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Mining supply firms pick up $1.17M for Timmins projects
The announcement made at PDAC has 11 companies sharing $3.7 million
Northern Ontario Business Staff
about 2 hours ago
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Wabi Iron & Steel of New Liskeard is receiving $400,000 to expand its business.Wabi Iron & Steel photo
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Eleven Northern Ontario companies will share in $3.7 million in provincial funding, which is aimed at spurring growth and job creation.
The funds come from the Northern Ontario Heritage Fund Corp., and were announced on March 4 during the annual convention of the Prospectors and Developers Association of Canada (PDAC), taking place this week in Toronto.
March 4, 2024
The cash includes $1.17 million for projects in Timmins.
The list of projects includes:
$894,000 for Itec 2000 Equipment (Timmins) Inc. — a supplier of heavy equipment products and services — to expand into Timmins by acquiring and renovating a building and purchasing equipment;
$759,573 for A10 Fabrication — an Espanola-based custom design and manufacturing business servicing the mining and forestry sectors — to expand its operations by acquiring and renovating a new property and purchasing equipment;
$599,893 for NCIndustrial Limited — a Lively-based manufacturer, distributor, and repair depot for heavy industrial products used in the mining, construction, and heavy industrial sectors — to improve productivity by purchasing equipment and reconfiguring its facility;
$400,000 for Wabi Iron & Steel Corp. — a New Liskeard-based manufacturer of loading and conveyance systems for the mining industry — to expand its product and service offerings by modernizing its facility and purchasing equipment;
$250,000 for Shaft Sinking Engineered Products Ltd. — a Sudbury-based mining technology business — to develop and test a mucking machine that will automate the development of mine shafts and shaft stations, making mining operations safer and more economical;
$215,298 for B&D Manufacturing Ltd. — a Chelmsford-based design and fabrication company for mining and construction equipment — to increase production efficiency by purchasing equipment;
$200,000 for Norsmiths Mining Solutions to establish, in Kirkland Lake, a drill bits and hammer reconditioning business servicing mining companies;
$143,638 for Nordic Minesteel Technologies Inc. — a North Bay-based solution design company for manufacturing in the mining sector — to develop and test a device that makes the hoisting of persons in mine shafts safer and more economical;
$101,835 for Cool Heat — a Timmins-based heavy equipment heating and cooling systems services provider for the mining and forestry industries — to improve operational efficiencies by purchasing equipment and building a new shop;
$100,620 for Titans Mechanical Inc. to establish, in Timmins, a mobile mechanical repair services business for heavy-duty mining equipment and vehicles; and
$79,282 for the Northern Centre for Advanced Technology (NORCAT) Timmins — a non-profit organization that develops and provides workplace productivity and safety programs, services, and resources — to increase its in-house training capacity by renovating its facility and purchasing equipment.
Held annually at the Metro Toronto Convention Centre, PDAC is considered the world's premier gathering for mineral exploration and mining stakeholders.
Over the course of four days, the event is anticipated to welcome upwards of 30,000 attendees from around the globe to take part in workshops, lectures, networking, a tradeshow, and more.
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