Mining equipment auction

A TOTAL of 24 rock trucks and dozens of other late-model heavy equipment items will be sold to the highestBidders – regardless of price-when Ritchie Bros Auctioneers conducts a large unreserved mining equipment auction

A TOTAL of 24 rock trucks and dozens of other late-model heavy equipment items will be sold to the highest

Bidders — regardless of price-when Ritchie Bros Auctioneers conducts a large unreserved mining equipment auction on 18 September 2007 in Yatala on the Gold Coast, just south of Brisbane, Australia.

Ritchie Bros., said to be the worlds largest auctioneer of trucks and industrial equipment, will be selling equipment at the public auction for Downer EDI Mining (formerly Roche Mining) and more than 20 other owners.

So far, there are over 430 items being sold on auction day, including late model motor scrapers, wheel loaders, hydraulic excavators, motor graders, crawler tractors and water trucks.

We are very pleased to be selling such a high caliber, clean, well-maintained mining equipment package; its a credit to Downer EDI Mining, said Simon Ross, Ritchie Bros. Regional Manager.

The auction is still two months away, but weve already got a great selection of equipment to offer our customers and everything will be sold to the highest bidder on sale day, regardless of price. Well also be adding consignments right up until sale day.

Downer EDI Mining is one of Australias major providers of open-cut and underground mining and mine development services.

Downer EDI Mining have entered into an agreement with Ritchie Bros. to sell more than 40 heavy earthmoving equipment items at the upcoming Gold Coast auction, including three 2005 and one 2003 Komatsu hydraulic excavators; four late-model Cat crawler tractors (two D10R and two D9R); 16 Cat 777D rock trucks; two 1994 Cat 775B 35,000 litre water trucks; five late-model wheel loaders; and three late-model motor graders.

The equipment was used in a recently completed mining project in Laos.

The unreserved public auction starts at 8 am on Tuesday, 18 September 2007 at the permanent Ritchie Bros. auction site on the Gold Coast.

The auction site is located at the corner of Burnside Road and the Pacific Highway in Yatala, Queensland. Like all Ritchie Bros. auctions, the Gold Coast auction will be completely unreserved-meaning everything sells to the highest bidder on auction day, regardless of price.

There are no minimum bids or reserve prices. Everything is sold as is, where is. Registration is free.

Interested bidders can find a complete listing of equipment in the auction, including photos, on the Ritchie Bros. web site at www.rbauction.com.

Bid online

Interested buyers who are unable to attend the Gold Coast auction in person are able to bid online, live and in real time, using the Ritchie Bros. internet bidding service, rbauctionBid-Live.

Internet bidders must register online before auction day at www.rbauction.com — at least two to three business days is recommended for first-time registrants.

Key contact:

Simon Ross

Regional Manager, Ritchie Bros. Auctioneers

sross@rbauction.com

www.rbauction.com

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.