Province Supports Jobs and Innovation in the Mining Sector
Government is supporting industry development, geoscience research and training opportunities in the mining sector with investments from the Mineral Resources Development Fund.
Almost $1.2 million is being provided to 37 projects led by prospectors, mineral exploration companies, academics, recent graduates and students.
“Many of these projects help create jobs and opportunities for young people, while attracting global investment to Nova Scotia,” said Energy and Mines Minister Derek Mombourquette. “In some cases, our brightest minds are working on new ways to make mineral discoveries in a less invasive way and keep our province at the leading edge of innovation in the mining sector.”
The fund supports mineral exploration programs, university research, training and professional development.
This funding is helping us build new molecules designed to remove gold from ore in an effective, economical and more environmentally friendly way than current methods. The students and recent graduates working on this project are gaining valuable experience, while their ideas are directly applied to real-world challenges.
Christa Brosseau, research chair, Saint Mary’s University
Funds were directed specifically towards expanding gold resources at the Goldboro Gold Project by drilling in areas not previously explored. The results of the drilling justified further investment by Anaconda and will be used to determine the long-term economic potential of the project and its contributions to the Nova Scotia economy. The availability of this funding sends a clear signal that Nova Scotia’s mining sector is open for business.
Kevin Bullock, president and CEO, Anaconda Mining Inc.
- over the past two years, the fund has supported 67 projects with more than $1.8 million in funding
- the Mineral Resources Development Fund is an annual, application-based program
- submissions are evaluated by panels of scientists from the Department of Energy and Mines
For more information about the Mineral Resources Development Fund and the 2019 recipients, visit: https://novascotia.ca/natr/meb/mrdp.asp