Oil Sands Mining News

Commodities: the top asset class of 2018 so far

If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.

Which has the bigger economy: Texas or Russia?

Even though Russia has nearly five times as many residents as Texas, the Lone Star State's economy is more than $40 billion larger.

IMF resumes lending to Chad following Glencore debt deal

The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.

Mining billionaire backs outback gas pipeline to ease power woes

The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.

Major banks earned more in metals than oil last year

The world’s 50 biggest investment banks made revenue of $1.6 billion from trading, selling derivatives and other activities in metals last year.

Glencore is losing billionaire allies to Trump's sanctions

In just four months, Glencore Plc chief Ivan Glasenberg has lost two of his closest business allies, billionaires Oleg Deripaska and Dan Gertler.

Coal dead? Peak oil demand? Five takes on fossil fuels' future

Mining mogul Bob Murray offered a passionate defense of coal, asserting that we’d all “die in the dark” without it.

Siemens to supply industrial gas turbines for co-generation project in Alberta, Canada

Two SGT-800 gas turbine generators and 25 year service agreement || Commercial operation expected in late 2021

Teck ups stake in Chile Quebrada Blanca copper mine in $162.5m deal

Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.

One of world's dirtiest oil sources wants to go green

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.

Stantec to boost oilsands mining operations and reclamation exposure with acquisition of Norwest

Norwest will be integrated into Stantec’s energy and resources business, the company said.

Suncor output to suffer from early start of Syncrude maintenance

Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.

Oil sands upgraders may make a comeback amid pipeline crisis with $1-billion Alberta pledge

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.

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

Company expects to lose about 200,000 tonnes in steelmaking coal output.

Suncor Energy files application for 160,000-bpd Lewis oilsands project

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.

Vancouver company obtains positive results in process of extracting metals from petcoke

MGX Minerals will proceed with its previously announced partnership with Highbury Energy.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Teck Resources down despite better profit in Q4

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.

Suncor Energy hikes stake in Syncrude in $730 million deal

Canada's largest energy producer also buys into Norwegian Sea oil project.

Oil prices ravaged by financial turmoil

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. 

Exposure to chemicals used in fracking may cause pre-cancerous lesions in mice

US researchers have found that female mice exposed to mixtures of chemicals used in unconventional oil and gas (UOG) operations during prenatal development had abnormal mammary glands in adulthood. Some even developed pre-cancerous mammary lesions.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Suncor Energy implements first commercial fleet of autonomous haul trucks in the oil sands

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.

CHART: Hedge funds have never been this bullish about the oil price

Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.