Featured Advertiser
Published on: 6/18/2009 2:14:16 PM Font Size:  Normal Text Large Text

Gold prices continue to put the shine on Timmins growth


Construction, economic development projects full steam ahead


By: Nick Stewart

Continued interest in gold is bolstering the Timmins economy, with big-ticket construction projects and economic development accompanying new mining activity.
Continued interest in gold is bolstering the Timmins economy, with big-ticket construction projects and economic development accompanying new mining activity.


The financial fires continue to burn brightly in Timmins with the promise of millions in investment and ongoing growth.

With hundreds of jobs created through Lake Shore Gold and Apollo Gold's underground and open pit mines, and the numerous junior exploration firms scattered through the region, local optimism is running high.

Despite failing to land a diamond processing facility which eventually went to Sudbury, officials also remain confident in the ongoing impact of the De Beers Victor Mine, located 500 km of the city.

"Overall, we're holding our own," says Mayor Tom Laughren.

"There are worries and challenges, like there are with any municipality, but we have a real good business base and that definitely helps. We're seeing some solid numbers and for that we're pretty thankful."

As a visible sign of this fiscal confidence, construction crews can be seen working throughout the city on numerous projects sparked in part by the ongoing strength of gold, Timmins' flagship mineral.

Among these projects is the recently announced $10-million addition of a dialysis area to the Timmins District Hospital, as well as the new 4,000-square-foot women's shelter, "Centre passerelle pour femmes," worth $1.5 million.

Steel girders are already going up for the new four-storey Cochrane District Social Services Administration Board building facility on Algonquin Boulevard, with a project value of $6.7 million.

A new $1-million, 4,000-square-foot dental office is in the works for Riverside Drive, while nearby, the LCBO store is seeking a $300,000, 7,000-square-foot expansion.

Construction activity can be seen at the Walmart site, where work is well underway on the $7-million addition of a 38,000-square-foot grocery outlet.

On the tip of most city officials' tongues, however, are plans by Ontario Power Generation to pursue $300 million worth of work on Upper Mattagami River dams, all within 50 kilometres of the city. This work is expected to produce $80 million in local spin-offs.

Also piquing local hopes is the $10.8-million renovation of the St. Mary's Manor downtown. The former hospital will be converted into a senior's residence by Autumnwood Mature Lifestyle Communities Inc., a division of Sudbury-based Dalron Construction.

Such developments are moving the city towards the status of an increasingly important hub in northeastern Ontario, says Laughren. Already, Timmins is a central link between the municipalities and First Nations of points further north, and other northern Ontario centres such as Sudbury.

Strengthening this status as a nexus for the northeast is the nearly $23 million in post-secondary construction projects for Collège Boréal, l'Université de Hearst and Northern College, says Dave McGirr, president of the Timmins Economic Development Corporation (TEDC).

To further develop local appeal as an educational cluster, TEDC officials are planning to "look aggressively" at attracting a full-blown university campus to the region to complement the city's post-secondary offerings. The move, says TEDC CEO Christy Marinig, would further allow Timmins to retain students and skilled workers who would otherwise travel to Sudbury or southern Ontario.

The organization is also hiring a coordinator to examine economic development opportunities in First Nations communities within the city and upwards towards the coast.

"I think just having someone on the ground that understands the dynamics and knows who the players are, and building that knowledge, will help all of the businesses and organizations in Timmins and up the coast," says Marinig. "By having one central coordinator, all partners will be able to better share information and be more successful in working, delivering and implementing projects."

Funded by FedNor's Rural Economic Development program, this pilot project is being pursued in partnership with the Mushkegowuk Council in Moose Factory, and the Wabun Tribal Council, based in Timmins.

The coordinator will take the lead on "key projects" on behalf of the affected communities, where there is often a lack of capacity or resources for staff to pursue additional economic development opportunities.

