Ontario’s government has invested over C$2.3 million ($1.7 million) in seven local businesses in North Bay, northern Ontario, the majority of which has gone towards mining equipment technology and service (METS) companies.
Vic Fedeli, MPP for Nipissing (pictured), was at Drillco Mining on Friday to announce C$250,000 to develop a diamond core drilling rig that can drill in reverse circulation, resulting in potential cost savings for the mining industry, the government said.
“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.”
Other investments include:
- C$962,520 for Premier Mining Products Inc to expand its manufacturing operation of diamond drilling components and diversify its market;
- C$400,000 for Foraco Canada Ltd to purchase additional drilling equipment to expand its business;
- C$251,277 for Miller Technology Inc to develop a battery electric vehicle to replace the diesel vehicles currently used in most mines, and;
- C$140,003 for Epiroc Canada to improve the resistance and performance of its mining equipment.