Ritchie Bros. to Conduct Large Unreserved Mining Equipment Auction on the Gold Coast for Downer EDI Mining

Twenty-four 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., the world’s 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; it’s a credit to Downer EDI Mining,” said Simon Ross, Ritchie Bros. Regional Manager. “The auction is still two months away, but we’ve 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. We’ll also be adding consignments right up until sale day.”

Downer EDI Mining is one of Australia’s 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 8:00 a.m. 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 2-3 business days is recommended for first-time registrants).

ATTENTION: MEDIA – You are invited to attend the auction. Directions to the Ritchie Bros. Gold Coast auction site from Brisbane Airport: take the Gateway Arterial Road south over the Gateway Toll bridge (toll $2.50 AUD). Continue south on Gateway Arterial Road to Southeast Freeway (F3). Take the Gold Coast exit on your left. Head south on Southeast Freeway, which becomes the Pacific Highway. Take the Yatala South exit (No.41) and follow the auction signs to the sale site. (Approx. trip time 40 minutes.) The auction starts at 8 a.m. on Tuesday, 18 September 2007.

PHOTOS – There are photos for you to use with your articles at www.rbauction.com/media.

About Ritchie Bros.

Ritchie Bros. is the world’s largest auctioneer of industrial equipment, operating through over 110 locations in more than 25 countries around the world. The Company sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries. The Company maintains a website at www.rbauction.com.