Around the North

On the heels of a recently announced $30-million project facility loan, Sudbury's First Nickel Inc. has secured another $5 million. The money was obtained from private equity fund Resource Capital Fund IV L.P. as a bridge loan facility.

From Red Lake to Sudbury, Northern ridings have seen a flurry of federal dollars following a whirlwind tour by Tony Clement, the federal minister of Industry and in charge of FedNor.

The municipalities of the North are struggling in their efforts to support local businesses, according to a survey released by the Canadian Federation of Independent Business.

An exploration partnership between Kirkland Lake Gold and Queenston Mining has grown closer.

Probe Mines has released an initial mineral resource estimate for its Black Creek chromite deposit at McFauld's Lake in the James Bay lowlands. With a cutoff grade of 30 per cent, the project contains measured and indicated resources of 5.

Highway improvements are being made between Sudbury and North Bay as the Ontario government has announced the awarding of road improvement contracts. Pioneer Construction was awarded a $5.

With a new labour deal in place, Sudbury's First Nickel Inc. is on the prowl for money to expand its Lockerby Mine. The company announced Aug.

The Ontario government has given the official green light to begin converting the Atikokan Generating Station from burning coal to biomass.

A Toronto solar company is setting up operations in Sudbury to offer “turnkey” solar power solutions for Northern Ontario clients.

Ontario made few strides toward reaching elite status in the Fraser Institute's Survey of Mining Companies. The British Columbia public policy think-tank released a mid-year update in August, in which Ontario moved up one spot to 20 th place.