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Hilco Industrial to Conduct Rio Tinto Mineral-Mining Equipment Sale

NORTHBROOK, Ill., Oct. 11, 2016 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, announced the upcoming asset sale for Rio Tinto Kennecott, a subsidiary of Rio Tinto Group. This sale is offered in partnership with Perry Videx and Aaron Equipment, and will be conducted via webcast on the HilcoBid auction platform on December 8th, though some assets are currently available for sale at www.hilcoind.com/riotinto.

This sale is highlighted by many late-model, never-used pieces of chemical processing equipment including a solar turbine generator, tower filter presses, horizontal filter presses, air handling, autoclave, boiler, compactors, blenders & mixers, thermascrew processor, continuous flow 2-zone conveyor dryer/cooler, cage mill, bulk material load/unload/transfer, dryers & kilns, centrifuges, dust collectors, tanks, pumps, valves, electrical components & systems, and many more pieces of miscellaneous equipment.

Rio Tinto Kennecott Copper is an integrated mining operation located outside of Salt Lake City, Utah that includes a Molybdenum Autoclave Plant (MAP). Molybdenum is a mineral that is found within copper deposits. The MAP was designed to separate the molybdenum from the copper and process it to chemical grade with high efficiency through an autoclave process. Rio stopped construction of the project in 2013. All of the equipment was purchased new and fully-installed, tested, and maintained; partially installed; or is properly stored in climate controlled facilities onsite.

For additional information on the auction, assets sold, or assets remaining, please visit http://www.hilcoind.com, or contact:

About Hilco Industrial: Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com ), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, consulting and strategic capital investments.

CONTACT: Gary Epstein EVP-CMO Hilco Global Office: 847-418-2712 Mobile: 847-323-4943 Email: gepstein@hilcoglobal.com

Source: Hilco Global