Ontario Government to Invest $900K For Mining Research
The Ontario government announced on Friday it’s investing $900,000 into funding for mining research.
Ontario’s premier Kathleen Wynee said the investment, which will be provided through the Northern Ontario Heritage Fund Corporation (NOHFC), will go towards creating jobs, reducing operating costs and improving safety in the mining industry.
“We are making smart investments through the NOHFC to help support innovation and job creation in key sectors like mining. When we support Northern Ontario’s success and build on the North’s unique strengths in mining, we ensure a more prosperous future for the entire province," Wynne said.
A majority of the investment will go towards the Centre for Excellence in Mining Innovation to create a mobile canopy system to assist companies in developing tunnels faster as well as keeping workers and equipment safe.
The contribution is expected to speed up the development of deep mineral deposits and help to make it more economically feasible to open new mines, leading to more mining jobs in Northern Ontario.
"I am very pleased that the NOHFC is investing in innovative research in Northern Ontario,” NOHFC chairperson and Northern Development and Mines Minister Michael Gravelle said.
“These projects will further advance Sudbury’s position as a leader in the mining services and supply sector. And they will have a large impact on underground workplaces, and on the health and safety of underground workers.”
The investment is part of Ontario’s plan to build the province up by investing in people, building modern infrastructure and supporting a dynamic and innovative business climate.
Since 2003, the NOHFC has invested $953-million in projects across Northern Ontario, creating more than 23,800 jobs.
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