Industry News

Ring of Fire infrastructure money will be in provincial budgetRing of Fire money will be included in the Wynne government’s upcoming spring budget, said Ontario’s finance minister Charles Sousa during a pre-election stop in Sudbury. By: Darren MacDonaldOntario's finance minister was in Sudbury, April 22, sounding upbeat and promoting his budget, which will be released May 1.But while long on positivity, Charles Sousa was short on specifics, even though many items expected to be in the budget were leaked April 1. Sousa said he was almost glad budg...
Junior miner still not buying Ontario’s argument A Sudbury-based junior gold miner that’s suing the Ontario government for $110 million still maintains the province fell short of its legal duty to consult with a First Nation that “evicted” the company from a remote area of northwestern Ontario following a series of disputes in 2011. By: Northern Ontario Business staffA Sudbury-based junior gold miner that’s suing the Ontario government for $110 million still maintains the province fell short of its legal duty to consult with a First Nation that “evicted” the company from a remote area of northwestern Ontario following a series of disputes in 2011.Northern Super...
Passenger rail provides “substantial economic benefit”Passenger rail service in the Algoma district generates between $38 million and $48 million in annual economic activity. By: Northern Ontario Business staffPassenger rail service in the Algoma district generates between $38 million and $48 million in annual economic activity.BDO Canada has prepared a preliminary socio-economic impact assessment of the Algoma Central Railway (ACR), which is in danger of being axed by Canadian National Railway (CN) in 2...
Government infrastructure money found herePPP Canada announced April 14 that it’s taking applications for “Round Six” of the P3 Canada Fund. By: Northern Ontario Business staffPPP Canada announced April 14 that it’s taking applications for “Round Six” of the P3 Canada Fund.PPP Canada is a federal Crown corporation with a funding program that supports the construction model involving public-private partnerships (P3s) in a number of categories.The $1.2-billion fund was fir...
U.S. firm acquires Sudbury mining manufacturer By: Northern Ontario Business staffA major Sudburymining manufacturer has been sold to an international mining company from Milwaukee.Joy Global Inc. announced its acquisition of Mining Technologies International (MTI) for $51 million. MTI manufactures underground mining equipment for North American markets.MTI is “a world leading s...
Transition Metals cashes up for exploration By: Northern Ontario Business staffSudbury’s Transition Metals has closed a private placement financing of more than $2 million.The April 16 announcement comes days after earlier financing news of a $1.5-million investment by Royal Nickel Corp. into Transition Metal’s 65 per cent-owned subsidiary, Sudbury Platinum Corporation, to ad...
Osisko staves off Goldcorp takeover By: Northern Ontario Business staffMontreal’s Osisko Mining announced April 16 that it has reached an agreement with Yamana Gold and Agnico Eagle to jointly buy all Osisko's issued and outstanding common shares for $3.9-billion or $8.15 a share.Under the terms of the agreement, Yamana and Agnico Eagle would form a 50-50 joint-ventur...
Northern grads find mining work By: Northern Ontario Business staffRichmont Mines wants to snatch up graduates of Northern College’s underground hard rock miner common core program.Ten students were given job offers after they completed the on-site portion of their training at Richmont’s Island Gold Mine in Dubreuilville.Northern delivers its 12-week program throu...



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