Thousands disregard market turmoil, register to bid at Ritchie Bros.’ Edmonton auction

More than 5,700 people from 19 countries registered to bid on-site and online at the most recent Ritchie Bros. Auctioneers auction in Edmonton, Alberta (on October 29 – 31, 2008). Ritchie Bros., the world’s largest industrial auctioneer, sold almost 4,200 used and unused equipment items over three days, generating gross auction proceeds in excess of CA$49 million (US$41 million). The auction... 

Tag: construction materials auction in edmonton, mining equipment edmonton alberta area

Billions of gallons of oil in North Dakota, Montana

A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment. Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska. The recently released assessment shows a 2,800 percent, or 28-times increase... 

Tag: north dakota south dakota and montana recent oil doscoveries, new oil discoveries in north dakota, oil under north dakota and south dakota, south dakota oil discoveries, new oil discoveries in eastern mt

Mining project good deal or bad deal?

Prices are right for Birch Lake initiative with promise of jobs, but critics say environment will pay heavy cost Beneath the ground at a Birch Lake mining site near Babbitt are a lot of non-ferrous minerals ”” copper, nickel, platinum, palladium, even a bit of gold. They are minerals in demand in a mushrooming global economy. They are minerals that if mined today would command a hefty profit... 

Tag: why is mining bad, nickel mining bad for environment, why nickel mining is bad