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Four north Ontario mine suppliers receive provincial funding

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The Northern Ontario Heritage Fund Corporation announced last week funding for four mine suppliers in Ontario's north.

The Ontario government made the following disbursements:

  • $962,520 for Premier Mining Products Incto expand its manufacturing operation of diamond drilling components and diversify its market.
  • $400,000 for Foraco Canada Ltd to purchase additional drilling equipment to expand its business.
  • $251,277 for Miller Technology Incto develop a battery electric vehicle (BEV) to replace the diesel vehicles currently used in most mines.
  • $140,003 for Epiroc Canada to improve the resistance and performance of its mining equipment.

Vic Fedeli, MPP for Nipissing, said the investment will create jobs.

"Our government continues to foster a strong future in North Bay by supporting economic growth, creating jobs and reaffirming the North as a great place to live and work," said MPP Fedeli"It's one more way we are signalling to the world that Northern Ontario is open for business and open for jobs."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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