Machinery Traders Hold Fascinating Auction
Orlando: Richie Bros., a manufacturer and trader of heavy metal products and one of the largest machinery traders
, auctioned more than 10,000 heavy equipment items recently in Orlando. In the process of auctioning these heavy metal and machinery items, the company broke a number of records.
Peter Blake, Ritchie Bros. CEO said, “In more than 50 years of business we have never held or seen an equipment auction of this magnitude, and we thank our customers and our staff for being part of this historic week.” He continued by indicating, “We saw multiple auction records broken during this event and, as with all our auctions, it was a truly global marketplace in Orlando. Bidder participation from within Florida and around the world helped sellers achieve true global market value on the sale of their equipment. We begin 2012 confident that we're providing compelling solutions and value to the world's builders-our Orlando auction, our third industrial auction of the year, has set the stage for us to continue carrying out our mission.”
It has been reported that more than 4070 registered bidders participated in the auction from across the globe using the Richie Bros. real time online bidding platform. The online bidders purchased more than USD 47 million of equipment.
Oxford: The ball bearings manufacturer, RBC Bearings, was given a 5-star rating based on the 180,000 investors participating in the Motley Fool CAPS, a free investing community. All the 125 members who rate the ball bearings company believed that the RBC stocks will outperform in the S&P 500
USA: According to the Standard and Poor’s GSCI Spot Index, the price of 24 raw metals fell drastically this year, a sign that the global economic slowdown is lessening the demand for raw metals and metal products. The index shows that the price fell by almost 1.5 percent
Chile: In a bid to produce and promote the use of clean copper energy in Chile, Xstrata Copper has partnered with Origin Energy Limited whereby by Origin Energy will have 51% stake in Xstrata Copper’s Energia Austral hydroelectric development company, located in Chile. Origin Energy has the experience and expertise track record
United States: FashionSeating.com has recently introduced metal products in form of metal seating options for various markets. These seatings are made of solid metal bars to give them both durability and modish look. The collection is available online at the company’s retail website
United States: Even though the metal product manufacturing industry has shown some signs of improvement, it has not yet become stable. The demand for galvanized steel and steel metal sheets is still extremely poor. The setback that the residential and commercial construction sectors have been facing is largely due to the lull
Europe: There are times when history jumps out from the past and lands up in the present only to strengthen certain thoughts and concepts. People who think that the use of metals and metal products are a new find think again. Archaeologists have found a trading vessel which dates back 5000 years and it contains a large valuable
Florida: The independent Feasibility study has revealed the mineral reserve estimate of gold tubes at the North-Eastern Kazakhstan Kyzyl Gold Project at 5.76 million ounces. The result was announced by the Ivanhoe Mines Founder and Chief Executive Officer, Robert Friedland and the Altynalmas Gold Chairman
Washington: With many innovations and a lot of research going on in the metal products’ industry, chain link manufacturers and sellers have also come up with a variety of ways for keeping their products in demand. Hercules, a master manufacturer of chain links and chain link fencing, has done an outstanding job
Nigeria: The economy of any country flourishes with its development in the metals and minerals industry. Previously, this experience was lacking in Nigeria, which is why the country had to suffer tremendous economic setback. In the recent times, Nigeria could not live up to its full potential of processing and creating metal products
Vancouver: Cangold Limited has announced that it has started a new metallurgy project this month. The company that conducts a number of metallurgy programs for testing and exploring the best metals for metal products’ manufacture has commenced its testing program for the Ixhuatan Gold-Silver Project in Chiapas, Mexico