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Did You Know?
- More than 100 million ounces of gold, worth about $89 billion, have been mined from Timmins and Kirkland Lake gold mines over the past 100 years.
News Release
Mining Supply And Services Sector Looking To Grow
July 06, 2009
McGuinty Government Supports Economic Development Research
NEWS
Ontario supports the continued growth in Northern Ontario’s mining supply and services sector.
Ontario’s North Economic Development Corporation (ONEDC) will soon begin work with the sector to determine which global markets could provide the greatest opportunities for growth. For instance, the sector’s expertise in mining health and safety could be in high demand in many international jurisdictions.
Already considered a world player, Ontario’s northern mining supply and services sector plays a vital role in the provincial minerals industry. Last year the industry contributed $9.6 billion to Ontario’s economy. Capitalizing on new global opportunities will help the sector grow, and continue to contribute to Ontario’s economy.
QUOTES
“The long-term prospects for the minerals industry are excellent. Ontario’s vital mining supply and services sector is wisely preparing now for the next upturn.”
- Michael Gravelle, Minister of Northern Development, Mines and Forestry and Chair of the Northern Ontario Heritage Fund Corporation (NOHFC).
QUICK FACTS
- Through the NOHFC the province is providing $120,000 toward this project.
- The non-profit ONEDC was incorporated in 2005 to create and implement pan-northern economic development initiatives. Its members include the five largest Northern Ontario cities and a number of smaller municipalities.
- Approximately 400 companies in Northern Ontario supply services and advanced equipment to hundreds of mining exploration and development projects in dozens of countries.
LEARN MORE
- About the NOHFC
- About mining in Ontario
Michel Lavoie, Communications Branch, 705-564-7125
ontario.ca/north-news
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