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Ritchie Bros. Auctioneers to conduct largest Wyoming auction in its history

August 17, 2012

Unreserved equipment auction in Gillette on August 30 will feature more
equipment than the Company has ever sold in a single auction in the
state of Wyoming

GILLETTE, WY, Aug. 17, 2012 /PRNewswire/ – On Thursday, August 30, Ritchie
Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial
auctioneer, will sell more equipment than it has ever sold before in a
single auction in the state of Wyoming. In total, more than 800
equipment items, including a large selection of mining, construction
and transportation equipment, will be sold to the highest
bidders–without minimum bids or reserve prices. Bids in the auction can
be made in person at the auction site (10577 Wyoming 59, Gillette, WY,
82718), online in real time at www.rbauction.com or by proxy.

“This auction features a lot of large, unique mining equipment along
with a great selection of excavators, crawler tractors, scrapers and
more,” said Steve Merich, Regional Sales Manager, Ritchie Bros.
Auctioneers. “We conducted our last auction in Gillette more than two
years ago. We are glad to be back with an auction of this magnitude–the
largest we have ever conducted in the state, in terms of the amount of
equipment available. We welcome everyone to come and check out the
equipment and bid in the auction–as we will have something for nearly
every type of equipment user.”

Specific equipment highlights in the Gillette, WY auction include:

        --  12 Caterpillar 773B rock trucks
        --  six Caterpillar 777B rock trucks
        --  five Hitachi EX1200 series hydraulic excavators
        --  a 2008 Hitachi EX1900-6 BE hydraulic excavator
        --  nine Caterpillar 651E motor scrapers
        --  four Caterpillar 657E motor scrapers
        --  five Caterpillar D10N crawler tractors
        --  two Caterpillar D9N crawler tractors
        --  a 2011 Tesab RK1012S impact crusher
        --  a 2007 Tesmec TRS950SL crawler trencher
        --  a 2010 John Deere 544K wheel loader

Close to 350 of the equipment items in the auction are being sold for
Larry Suchor, owner of Larry’s Mining Inc., a large topsoil and
overburden-removal company based in Wyoming, who is retiring after 45
years in the business.

“I’m selling the entire fleet–rock trucks, belly dumps, excavators and
much more,” said Mr. Suchor. “Much of this equipment was specifically
designed for dealing with long distance hauls, which was a key factor
to the efficiency and success of my company. Back in 2004, I sold a
division of my company with Ritchie Bros. in Gillette and I am happy to
be selling with Ritchie Bros. again because of the great customer reach
they have worldwide.”

Registration to bid is free. For more information about the auction,
visit www.rbauction.com or contact the auction site at +1.307.682.2238.

Auction details:

        --  Auction location: 10577 Wyoming 59, Gillette, WY, 82718
        --  Site phone: +1.307.682.2238
        --  Every auction is open to the public; registration to bid is
            free; a refundable bid deposit may be required
        --  How to register and bid:
      o In person at the auction site
      o Online at rbauction.com -
        register in advance and bid online in real time on auction day; a
        refundable bid deposit may be required; first-time online bidders
        should register several days in advance of the auction
      o By proxy - phone the auction site to place a proxy bid

About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is
the world’s largest industrial auctioneer, selling more equipment to
on-site and online bidders than any other company in the world. Ritchie
Bros. offers services that enable the world’s builders to easily and
confidently exchange equipment. The Company conducts hundreds of
unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25
countries, including 44 auction sites worldwide. The Company maintains
a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on
Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers


Source: PR Newswire