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
Financing
Mining & Resources
Autonomous Vehicle Innovation Network (AVIN)
Northern Ontario Heritage Fund Corporation (NOHFC)
Ontario Centres of Excellence
SHYFTinc.
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.
Related: Ontario investing $10.5M in mining firms
The province says this investment will help create or retain more than 180 jobs across northern Ontario.
