Ontario's Mining Industry Delivers Most of Nearly $3 Billion in Second-Quarter 2016 Project Kickoffs

Researched by Industrial Info Resources (Sugar Land, Texas)--With $2.98 billion in projects slated to begin construction in second-quarter 2016, Ontario is looking at its highest quarterly total investment value (TIV) in the past year. More than 90% of the total can be attributed to just three industries: Metals & Minerals, Power, and Food & Beverage; about two-thirds of the total is related to the mining industry alone.

Click on the image at right for a graph detailing planned second-quarter 2016 project kickoffs in Ontario by industry.

As with Quebec, the Metals & Minerals Industry leads all others in TIV in Ontario, with $1.93 billion in projected kickoffs for the second quarter. These include Detour Gold Corporation's (TSX:DGC) (Toronto, Ontario) $234 million Detour Lake gold mine and mill near Cochrane. The company plans to expand the open pit facility's capacity from 91 million to 114 million tons per year. For more information on the project, which is still in the planning phase, see Industrial Info's project report.

The Power Industry is in a distant second place, with $706 million in projects set to begin construction from April through June. One of the largest is WPD Canada Corporation's (Mississauga, Ontario) $120 million construction of the White Pines Windfarm in Picton. The facility is expected to comprise 29 enclosed structural steel towers, featuring Repower's MM92-2.05-model wind turbine generators, each with a capacity of about 2.05 megawatts (MW). For more information on the project, which is now in its detailed engineering phase, see Industrial Info's project report.

The Food & Beverage Industry is looking at $117 million worth of projects set to kick off, the largest being Dare Foods Limited's (Kitchener, Ontario) $50 million cookie and cracker manufacturing plant additions in Cambridge. The company plans to perform structural renovations and upgrades at the 500,000-square-foot facility. For more information on the project, which is still in its planning phase, see Industrial Info's project report.

Here are the seven remaining highest-value projects set to begin construction in Ontario in the second quarter:

• $1 billion: Vale S.A.'s Copper Cliff nickel mine in Sudbury
  For more information, see Industrial Info's project report.
• $509 million: Noront Resources Limited's Eagle's Nest Nickel, Copper and PPG Mine near Webequie
  For more information, see Industrial Info's project report.
• $230 million: Algonquin Power & Utilities Corporation's windfarm on Amherst Island
  For more information, see Industrial Info's project report.
• $205 million: Bruce Power Limited Partnership's Unit 2 turbine replacement at Bruce A Nuclear Station in Tiverton
  For more information, see Industrial Info's project report.
• $66 million: General Magnesium Corporation's Whitney talc and magnesite mine in Porcupine
  For more information, see Industrial Info's project report.
• $60 million: Lake Shore Gold Corporation's Bell Creek gold mine and mill in Porcupine
  For more information, see Industrial Info's project report.
• $49.05 million: Protocol Biomass Corporation's fuel pellet plant in Prescott
  For more information, see Industrial Info's project report.

Nearly three-quarters of Ontario's TIV--$2.19 billion--is related to 21 projects that are now in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. The region also has 23 projects worth more than $697 million in the engineering stages, while 32 projects worth about $96 million are maintenance-related.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.