Regional News

Province approves Essar’s refinancing planEssar Steel Algoma has received final approval for its refinancing plan. (FILE PHOTO) By: Northern Ontario Business staffEssar Steel Algoma has received final approval for its refinancing plan.The Ontario Superior Court of Justice approved Essar’s Plan of Arrangement, deeming it fair under the Canada Business Corporations Act. The decision follows a vote of support for the plan by 92 per cent of 9.875 per cent of ...
Domtar, Espanola reach tax agreementDomtar and the Town of Espanola have reached a tax agreement regarding the company’s Espanola pulp and paper mill. (FILE PHOTO) By: Northern Ontario Business staffThe Town of Espanola and Domtar Inc. have reached an agreement that resolves outstanding tax matters.No details of the agreement were provided, but in a press release, the two parties indicated the agreement settles outstanding matters with respect to the mill's assessed value from 2009-2016 a...
Sudbury travel company caters to wintery outdoor adventuresDave and Kielyn Marrone manufacture their own clothing and equipment for their outdoor winter travel expeditions with Lure of the North. By: Jonathan MigneaultAccording to its owners, Sudbury's travel and tourism company, Lure of the North, is unique in Canada.Husband and wife Dave and Kielyn Marrone started the business in 2011 to give visitors a chance to explore Northern Ontario's natural winter landscape in the traditional fashion perfected by North ...
CEMI digs deeper into mining research Sudbury’s Centre for Excellence in Mining Innovation plans to launch a Canada-wide request for proposals by late September for projects that would fall under its $46-million Ultra Deep Mining Network. As mines go deeper underground, new technologies will be needed to ensure they remain productive. By: Jonathan MigneaultSudbury’s Centre for Excellence in Mining Innovation (CEMI) plans to launch a Canada-wide request for proposals by late September for projects that would fall under its $46-million Ultra Deep Mining Network.Last January, CEMI received a $15 million grant from the federal government's Business-led N...
Referendum to settle Sudbury store hours debateSudbury voters will decide on Oct. 27 whether or not the city should deregulate its retail business hours. By: Jonathan MigneaultOn Oct. 27, Sudbury voters will decide whether or not the city's store hours should be deregulated at the municipal level.Sudbury remains one of only a few communities in Ontario where, apart from a few exceptions, retail businesses are prevented from opening on Boxing Day, Family Day and the civic...
Home Builders' Association warns against illegal builders in SudburyA Monkhouse home under construction hosted representatives form the Ontario Home Builders' Association and Tarion Warranty Corporation, who spoke about the risks tied to illegal home builders. By: Jonathan MigneaultIllegal home builders can cost new homeowners hundreds of thousands of dollars if something goes wrong with their new home.That was the message the Ontario Home Builders' Association and Tarion Warranty Corporation brought to Sudbury in August during a provincial tour to educate consumers about the...
NORCAT's CEO looks ahead after two yearsNORCAT CEO Don Duval has led the organization for two years, and says he has no plans to leave any time soon. Under his leadership NORCAT has expanded its training and development services overseas, and has also rebranded its innovation hub. By: Jonathan MigneaultWhen Don Duval moved to Sudbury two years ago, to take over the reigns as the CEO of the Northern Centre for Advanced Technology (NORCAT), he admits he did not know a whole lot about the city.“I had spent the last 15 years either in the U.S. or in Toronto,” Duval said.Prior to accepting the post, h...
Mining equipment manufacturer diversifies to surviveMarcotte Mining Machinery Services Inc. hopes to expand its manufacturing plant from 35,000 square feet to 50,000 square feet over the next five years. The company has expanded to the offshore oil and power generation sectors in an effort to reduce its reliance on a stagnating mining sector. By: Jonathan MigneaultWere it not for an aggressive stance to diversify its manufacturing line, Marcotte Mining Machinery Services Inc., which celebrates its 35th year in business this year, may have faced the same financial difficulties as some of its competitors, such as the newly bankrupt Cast Resources.“With the rec...



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