MINING equipment auctioneer Richie Brothers has unloaded more than 3500 pieces of heavy equipment...

Donna Schmidt
Equipment auction tops $55 million

The two-day unreserved public auction last week featured a large selection of late-model mining and construction equipment that included more than 70 hydraulic excavators, 45 wheel loaders, 30-plus articulated dump trucks, 15 rock trucks and 10 crushers.

Bids for the equipment, which represented 490 sellers from mining, heavy construction and transportation, were accepted in person, online and by proxy.

“Our first auction of the year here in Edmonton featured a large selection of late-model mining, construction and transportation equipment, which we're seeing a lot of – with the Alberta mining

industry on a steady move,” regional sales manager Jim Rotlisberger said.

“Participation from local and international bidders created a healthy, competitive bidding environment during both days of the auction. We saw strong results for late-model, low-hour equipment for the mining, construction, transportation and other industries – a positive sign at the start of 2013 as we get set for our second auction at the end of April.”

Richie registered about 5700 bidders from 35 countries for the auction. There were representatives from 39 US states as well as all Canadian provinces and two territories.

About $C39 million ($US38 million) in equipment was purchased by Albertans. Buyers from outside Alberta bought more than $C18 million (about $US17 million), or 32% of total gross auction proceeds.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production