If the project proves successful, the individual partners will contribute funding to ensure the continuation of the position beyond the three years.

www.timmins.ca
www.opg.com
www.cdssab.on.ca
www.timminsedc.com


Advertisement

Most Commented

Advertisement

Advertisement Available



Queen's Park must consult First Nation on Ring of Fire
Queen's Park must consult First Nation on Ring of Fire Northern Ontario Business staff Howard Hampton, NDP MPP for Kenora-Rainy River, said the McGuinty government must begin an "open and honest" dialogue with First Nation communities to realize the potential of the 'Ring of Fire' mineral deposits in Ontario's
McGuinty 'two-faced' on mining, says Tory MPP
McGuinty 'two-faced' on mining, says Tory MPP Northern Ontario Business staff The McGuinty Liberals are being "two-faced" on its stand on resource development in Ontario's Far North, said a Conservative MPP. Randy Hillier, MPP for Lanark, Frontenac, Lennox and Addington, said Dalton McGuinty and his ministers
Apollo Gold to acquire Linear Gold
Apollo Gold to acquire Linear Gold Northern Ontario Business staff The Denver-based Apollo Gold Corporation (TSX: APG), whose Black Fox Mine sits 75 kilometres east of Timmins, has signed a letter of intent to merge with the Halifax-based Linear Gold Corp. (TSX: LRR). Unanimously approved by both boards of dire
Collège Boréal appoints Stéphanie Leclair as director
Collège Boréal appoints Stéphanie Leclair as director Northern Ontario Business staff Recognized for her leadership and continued involvement in the Sudbury community, Stehphanie Leclair will be Collège Boréal's new director of office advancement. Leclair has shown key abilities in project management as well a
Contact North generates up to $16.1M to Northern Ontario: study
Contact North generates up to $16.1M to Northern Ontario: study Northern Ontario Business staff Contact North | Contact Nord, the world's largest distance education and training network, generates between $9.7 million and $16.1 million of economic activity in Northern Ontario, according to a recent study. Cond
HST will hurt Anishinabek households
HST will hurt Anishinabek households Northern Ontario Business staff Anishinabek Nation leaders say the federal government is being dishonest when Ottawa says there will be no negative impact from the Harmonized Sales Tax (HST). Grand Council Chief Patrick Madahbee said a major independent study establishes t
Alberta firm snaps up Timmins' Woodgreen Homes & Trailer Sales
Alberta firm snaps up Timmins' Woodgreen Homes & Trailer Sales Northern Ontario Business staff The Alberta-based ATCO Structures & Logistics has expanded its reach into Northern Ontario following the acquisition of Timmins' Woodgreen Homes & Trailer Sales. The move makes Timmins ATCO Structures &amp
Northwest tourism board president resigns
Northwest tourism board president resigns Northern Ontario Business staff Lori Paras is resigning as president of the North of Superior Tourism Association. In a March 10 media release, the association said Paras has "worked diligently" as president to position the tourism group as a leading regional marketin
Queenston Mining and Vault Minerals agree to merge
Queenston Mining and Vault Minerals agree to merge Northern Ontario Business staff Queenston Mining Inc. (TSX: QMI) and Vault Minerals Inc. (TSX-V: VMI) have entered into an agreement to amalgamate the two companies in an all-stock deal unanimously approved by both companies' boards of directors. The deal will
Sault papermaker to 'curtail' glossy paper production
Sault papermaker to 'curtail' glossy paper production Northern Ontario Business staff St. Marys Paper announced March 8 it will "curtail" production of specialty supercalender paper at its Sault Ste. Marie pulp and paper mill for an indefinite period starting March 12. The No. 5 paper machine is impacted. Com
Study suggests hiring will increase for professionals
Study suggests hiring will increase for professionals Northern Ontario Business staff There may be good news for those in professional occupations in the second quarter, according to a recent report. A net 15 per cent of Canadian executives interviewed for the Robert Half Professional Employment Report say the
Timmins Chamber opens nominations for business excellence awards
Timmins Chamber opens nominations for business excellence awards Northern Ontario Business staff The Timmins Chamber of Commerce has officially begun a call for nominations for its annual Nova Awards, a celebration of business excellence in the region. The event, to be held May 6, will feature winners in 13 ca