$ 112 million Sudbury’s MICA network receives $ 40 million in federal funding

Yesterday, Sudbury MP Paul Lefebvre and Nickel Belt MP Marc Serre announced that the Center of Excellence in Mining Innovation (CEMI) will receive $ 40 million in funding from the Canadian federal government for the commercialization accelerator network mining innovation (MICA). The $ 112.4 million project is financed by public and private investments, in order to accelerate the development and commercialization of innovative technologies in the mining sector. Based in Sudbury, MICA will operate with strong partnerships with the Bradshaw Research Initiative for Minerals and Mining, InnoTech Albert, Saskatchewan Polytechnic, MaRS, The MISA Group and the College of the North Atlantic.

The aim of the organization is to make the mining sector more productive and sustainable. In addition to the environmental and innovative benefits of the project, MICA is also expected to support the creation of 900 jobs and at least 12 new businesses. The project is a huge boost to Sudbury’s economy, and the federal government’s commitment of $ 40 million to the project demonstrates Ottawa’s clear commitment to the project and the mining industry. MICA anticipates the commercialization of at least 30 new products, services or processes for the mining industry and its operations.

Broad reach for the $ 109 billion sector

The project is a strong network of more than 350 mining companies, industrial suppliers, academics and researchers, as well as industrial innovators. The idea is to create a network within which to share expertise and new technologies in the mining industry, and bring new innovations from outside the industry. The project is also expected to extend the life of mines and reduce the time it takes to bring new mineral deposits into production, according to the federal government. A backlog of mining projects awaiting approval in provinces like British Columbia on Canada’s west coast has created a bottleneck for new projects, but extending and expanding the life and reach of existing mines could help the production.

Canada’s mining industry is worth an estimated $ 109 billion, and the sector provides a massive tax base and engine of job creation for the country. As one of the most stable and profitable mining jurisdictions in the world, the MICA project makes Canada an even more attractive mining partner and hub for the global industry.

“We all know Sudbury is the hub of mining activity and its resource extraction companies are hungry for innovation,” said Charles Nyabeze, Vice President, Business Development and Marketing, Center of Excellence in mining innovation inc. (CEMI). “MICA will be a way for them to find these innovations. We had to spend a lot of time building the network, going across Canada to identify the partners we need. The most important thing for us is to find partners who allow us to tap into Canada’s innovation ecosystem and truly harness that potential.

Green and global ambitions also on the horizon

Although Canada is clearly a target for MICA, it will not be the only customer served by MICA. Nyabese continued, “The biggest customer is the global mining industry, and we really look forward to making sure Canada takes its place as a leader in technology development and makes a difference globally. We anticipate that the global mining industry will view MICA as the main source of new innovations.

Essentially, the MICA project will act as an innovation ecosystem working to modernize mining and improve its productivity and environmental performance. Canada’s mineral supply chain will be strengthened as a result of the project, and domestic and export sales by Canadian innovators are expected to increase. The main objective of the project is also to help Canada meet its ambitious carbon emissions targets over the next decade and beyond, as the mining industry will be an important part of achieving these targets.

Doug Morrison, President and CEO of CEMI and CEO of MICA, said, “Commercializing innovations in the mining industry has never been more important than it is today. Meeting the demand for the minerals and metals needed to advance the green transition to a low-carbon economy is essential, but if mines are to produce more and do so faster, cheaper and more sustainably, the implementation of innovation is essential. CEMI believes that a national innovation network is needed to identify innovative solutions and integrate them into the system-solutions that the mining industry needs. The MICA network will help mobilize investment, grow Canadian SMEs and establish Canada’s leadership role in the fight against climate change.

“It’s a change in my focus, from the proposals to the deployment and execution of the program. “

After years of planning, MICA is ready to go. The project has been in the planning phase for at least three years. The first intake projects are likely to be ready-to-go projects to move the project’s mission forward as quickly and efficiently as possible. Approximately 80 projects were selected during the proposal writing process, and these projects will begin shortly.

Nyabeze commented: “I am really excited. It is about a change of direction, from the proposals to the deployment and the execution of the program. The momentum is there and there are a lot of people looking forward to being a part of this network.

The above refers to an opinion and is for informational purposes only. This is not investment advice. Seek out a licensed professional for investment advice. The author is neither an insider nor a shareholder of any of the companies mentioned above.

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