Industry News

Porter looks to sell Toronto terminalRobert Deluce, founder of Porter Airlines, said, if complete, the sale of the airline’s terminal at Billy Bishop airport would not impact passenger operations. (FILE PHOTO) By: Northern Ontario Business staffPorter Aviation Holdings Inc. (PAHI), the parent company of Porter Airlines, is looking to sell its passenger terminal at Billy Bishop airport in Toronto.In a news release, the company said it would look to lease back the terminal and there would be no change to its airline operations. It said ...
Wallbridge secures bridge loanAuramet has agreed to provide Wallbridge Mining with a bridge loan to help with its startup costs for the Broken Hammer mine near Sudbury. (FILE PHOTO) By: Northern Ontario Business staffWallbridge Mining Company Ltd. has secured additional funding to help start up its Broken Hammer nickel-copper-PGM mine near Sudbury.Auramet is providing Wallbridge with US$1.5 million in the form of a bridge loan, will bridge the period until sufficient revenue is received to achieve payback of...
Muskoka company gets expansion fundsMuskoka Rock Company, which produces granite products from its Gravenhurst manufacturing facility, will use federal funding to expand into new markets. (PHOTO SUPPLIED) By: Northern Ontario Business staffA Gravenhurst company specializing in natural granite products for commercial and residential use has received $600,000 from FedNor.The money will be used to upgrade and modify Muskoka Rock Company’s manufacturing facility, as well as install state-of-the-art equipment to create an automated pr...
Kerr Mines raises cash for operationsKerr Mines plans to raise $15 million for its operations. (FILE PHOTO) By: Northern Ontario Business staffKerr Mines, which recently reached a merger agreement with San Gold, has announced it’s raising $15 million for general operations.The company announced it would issue units of the company to raise profits of $5 million in a non-brokered private placement. It will subsequently complete a $10-mi...
Ring of Fire news greeted with shrugsNorthern Development and Mines Minister Michael Gravelle said the establishment of an interim board for the Ring of Fire development corporation will help formalize discussions and bring partners to the table for infrastructure discussions. (FILE PHOTO) By: Jonathan MigneaultThe province announced Thursday its plans to establish an interim board for the Ring of Fire development corporation, but critics say the announcement has been too little too late. “I'm really pleased that we're in a position today to take this very significant step forward to drive the Ring of ...
Sudbury company fined after fatal accident By: Northern Ontario Business staffHigh Strength Plates & Profiles Inc., a company that processes high-strength plate and sheet steel, has been fined $110,000 in the death of a worker at its operation centre in Lively, located just outside of Sudbury.On May 21, 2013, a worker who had been employed at the centre for a short period...
Province unveils corporate body to plot Ring of FireThe province has met its July 3 commitment to establish a development corporation within 60 days. Pictured is Noront’s Esker Camp. (FILE PHOTO) By: Northern Ontario Business staffThe province announced today it met its campaign promise of establishing a development corporation for the Ring of Fire within 60 days of re-election.With headquarters to be located in Thunder Bay, the Ring of Fire Infrastructure Development Corporation will work to bring First Nations and the ...
Gravelle mum on Ring of Fire development corporationNorthern Development and Mines Minister Michael Gravelle said federal government support will be crucial to build infrastructure in the Ring of Fire. By: Jonathan MigneaultNorthern Development and Mines Minister Michael Gravelle said the province is not yet ready to announce a development corporation to lead infrastructure decisions around the Ring of Fire, despite a nearing self-imposed deadline.Gravelle was not able to share new information regarding the long-await...



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