The Northern Ontario Heritage Fund Corporation (NOHFC) has announced grants to a couple of local mining supply companies to promote innovation, workplace safety, business development and job creation in the mining industry.
It includes $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 people in mine shafts safer and more economical.
"Nordic Minesteel Technologies continues to innovate safe and effective solutions for the challenges that our mining clients face in their operations," said Ronald Elliott, President. NOHFC’s financial support helps us grow our team and remain competitive while we address the needs of our clients and provide long-term solutions for the industry."
In 2022 the company announced the purchase of three acres of land located at 0 Legault Street, near the intersection with Ferris Drive. The company also has holdings in North Bay on Main Street West and another located on Highway 11, north of the city.
According to Executive Vice-President Gordon Brooks, the company is eyeing continued growth and has plans to add personnel. The construction of a new production and office facility in the West Ferris Industrial Park will help NMT achieve its goals.
See: Local mining company expanding operations to West Ferris
Also, $400,000 goes to 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.
Just last summer the feds announced a loan of $309,100 from FedNor in two projects led by Wabi Iron & Steel Corp. which operates the only smelter located in northern Ontario.
See: Wabi Iron & Steel expanding again
"NOHFC funding is instrumental in allowing Wabi to proceed with critically important upgrades that contribute to improved productivity, superior quality products, and lower costs," says Jeremy Birnie, Chief Executive Officer. "Wabi Iron & Steel Corp. is on its way to becoming one of the cleanest, most efficient and versatile foundry operations in North America."
“These companies, including Nordic Minesteel Technologies in North Bay, are making important contributions to our province’s mining industry and maximizing the potential of the critical mineral wealth found in the North,” said MPP Vic Fedeli.
