Industry News

North American Palladium posts second quarter loss By: Northern Ontario Business staff It was a tough second quarter for North American Palladium (NAP). The Toronto-based owner of the Lac des Iles Mine reported an adjusted EBITDA loss of $4 million, a decrease of $14.5 million compared to the $10.5 million during the same period last year. A tailings pond spill at the mine, 8...
Program exposes youth to natural resource careers By: Northern Ontario Business staff An educational program in northwestern Ontario is exposing First Nations youth to prospective careers in the natural resource sector. During the last week of July, 55 participants gathered for a science camp at Confederation College and Lakehead University in Thunder Bay. Since 2000, Outlan...
Terminal expansion finally coming for Sioux Lookout Airport Sioux Lookout Airport terminal. By: Ian Ross It’s been an odyssey but the Sioux Lookout Airport is finally proceeding with an overdue expansion and upgrade to its main terminal building. The federal and provincial government joined the Town of Sioux Lookout in announcing an equal three-way funding deal on July 30 to proceed with a $12....
New Gold forges ahead with mine construction By: Northern Ontario Business staff Construction of the Rainy River open-pit gold mine in northwestern Ontario is progressing on schedule reported New Gold in its second quarter results. The Toronto and Vancouver-based miner said the first major earthworks for the processing plant started in May with completion scheduled for t...
Kenora Forest Products is restarting this fall after a seven-year shutdownThe long-awaited restart of Kenora Forest Products received a cash injection courtesy from Ottawa. By: Northern Ontario Business staffThe long-awaited restart of Kenora Forest Products received a cash injection courtesy from Ottawa.Local MP Greg Rickford, the federal natural resources minster and FedNor czar, announced a $3 million loan to Prendiville Industries, the operation’s parent company, to assist in the Kenora stud s...
White River Forest Products cashes up to make high-tech improvementsA new $15-million production line is being installed at White River Forest Products to boost production output at the North Shore mill. By: Ian RossFrank Dottori has lofty expectations for White River Forest Products.The sawmill, located halfway between Sault Ste. Marie and Thunder Bay, is undergoing a $20-million overhaul over the next two years with a high efficiency production line arriving this summer, buttressed by a much-needed finan...
Gowest acquiring more mining claimsGowest’s property near Timmins By: Northern Ontario Business staffGowest Gold Ltd. has entered an agreement with Crown Mining Corp. to acquire mining claims adjacent to the past-producing Hallnor Gold Mine.Under the agreement, Gowest would acquire 100 per cent interest in four patented claims totalling 64 hectares located in Whitney Township near Timmins.The ...
Webequie joins the North Star club Webequie Chief Cornelius Wabasse and North Star CEO Frank Kelner sign of partnership agreement. By: Northern Ontario Business staffThunder Bay’s North Star Air announced it has signed a “strategic business agreement” with Webequie First Nation.Webequie joins nine other First Nation communities in an alliance with the regional passenger and freight carrier. The other communities are Muskrat Dam, Sachigo Lake, Cat Lake, Dee...



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