Bidders from 60+ countries drawn to Ritchie Bros.’ busy auction week

Buyers from outside the Netherlands purchased 80 percent of the equipment in the most recent Ritchie Bros. auction in Moerdijk, representing (euro)35 million (US$51 million) of the (euro)44 million auction (US$64 million). The unreserved public auction of heavy equipment and trucks attracted more than 1,100 on-site and online bidders from 59 countries. Almost 3,700 used and unused equipment items were... 

Charleston Diamond Ethanol plant offers investment opportunities

Meetings begin Thursday for people interested in investing in Charleston’s Diamond Ethanol plant, announced Green Lion Bio-Fuels, the bio-fuels developer. Green Lion also has ethanol plants under way in Streator (Emerald Ethanol) and Beardstown (Prairie Breeze Ethanol). The meetings will offer interested farmers, landlords and off-farm investors an opportunity to buy shares in the Diamond Ethanol... 

Coal mine owners sued for $19.3M

Three East Coast companies representing investors who loaned nearly $20 million to help develop the Bull Mountain coal mine near Roundup have filed suit claiming mine owners defaulted on the loan. The suit names Bull Mountain Coal Properties Inc. and five companies affiliated with Airlie Opportunity Fund Cayman LTD, of Greenwich, Conn. The action was filed Friday in U.S. District Court in Yellowstone... 

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In Second Coal Rush, New Mind-Set in the Mines

Billy Vandom was 220 feet underground, but to him, it was the top of the world. He is a coal miner, a species of well-paid American worker that was on the verge of extinction in these parts for more than a decade. Now global economic forces have realigned, and coal mining is back. And a new generation of miners is living the good life not seen here since coal was king. “I was able to buy me a... 

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Bauxite workers laid off by Omai pessimistic about a September restart

Workers in Linden laid off by Omai Bauxite Mining Inc (OBMI) for two months because of the competition from cheap bauxite produced by China are pessimistic about the chances of the company restarting operations in September and consequently of rehiring them. News that the company was seeking investors to buy into operations was not a cause for optimism as far as the workers were concerned. They still... 

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