Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
Alberta Mining News
Funds from all operations were approximately C$2.0 billion in Q4 2018, compared to C$3.0 billion for the same quarter a year earlier.
EBITDA will be down by about $148 million.
We want more people living in this region and calling this home.
Rapidly growing firm's engineering expertise will help Canadian clients meet construction, budgetary, and licensing goals.
The country's largest oil and gas producer by market cap also said it will specify the exact impact of Alberta's mandatory output caps when it issues its 2019 capital and production guidance on Feb. 5.
Canada's largest oil and gas producer by market capitalization said the exact impact will be unveiled when it issues its 2019 capital and production.
Cash flow provided by operating activities was $4.37 billion.
The junior oilsands producer has been operating under creditor protection since May 2016.
The alternate route approved last year by Nebraska regulators is expected to have minor to moderate effects on three of the eight environmental categories the U.S. State Department assessed.
MGX Minerals is rolling out technology that cleans and harvests lithium from wastewater generated by oil and gas – 80m barrels a day in North America alone.
Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.
Once the deal closes, Shell's only involvement in Canada's oil sands will be through its 10% stake in the Athabasca Oil Sands Project, majority owned by CNR and Chevron.
Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
Alberta is boosting its use of renewable energy, closing power plants that burn coal and in January increased its tax on carbon emissions by 50 percent.
BC drivers might be hit with more than gasoline price spikes should Alberta decide to play hardball.
Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.
Partial updgrading would free up pipeline space and produce a grade of oil that's easier to refine and more valuable than the heavy grades produced currently.
Company expects to lose about 200,000 tonnes in steelmaking coal output.
Canada’s largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.
The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.
Canada's largest energy producer also buys into Norwegian Sea oil project.
Over the next six years, the company expects to deploy more than 150 autonomous haul trucks in the full program, which will be one of the largest investments in electric autonomous vehicles in the world.
Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.
Company said having route approval in Nebraska and the necessary commercial support for the pipeline brings it closer to a final investment decision.