Ontario invests $900K in Sudbury mining tech firm
The province says this investment will help create or retain more than 180 jobs across northern Ontario
Mining & Resources
Autonomous Vehicle Innovation Network (AVIN)
Northern Ontario Heritage Fund Corporation (NOHFC)
Ontario Centres of Excellence
The Ontario government has announced an investment of $900K in Sudbury-based SHYFTinc, to help the company develop what it describes as a mining inventory management system that will make freight delivery to open-pit and underground mines safer and more efficient.
The system will track, deliver, and manage material movement in real-time and link to mine planning and inventory controls.
“Our government has a plan to create a more competitive landscape where businesses and job-creators can flourish,” said Vic Fedeli, minister of Economic Development, Job Creation and Trade. “This new partnership with SHYFTinc is a great example of the role government can play to create new opportunities for investment and economic development in northern Ontario.”
This support is in addition to the more than $10.5 million Ontario announced March 3 that the province is investing through the Northern Ontario Heritage Fund Corporation (NOHFC) in 28 companies that supply products and services to the mining industry.
The province says this investment will help create or retain more than 180 jobs across northern Ontario.