Auctions & Liquidations Mining Assets - Stornoway Diamonds - Renard Mine

TIMED ONLINE AUCTION SALE

TCL Asset Group Inc. is pleased to announce that it has been awarded the contract to manage the sale of surplus assets from the Stornoway Diamonds (Canada) Inc. Renard Diamond Mine Site (Renard Mine). Assets sales feature Millions of Dollars in Assets in “Red Zone” Diamond Process Recovery, Mine Hoisting Operations, Underground/Surface Electrical Support & Related, FAR Surface Infrastructure, Rolling Stock as well as Site-Related Machinery and Inventory

The site is located approx. 800 km north of Montreal, Quebec in the James Bay region. The Renard Mine is one of only five diamond mines in Canada, and the only diamond mine in the Province of Quebec. In 2023, Deloitte Restructuring Inc. was engaged in their capacity as the monitor in the CCAA proceeding of Stornoway. The mine was placed in care and maintenance in March 2025.

TCL will be conducting a Liquidation of the Diamond Recovery Facility and Tomra Sorting System over the course of the next six months. Concurrently, TCL will hold an Online Auction scheduled for September 2025. Assets available during the auction phase include rolling stock, underground substations, switch gear, pumping stations, FAR surface infrastructure, mine hoists, inventory of wire and cable, and related underground machinery and equipment.

Mining Assets to be sold by Timed Online Auction - Bidding Starts Closing -  Sept. 3, 2025 at 10:00 AM ET

Wire and Cable Assets to be sold by Live Webcast Sale - Bidding Takes Place - September 4, 2025 at 11:00 AM ET

Asset Inspection -  By appointment only - call +1-905-660-1367

Asset Location: Renard Mine, Jamesie, Quebec, Canada 

LOCATION OF ASSETS:

The Renard Diamond Mine, located in the James Bay region of Quebec, is accessible by road via the Route 167 extension. This all-season road connects the mine to the communities of Mistissini and Chibougamau, and ultimately to the provincial highway network. The final 97 km section, is known as the Renard Mine Road. Please contact our office for details on how to obtain road and mine access.

COMPLETE CATALOG NOW POSTED 

AUCTION SALE  ASSETS INCLUDE:

• Underground mining electrical - (substations, switch gear, etc.)
• Underground pumping stations
• Far Surface Infrastructure (FAR)
• Mine Hoists – (includes related electrical room assets)
• Compressors
• Technical services tools, radio communication and safety equipment
• Inventory of wire and cable (new and recovered underground)
• Vehicle and parts
• Warehouse inventory assets
• Underground mine fans and related assets

CLICK HERE TO REVIEW PRIVATE NEGOTIATED SALE PAGE FOR ALL OTHER ASSETS BEING SOLD!

IMPORTANT INFORMATION:

• All assets are sold AS IS, WHERE IS.
• Please review the catalogs and read all LOT Descriptions carefully.
• Assets are subject to prior sale and catalog will be adjusted accordingly.
• Buyer’s Premium is 18%.
• Sales Tax - GST /QST 14.975%
• Sale is conducted and payable in USD
• Terms and Conditions of Sale
• Buyer is solely responsible for all costs and arrangements related to the dismantling, removal, loading, and shipping of purchased assets. There will be no personnel on-site to assist with these services, and no designated rigger is available. Buyers must bring their own qualified personnel and equipment as needed and conform to all Health and Safety requirements of Stornoway Diamond Mine and their Renard Mine Site. Consult lot descriptions for removal status and requirements.

Transportation Companies - the following companies can provide quotes on transportation only:

WRS PRO-TRANSPORT
Shanny Deroy, Division Canada

dispatchcan@wrsprotransport.ca

1401, rue des Foreurs
Val-d’Or (Québec)  J9P 6X9

Téléphone : 819-860-4426

Groupe Ungava 

Sebastien Vandal 

418-748-2511 

sebastien.vandal@groupeungava.com

For more information or make an offer, please contact our office at 905-660-1367 or email Terrance Jacobs at tjacobs@managingyourassets.com