Ritchie Bros. to sell late model rock trucks in Grand Opening unreserved auction in Grande Prairie

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, is selling mining and heavy construction equipment and trucks-including a fleet of late model rock trucks-in an upcoming two-day, multi-million dollar, unreserved public auction at the Company’s brand new permanent auction site in Grande Prairie on Tuesday, November 24th to Wednesday, November 25th 2009 starting at 8:00... 

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Dozens of cranes sold at US$20 million Ritchie Bros. auction in Chicago

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, sold more than US$20 million of heavy equipment and trucks – including 61 cranes – at its unreserved public auction in Chicago, Illinois last week (July 16 17, 2009). More than 2,200 people from 49 U.S. states and 27 other countries registered to bid in person or online on more than 2,700 used equipment items, including... 

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Ritchie Bros. sells record US$3.57 billion of equipment at 2008 auctions

Vancouver-based Ritchie Bros. Auctioneers conducted its final unreserved auctions of 2008 last week and is pleased to announce a preliminary gross auction proceeds estimate of US$3.57 billion for the year. This represents a 12% increase over 2007 gross auction proceeds, making this the largest year in the Company’s 50-year history. Ritchie Bros., the world’s largest auctioneer of industrial... 

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Thompson Creek provides update on capital expenditure plans

Thompson Creek Metals Company Inc., one of the world’s largest publicly traded, pure molybdenum producers, today announced a reduction in planned capital expenditures including the postponement of the completion of the expansion project at its 75%-owned Endako Mine. “Given the sharp decline in the molybdenum price, Thompson Creek has decided to curtail planned capital expenditures. This... 

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Petroleum Elastomers Joins Simrit Oil and Gas

Simrit Oil & Gas, LLC, a wholly-owned subsidiary of Freudenberg-NOK General Partnership, announced the acquisition of the assets of Petroleum Elastomers of Houston, a manufacturer of specialized custom sealing components for the oil and gas industry. Terms of the agreement were not disclosed. Petroleum Elastomers molds a wide range of elastomeric products but is widely known for its blow out preventer... 

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Suncor Energy Board approves 2009 capital spending plan

Suncor Energy Inc. announced that its Board of Directors has approved a $6 billion capital spending plan for 2009. Approximately $3.6 billion in spending, or about 60% of the total, is targeted to Suncor’s Voyageur oil sands growth strategy. “Following a thorough review in light of current financial market conditions, we’ve modified our capital plans for 2009, reducing targeted spending... 

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Wajax Receives Competition Bureau Approval and Completes Purchase of Weir Process Equipment Business

Wajax Income Fund announced that it has received approval from the Competition Bureau to proceed with its previously announced agreement to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction closed today. Wajax is a diversified income fund that has three core distribution businesses engaged in the sale... 

Wajax Acquires Weir Process Equipment Business and Increases Monthly Distributions

Wajax Income Fund announced that its Industrial Components business unit, Kinecor, has agreed to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction is conditional on approval by the federal Competition Bureau. Closing will occur following receipt of approval which is expected in September. Weir Process... 

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Landdrill Completes Acquisition of Canadian Drilling Business

Landdrill International Inc. is pleased to announce that through its wholly owned Canadian subsidiary, it has acquired the assets of the exploration drilling company Forages M. Lafreniere Inc. (“FML”). FML is a Nedelec, Quebec based mineral exploration drilling contractor, operating seven drill rigs in Quebec and Ontario. LDI is acquiring all drilling equipment, support equipment and vehicles,... 

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Klondike Star Green Lights Indian River Gold Project

Hans Boge, P.Eng., President of Klondike Star Mineral Corporation, reported on the determination of probable mineral reserves sufficient to support a mining decision by the Board of Directors. The probable mineral reserve identified to date, based on drilling of over 600 holes on 60% of the Indian River property, calibrated by bulk sampling, is in the order of 66,000 crude ounces of gold. Gold was...