Hudbay mining company to expand operations in Manitoba’s north
A mining company with almost a century of experience in Manitoba plans to expand its operations in the northern part of the province.
Hudbay Mineral Inc.’s New Britannia expansion in Snow Lake, located almost 700 kilometres north of Winnipeg, will increase production and benefit both the local and provincial economy, according to Agriculture and Resource Development Minister Ralph Eichler.
"Hudbay's expansion of its Snow Lake operations over the next few years is good news for northern communities, the mining industry and the province as a whole," said Eichler in a statement.
There are provincial incentives for the mining companies operating in the province.
Under the Manitoba Mining Tax Act, companies are allowed to deduct processing allowances from profits when taxes are calculated.
For the New Britannia expansion, the province increased those allowances.
"Providing incentives for mining companies to develop operations in the province helps reinforce Manitoba's position as a mining-friendly jurisdiction," said Fielding. "Since the mining sector is a major employer, especially in northern Manitoba communities, and a key driver of the economy, stimulating industry development ultimately benefits the entire province."
As part of the expansion, Hudbay will refurbish the gold plant and add a new copper flotation facility, both of which are meant to increase production.
Richard Trudeau, director of human resources, external and Indigenous affairs for Hudbay, said the expansion continues a long history of mining in the province.
"Hudbay's story began here in Manitoba and after nearly a century, our commitment to Manitoba continues, as today marks the start of an exciting new chapter for our company, the Town of Snow Lake, and the province,” said Trudeau.
CTVNews.ca Top Stories
Video shows suspect setting Toronto-area barbershop on fire
Video of a suspect lighting a Richmond Hill barbershop on fire earlier this week has been released by police.
'I have the will to live': N.B. woman needs double lung transplant
A New Brunswick woman suffering from sarcoidosis, a disease that limits your lung capacity, is in need of a double lung transplant.
The kids from 'Mrs. Doubtfire are all SUPER grown up now, and we're not OK
The adorable trio of child actors from the 1993 classic comedy 'Mrs. Doubtfire,' which starred the late and great Robin Williams, are all grown up and looking back on their seminal time together.
Police officer hit by driver of fleeing vehicle in Toronto
York Regional Police say they are continuing to search for a suspect in an auto theft investigation who was captured on video running over a police officer in Toronto last month.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
A Chinese driver is praised for helping reduce casualties in a highway collapse that killed 48
A Chinese truck driver was praised in local media Saturday for parking his vehicle across a highway and preventing more cars from tumbling down a slope after a section of the road in the country's mountainous south collapsed and killed at least 48 people.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Suter scores late goal, clinches series for Canucks
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
Premier Legault reiterates that McGill pro-Palestinian camp must be dismantled
Quebec Premier François Legault reiterated that the pro-Palestinian encampment at McGill University must be dismantled while police remain 'on the lookout for new developments.'