Press Release (in English)
VANCOUVER, CANADA and AMSTERDAM, THE NETHERLANDS (February 19, 2016) – Ritchie Bros. Auctioneers Incorporated (NYSE and TSX: RBA, “the Company” or “Ritchie Bros.”), the world’s largest industrial auctioneer, is pleased to announce that it has acquired Mascus International Holding BV (“Mascus”), a leading global online equipment listing service.
Online Mining Auction Industry Booms
In a year characterized by cost pressures and commodity price decreases, 2015 was remembered by many in South Africa’s struggling mining industry as a year of technology adoption. Mines were forced to find new ways to secure revenue and one such means of generating much needed income was the online mining auction sector, which experienced its highest growth ever during 2015.
Online auctions becoming single biggest platform for trading mining assets
Strategies within the local mining sector have shifted drastically over recent years. With continued challenges within mines houses, many companies have been forced to move their focus away from growth and expansion to that of efficiency and cost control. ...