The mining industry’s pulse was palpable in North Bay this week as professionals converged for the CIM Northern Luncheon, a forum that has become a staple for fostering innovation, prioritizing safety, and exploring future opportunities. Hosted by the CIM Northern Gateway Branch, the event served as a nexus for industry experts to dissect new technologies, forge networks, and engage with thought leaders.
Al Guenette, Director of New Technology and R&D NOAM at Sandvik, took centre stage, delving into the intricacies of integrated bolting solutions. “It’s the integration of ground support, so that’s bolts that support tunnels with equipment,” Guenette explained. “We’re moving forward technology to create a safer environment for miners.” Guenette highlighted Sandvik’s strategic acquisitions and the subsequent R&D efforts that have culminated in a more cohesive and safer system for miners.
The luncheon also provided a platform to address the elephant in the room: the impact of U.S. tariffs on the mining industry. Guenette acknowledged the challenges, stating, “With the tariffs, I think that’s definitely a big impact on business.” He emphasized the need for versatility and flexibility, citing Sandvik’s global manufacturing footprint as a mitigating factor. “We have manufacturing in Canada, but also in multiple regions across the globe,” Guenette said. “This ensures security of supply and prevents outages for mines. We’ve been working quite hard on that for the last five years.”
Despite the tariff turbulence, optimism was not in short supply, particularly regarding the Ring of Fire. Guenette expressed enthusiasm about the potential of this remote, mineral-rich area in northern Ontario. “Everybody’s interested in any type of new development and what that would look like,” he said. “We’re definitely interested as far as the Sandvik equipment side, that they would go first with these types of new projects and we come in after that, so definitely exciting.”
The Ring of Fire’s promise extends beyond mere excitement. It represents a tangible opportunity to supply critical minerals for burgeoning industries like electric vehicle battery manufacturing. The region’s potential could catalyze a wave of innovation and investment, positioning Canada as a key player in the global mineral supply chain.
The CIM Northern Luncheon served as a microcosm of the mining industry’s current landscape and future trajectory. It underscored the sector’s resilience in the face of challenges like tariffs, while also highlighting the optimism and innovation that projects like the Ring of Fire inspire. As the industry continues to evolve, events like these will be crucial in fostering the collaboration and ingenuity needed to navigate the road ahead. The discussions and insights shared in North Bay this week will undoubtedly ripple through the sector, shaping its development in the months and years to come. The industry’s ability to adapt, innovate, and seize opportunities will be key to its success in an ever-changing global landscape.