$5M for Timmins mining supply firms – by Len Gillis (Timmins Daily Press – September 27, 2017)

http://www.timminspress.com/

TIMMINS – The importance of the mining supply and service sector for Timmins and the rest of Ontario was highlighted Wednesday when the Northern Ontario Heritage Fund Corporation came to town with more than $5-million worth of investments in the Timmins area alone.

The news was announced by Northern Development Minister Michael Gravelle, who is also the chairman of the NOHFC board, which was meeting in Timmins this week. He made the announcement at the OK Tire Mining Division shop on Laforest Road, which was one of the grant recipients.

“Around the world, Ontario has a reputation as a global mining hub,” said Gravelle. He said there are 39 mines operating in the province, making it the leader in Canada. This includes 17 gold mines, 10 base metal mines and one diamond mine, he said.

“We are home to prospectors, to junior exploration companies, some of the world’s leading mining companies and about 900 mining supply and service companies.” Gravelle said Ontario’s mining supply sector is a remarkable story, which employs more than 40,000 workers.

“It has an estimated impact of $6.6 billion annually.” He said the supply and service companies are essential to mineral development in Ontario and across Canada and around the world. “Ontario-based companies sell their products and services to some 75 countries around the world,” said Gravelle.

He added this demonstrates the importance of mining supply companies in Ontario as well as in Timmins.

For the rest of this article: http://www.timminspress.com/2017/09/27/5m-for-timmins-mining-supply-firms

 

 

Comments are closed.