Ritchie Bros. Auctioneers closes acquisition of Martella Auction Company in California

Ritchie Bros. Auctioneers Incorporated announced today the closing of the acquisition of the auction business and certain assets of Martella Auction Company, Inc., an agricultural and industrial equipment auctioneer based in Tipton, California. As part of the agreement, Ritchie Bros. will lease Martella’s 65-acre auction site to conduct unreserved public auctions. Jeremy Martella, former principal... 

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International bidders compete for late-model cranes at Ritchie Bros. unreserved auction in Denver

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, sold more than 800 equipment items, including more than 30 cranes, in a multi-million dollar unreserved public auction at its permanent auction site in Denver, Colorado on Tuesday, October 20, 2009. The unreserved auction attracted more than 1,600 on-site and online bidders from more than 25 countries as far away as the United... 

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Ritchie Bros. returns to Bakersfield to conduct large unreserved equipment auction

Ritchie Bros. is conducting the Company’s first public unreserved auction in Bakersfield, California in 16 years on March 27, 2009 starting at 8:00 a.m. The last multi-million dollar unreserved auction Ritchie Bros. held in Bakersfield was in 1993 when the Company sold over 450 items to more than 500 bidders. The upcoming unreserved auction on March 27th will provide local and international bidders... 

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Equipment sellers in Spain, Los Angeles and Dubai benefit from global reach of Ritchie Bros.

Ritchie Bros. Auctioneers gave equipment sellers easy access to the global marketplace last week, attracting bidders from around the world to seven unreserved industrial auctions in four countries – including the largest Spain auction in Company history. The three-day auction at the Company’s Moncofa, Spain auction site generated almost (euro)30 million (US$38 million) in gross auction... 

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Midway Announces Director Changes

Midway Gold Corp. reports the two vacancies on the board of directors have been filled by the appointment of Daniel Wolfus and Frank Yu as directors. It is with regret that we report that Brian Bayley has resigned as a director, and the board and management of the Company sincerely thank him for his guidance, support and service. Daniel Wolfus joins the Board of Midway with over 28 years of investment... 

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Substantial purchases leave California and Dubai after Ritchie Bros. auctions

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, conducted two, large unreserved auctions last week in Dubai, UAE and Los Angeles, California, generating gross auction proceeds of US$20 million and US$24 million, respectively. Close to half of the gross auction proceeds at the Los Angeles unreserved public auction (more than US$11 million or 49%) came from buyers located... 

Polaris to purchase land in the Port of Long Beach, California

Polaris Minerals Corporation announced that its subsidiary, Eagle Rock Aggregates Inc., (ERA) has satisfactorily completed its due diligence review of a parcel of land at Pier B, in the Port of Long Beach, California, and will complete the purchase for US$15.18 million. The transaction is scheduled to close on or about August 18, 2008. With this investment, ERA will own a 66% interest in the 12.4 acre... 

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Doral Energy Acquires Permian Basin Assets, Financed With $50 Million Credit Facility From Macquarie Bank Limited

Doral Energy Corp , an oil and gas exploration and production company, announced today that it has completed the acquisition of leaseholds on over 7,800 acres of producing oil and gas property on the northwestern end of the resource-rich Permian Basin in Eddy County, New Mexico (the “Eddy County Properties”). In order to complete the acquisition of the Eddy County Properties, Doral entered... 

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Reliance Steel & Aluminum Co. Completes PNA Group Acquisition for $1.1 Billion

Reliance Steel & Aluminum Co. announced that it has completed the previously announced acquisition of the outstanding capital stock of PNA Group Holding Corporation, a national steel service center group. The transaction value of approximately $1.065 billion included approximately $725 million of PNA’s debt that was repaid or refinanced, including the settlement of Reliance’s cash tender offers... 

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BreitBurn Energy Partners L.P Increased Cash Distribution

BreitBurn Energy Partners L.P told the press that a cash distribution of $0.52 per unit for the second quarter 2008, or $2.08 per unit on an annualized basis, for all of its outstanding units, which will be payable on August 14th, 2008 to the record holders of common units at the close of business on August 11th, 2008. BreitBurn Energy Partners L.P. is a publicly traded independent oil and gas limited...