Western Australia may soon have a new uranium mine, after the last environmental hurdle was cleared by Vimy Resources (ASX:VMY) to build its Mulga Rock uranium mine.
Once the deals close, there will be only three major companies — CNRL, Suncor and ExxonMobil majority-owned Imperial Oil Ltd. — dominating Canada's oil sands industry.
The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.