Ritchie Bros. to sell mining assets of Appalachian Fuels at Charleston auction

. September 3, 2009

Ritchie Bros. Auctioneers , the world’s largest industrial auctioneer, will conduct a complete dispersal of mining and heavy construction equipment for Appalachian Fuels, LLC in Charleston, WV on September 28, 2009. More than 450 equipment items will be sold without minimum bids or reserve prices during the one-day unreserved public auction at the Charleston Civic Center. Interested buyers can bid in person at the civic center, online in real time at www.rbauction.com or by proxy.

“This is the largest package of mining equipment we’ve seen in a single auction for some time,” said Joe Boyle, Vice President, Ritchie Bros. Auctioneers. “Appalachian Fuels invested money into upgrading and maintaining this equipment so it would stay in good working order. This dispersal definitely wasn’t something planned – but now other equipment users have an excellent opportunity to obtain good quality, used heavy construction and mining equipment at fair market prices during our unreserved auction in Charleston on September 28. We’ve already had expressions of interest in this equipment from people in Australia, South America and South Africa, as well as Canada and the U.S.”

Hundreds of equipment items will be sold to the highest bidders at the September 28 auction, including more than 30 crawler tractors, nearly 30 wheel loaders and more than a dozen rock trucks, as well as a large selection of motor graders, hydraulic excavators, articulated dump trucks, water wagons and blast-hole drills. A number of late-model pieces will be sold on auction day, including two 2008 Cat 993K wheel loaders, a 2006 Cat 988H wheel loader, a 2008 Cat D10T crawler tractor and two 2008 Liddell tri-axle lowboy trailers.

Appalachian Fuels is a large coal mining operation headquartered in Ashland, Kentucky. The equipment being sold on September 28 is distributed between several mines in Kentucky, West Virginia and Illinois. Equipment can be inspected at each mine site starting on September 21, 2009. Viewing information can be found at www.rbauction.com/mining. Appointments to view the equipment prior to September 21st can be made by contacting Ritchie Bros. at +1.410.287.4330.

The auction will take place at the Charleston Civic Center, with all of the equipment being sold remotely using the Ritchie Bros. Virtual Ramp auction method. Large photos of each lot will be displayed for the bidding audience at the civic center; interested buyers can also bid online in real time or by proxy.

Charleston auction details: ————————— – Time and date: Monday, September 28, 2009 starting at 8:00 a.m. – Location: Charleston Civic Center, 200 Civic Center Drive, Charleston, WV 25301 – Auction site phone: +1.304.342.0717. Auction site fax: + 1.304.342.2108. – Auction is open to the public; registration to bid is free. Interested buyers can bid in person, online or by proxy: – Visit the auction site to register to bid in person; photo I.D. is required. First-time bidders from the U.S. and Canada must place a refundable US$1,000 deposit when they register. Foreign bidders must place a refundable US$10,000 deposit when they register. – Internet bidders must register online before auction day at www.rbauction.com; at least 2-3 business days is recommended for first-time internet bidders. – Phone the auction site to place a proxy bid: +1.304.342.0717. – Equipment details, including photos, are available at www.rbauction.com/mining.

Category: Auction News

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