SAMSSA News Archive
Posted Friday, November 4th, 2011 by SAMSSA
How do you value some-thing you can’t touch or see? Or better yet, how do you borrow money against something intangible, like a licence to use a process, a technology or even a brand name? Intangible assets are usually given a value and carried on the books, but they are sometimes the first numbers to be questioned since they’re usually valued more highly by the owner than by third parties like banks or lenders.
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Posted Thursday, November 3rd, 2011 by SAMSSA
Royal Nickel (TSE:RNX) plans to advance its Dumont Nickel project, which is estimated to generate $1.1 billion after tax NPV, after receiving a prositive pre-feasibility study.
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Posted Wednesday, October 19th, 2011 by SAMSSA
The Long Harbour Development Corp. in Newfoundland wants to import the expertise of Sudbury’s mining supply and services companies.
The community is the site of Vale’s $3-billion hydromet processing facility, currently under construction, and it will process nickel sulphide concentrate from Vale’s Voisey Bay Mine in Labrador. The development corporation wants to identify suppliers so when the facility goes into production in 2013, they are ready to meet the supply and services requirements.
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Posted Tuesday, October 18th, 2011 by SAMSSA
Stantec has been recognized as one of Canada’s top employers for young people by Canada’s Top 100 Employers competition.
The distinction is given to employers that are leaders in attracting and retaining younger employees to their organizations. Stantec was recently recognized by Northern Ontario Business as one of five top employers in Northern Ontario.
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Posted Monday, October 17th, 2011 by SAMSSA
Sudbury is enjoying an economic “sweet spot” as employment rose for the second straight month in September, a Laurentian University economist says.
According to figures released Friday by Statistic Canada, the number of jobs in Sudbury rose by 1,100, Prof. David Robinson wrote in an analysis posted on the Institute of Northern Ontario Research and Development website.
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Posted Wednesday, October 12th, 2011 by SAMSSA
Industrial park upgrade plan leaves doubt
News that the City of Greater Sudbury has decided to go forward with upgrades to a pair of industrial parks is good news, but leaves lingering doubts, said a mining industry observer.
“There are more questions than there are answers for me,” said Dick DeStefano, executive director of the Sudbury Area Mining Supply and Service Association (SAMSSA). “It just takes so long. That’s the biggest complaint I got back from our guys: it just takes so long to do.”
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Posted Wednesday, October 12th, 2011 by SAMSSA
According to Survival of the Smallest, the newest report released by the Canadian Federation of Independent Business (CFIB).
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Posted Wednesday, October 12th, 2011 by SAMSSA
Eco Gardening is a solution in Northern Ontario
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Posted Friday, August 26th, 2011 by SAMSSA
Sudbury is a community with a great history, but it’s also positioned to have a great future if it understands the opportunities that lie ahead for it in the mining industry.
About $130 billion in mining-related projects are proposed in Canada for the next five years, and several of those billions will be spent in Sudbury by mining giants Vale and Xstrata.
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Posted Friday, August 19th, 2011 by SAMSSA
The global mining industry will face a serious problem in the near future acquiring and developing the human potential required to maintain economic viability. We need to find solutions very quickly to solve the problem.
According to the Mining Industry Human Resource Council’s (MiHR) 2010 Canadian Mining Industry Employment and Hiring Forecast report, under the baseline scenario the Canadian mining industry will need to hire approximately 100,000 new workers by the end of 2020. This is the number of workers required to fill newly created positions and to meet replacement demand as workers retire or leave the mining industry.
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