De Beers Canada To Host $30M Auction

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De Beers is selling everything from the Snap Lake Mine located about 220 kilometres northeast of Yellowknife. The mine stopped production in December of 2015 and since then all equipment has been moved to three locations in Yellowknife for an auction August 1 and 2. The auction is open to the public. Buyers are expected to come fromĀ  as far away as South Africa, Australia, South America and other parts of Northern Canada.

There are tens of thousands items for sale, worth approximately $30 million.