Canada looks to promote growth with $40 million investment in mining

The Canadian government has announced that they aim support continued success in the mining industry. This $40 million investment seeks to strengthen Canada’s global leadership in sustainable mining.

The investment is going toward a project headquartered in Sudbury, Ontario called the Centre for Excellence in Mining Innovation Inc. (CEMI).

CEMI aims to advance innovations in finding and mining ore, while both generating value and reducing the impact on the environment.

Also, they seek to bridge the gap between innovation and commercialization. They believe that in order to be accepted and successful, technological innovations in the mining industry need to be lucrative.

“Supplying the demand for the minerals and metals needed to advance the green transition to a low-carbon economy is critical, but if mines are to produce more and do so faster, cheaper and more sustainably, implementing innovation is essential. CEMI believes a national innovation network is necessary to identify innovative solutions and integrate them into the system-solutions that the mining industry needs,” says Douglas Morrison, President, Mining Innovation Commercialization Accelerator (MICA) Network.

Specifically, Canada’s investment will help with the creation of MICA, a venture that aims to utilize technologies used in other fields for the mining sector.

“The MICA Network will help mobilize investments, grow Canadian SMEs and establish Canada’s leadership role in addressing climate change,” says Morrison.

Further, MICA is expected to help foster the creation 900 new jobs, 12 new businesses and the commercialization of 30 new products.

“Today’s announcement will help bridge the innovation-to-commercialization gap for the benefit of both Canadian mining companies and innovators by providing them with the tools, knowledge and expertise they need to meet the future demands for Canada’s critical minerals,” explains The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry.

“The mining sector is playing a pivotal role in our green recovery and our progress toward net zero, and I look forward to the innovations and the job creation that will come from these new collaborations.”