{"id":553,"date":"2018-10-19T14:31:46","date_gmt":"2018-10-19T14:31:46","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=553"},"modified":"2021-04-07T13:30:58","modified_gmt":"2021-04-07T17:30:58","slug":"government-of-canada-invests-in-clean-technology-for-the-mining-industry","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/government-of-canada-invests-in-clean-technology-for-the-mining-industry\/","title":{"rendered":"Government of Canada invests in clean technology for the mining industry"},"content":{"rendered":"
\n

Quebec-based Alliance Magnesium to recycle tailings and produce valuable metal<\/b><\/p>\n

October 19, 2018\u00a0<\/b>\u2013 Danville, Quebec<\/p>\n

Across Canada, companies on the leading edge of innovation and job creation are advancing clean technologies in all sectors of the economy and finding new ways to solve the world\u2019s environmental challenges. That\u2019s good for everyone as clean technologies not only lead to well-paying jobs that support the Canadian economy but also help Canada meet its climate change goals.<\/p>\n

Today, the Honourable Marie-Claude Bibeau, Minister of International Development and Member of Parliament for Compton\u2013Stanstead, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced an investment of $12 million in Alliance Magnesium (AMI). The funding is being provided by\u00a0Sustainable Development Technology Canada<\/a>\u00a0(SDTC), which works with Canadian companies to bring clean technologies to market.<\/p>\n

Building on the success of its pilot plant in Quebec, Alliance Magnesium will use the\u00a0SDTC funding to support the second phase of demonstrating its clean magnesium production technology. The company\u2019s innovative process recycles tailings from mining activity to produce magnesium metal. As the demand for magnesium metal increases in areas such as automotive manufacturing, today\u2019s investment will help ensure Alliance Magnesium is well positioned to become a global leader in clean technology solutions for the mining sector, which will create well-paying jobs, support the Canadian economy and help Canada meet its climate change goals.<\/p>\n

The investment announced today aligns with recommendations received from industry leaders, as outlined in the\u00a0Clean Technology Economic Strategy Table\u2019s report<\/a>, to address gaps in scale-up financing that will accelerate the growth of Canadian clean technology companies. Investments in clean technology are also part of the Government of Canada\u2019s\u00a0Innovation and Skills Plan<\/a>, a multi-year strategy that is positioning Canada to be a global centre for innovation, creating good middle-class jobs right across the country.<\/p>\n<\/div>\n

 <\/p>\n

\n

Quotes<\/h2>\n

\u201cAsbestos production is banned in Canada. However, investments such as the one in Alliance Magnesium are key to Canada\u2019s transition to a greener economy. The federal government\u2019s support for the company\u2019s production of magnesium from asbestos tailings will contribute to regional economic diversification efforts in the RCM des Sources and will benefit its residents.\u201d<\/p>\n

\u2013 The Honourable Marie-Claude Bibeau, Minister of International Development<\/p><\/blockquote>\n

\u201cOur government wants to make sure Canadians are in the best possible position to scale up technologies and capture the growing clean technology market. Investments in clean technology will help address the world\u2019s biggest environmental problems while creating more jobs.\u201d<\/p>\n

\u2013 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development<\/p><\/blockquote>\n

\u201cAlliance Magnesium\u2019s progress\u2014as it scales its successful pilot plant\u2014is a great example of how a Canadian company is developing a globally competitive clean technology solution for the mining sector.\u201d<\/p>\n

\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p><\/blockquote>\n

\u201cWe are very happy to receive this major financial contribution from the federal government. It shows that the government recognizes the value of AMI\u2019s work in developing green technologies and reducing GHGs in the transportation and light metal alloy industries. Not only does our reclamation of mining waste technology have the potential to generate international interest but it also complies fully with sustainable development, environmental protection and population health and safety policies.\u201d<\/p>\n

\u2013 Dr. Jo\u00ebl Fournier, President, Alliance Magnesium<\/p><\/blockquote>\n

Quick facts<\/h2>\n