GOVERNMENT OF CANADA INVESTS $1,924,254 IN THE COREM MINERAL RESEARCH CONSORTIUM

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Quebec City, Quebec, January 20, 2005 -- The Honourable Jacques Saada, Minister of Canada Economic Development and Minister responsible for the Francophonie, today announced the awarding of $1,924,254 in non-repayable assistance to support the technology transfer activities of Consortium de recherche minérale COREM, a mineral research consortium. This funding will enable COREM to implement some 20 new technologies developed through its research program in various plants over the next three years. The main purpose of the consortium's research program is to find solutions to operational constraints in metallurgical and mineralogical processing. 'Developing the knowledge-based economy is one of the Government of Canada's priorities. But such development can only work as long as the value-added generated by research is implemented at the field level and in enterprises,' stated Minister Saada. This technology transfer process will be applied to facilities located mainly in the Abitibi-Témiscamingue, North Shore and Northern Quebec regions. 'The credibility and skill of COREM's employees now extend well beyond the borders of Canada. Since the beginning of the year, the consortium has welcomed a new member to its ranks, the Corus Group headquartered in Great Britain. This is good news that confirms the outstanding expertise of the men and women working in the Canadian mining industry,' the Minister added. Canada Economic Development's mandate is to promote the economic development of the regions of Quebec. Primarily through financial assistance programs, the Agency elicits and supports the implementation of economic development projects. The two priorities the Agency has set itself are to foster innovation and the knowledge economy in each region of Quebec, and to help communities that are having difficulty adjusting to the new economy. In this way, the Agency contributes to the attainment of the Government of Canada's objective of building the 21st Century economy. Funding for this initiative was provided for in the March 2004 federal budget. -30- Sources: François BélisleCommunicationsCanada Economic DevelopmentTel.: (819) 825-5260 ext. 235 françois.belisle@dec-ced.gc.ca Daniel DezaindePress SecretaryOffice of the Honourable Jacques SaadaCanada Economic DevelopmentTel.: (514) 496-1282

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Date modified:: 2016-12-15

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GOVERNMENT OF CANADA INVESTS $1,924,254 IN THE COREM MINERAL RESEARCH CONSORTIUM

News Release

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