Renard diamond mine explained

The Renard mine was a diamond mine in Canada which opened in July 2014.^[1] The mine is located in Quebec and is projected to produce 1.5–2 million carats per year.^[1] In July 2014, SNC-Lavalin was awarded the EPCM contract for mine related construction management.^[2] In December 2016 the operator of the mine, Stornoway Diamond, announced it had achieved commercial production at Renard.^[3]

In October 2023, the mine "temporarily ceased" activities and filed for creditor protection, as the price of diamonds plummeted, laying off some 85% of its workforce^[4] . It was announced in April 2024 that the mine was to be sold to Australian company Winsome Resources and repurposed as a lithium processing plant.^[5]

The mine is served by Renard Aerodrome.^[6]

Notes and References

1. https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/quebecs-renard-diamond-mine-offers-a-glimmer-of-hope-for-slowing-industry/article19479260/ Quebec’s Renard diamond mine is a glimmer of hope for slowing industry
2. Web site: SNC-Lavalin awarded EPCM contract by Stornoway Diamonds for Quebec's first diamond project. 2014. Wall Street Journal. 2014-10-08.
3. Web site: Stornoway Diamond Declares Commercial Production at Renard Mine. 2016. Junior Mining Network. 2016-12-22.
4. News: Quebec's only diamond mine shuts down as owner Stornoway Diamonds files for creditor protection . The Montreal Gazette.
5. News: Renard Diamond Mine's New Life, as Lithium Plant . IDEX Online.
6. . Mine coordinates are approximate based on the aerodrome location.