Ontario is getting serious about its mining with a new investment into companies that supply mining products and services. This is great news for both the mining industry and the province, as it will spur innovation and create jobs.
This latest Investment Is Part of The Ontario Government’s
Commitment to supporting the mining industry. The province is home to a large number of mines and has a long history of mining. This new investment will help to ensure that the mining industry remains strong and continues to create jobs.
The 28 companies that are receiving this funding will use it to develop new and innovative technologies for the mining industry. This is important work, as it will help to make the mining industry more efficient and effective. It will also create jobs for people who are skilled in this area.
The government will be investing 10.5 m CAD into these companies. This will go a long way to helping them achieve their goals. SHYFTinc, one of the recipients of this funding, plans on using the money to develop an inventory management system that will make freight delivery to mines safer and more efficient. This is just one example of the many ways that this funding will be used to improve.
With this improvement to efficiency and investment in expansion projects, it will be possible for mining in Ontario to put a dent in the massive demand for precious metals, electronics components and more.
This is a very positive step forward for the mining industry in Ontario
And will help to ensure its continued success. With the output for mining increased at these sites across Ontario, it will be interesting to see how the price of these components will be affected and if we will see a great boost to the North American electronics production industry.
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This post was written by Justin Tidd, Director at Becker Mining Communications! For over 15 years, Becker Communications has been the industry’s leader in Gas Monitoring System and electrical mining communication systems. As they expanded into surface mining, railroads, and tunneling they added wireless communication systems, handheld radios, tagging and tracking systems, as well as gas monitoring.