Ontario Invests In Mining OEMs

The province of Ontario, Canada, has invested in the development of new machines that are expected to improve mine productivity, increase operating efficiencies, and help businesses expand their global market reach.

Michael Gravelle, minister of Northern Development and Mines, made the announcement today while speaking about the province’s mining industry during the official opening of the Ontario Pavilion at the annual Prospectors and Developers Association Convention (PDAC) held in Toronto.

Funding through the province’s Northern Ontario Heritage Fund Corp. (NOHFC) will support these mining supply and service companies in the districts of Greater Sudbury and Nipissing:

Drillco Mining and Exploration will receive $250,000 to design, build and test the first prototype of its next generation Modular Drilling System, which it said will be designed for the core-drilling industry for use in underground, surface and fly-in mining operations.

Foraco Canada Ltd. will receive nearly $200,000 to create a self-propelled skid steer-long hole drill prototype for underground drilling, which the developer said will increase productivity, efficiencies and safety of long-hole drilling operations.

RDH Mining Equipment Ltd. will receive more than $200,000 to create a load-haul-dump machine in a smaller size than the company typically manufactures. The 1 m3 machine is expected to open up the narrow-vein market for RDH and serve as a frame design for future powertrain development.

Nordic Minesteel Technologies Inc. will receive $250,000 to design, create and manufacture a prototype of the Speed Lifter, which it said will be able to safely lift and secure a 400-ton haul truck in less than two minutes.

Since 2013, the province has invested more than $621 million through NOHFC in 3846 projects, it said.

In Ontario, there are over 26,000 direct jobs in mineral production, and an additional 50,000 indirect jobs are associated with mineral processing and manufacturing.

The annual PDAC show is expected to draw 24,000 attendees from 130 countries this year.

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