Troilus Gold brings potential funding from ECAs to $1.3 billion
The company has signed an additional LOI with Export Development Canada worth $300 million.
The new all-electric Borden gold mine 9 km from Chapleau is officially open, following a ceremony attended by Denver-based Newmont Goldcorp officials and dignitaries from across the province. The company proudly says the mine features state-of-the-art health and safety controls, digital mining technologies and processes, and an all-electric underground fleet.
Dignitaries attending the launch were Ontario’s Minister of Energy, Mines, Northern Development and Indigenous affairs Greg Rickford; Chief of the Chapleau Cree First Nation Keeter Corston; Chief of the Chapleau Ojibwe First Nation Anita Stephens; Chief of the Brunswick House First Nation Cheryl St. Denis; Chief of the Michipicoten First Nation Pat Tangie; Chapleau mayor Michael Lesvesque; Timmins mayor George Pirie, Newmont Goldcorp’s regional senior VP or North America Todd White; and general manager of the Porcupine and Borden mines Marc Lauzier.
Both the Canadian and Ontario governments each granted the company C$5 million towards electrification.
(This article first appeared in the Canadian Mining Journal)
Comments
Dennis k fuachie
Congrats to the management of newmont. Indeed you’ve prove to the world that when it comes to mining is Newmont my dream company i want to work . I want to know who are going to operate those electrical equipments .