Canadian Mining Journal


Oil Sands


  • News

    OILSANDS: Suncor posts record quarterly operating income of $1.3B

    November 1, 2018 by Canadian Mining Journal

    CALGARY – Suncor Energy has posted a record $3.14 billion ($1.94 per share) for Q3 2018. Cash flow provided by operating activities was $4.37 billion ($2.70 per share) including changes in non-cash working capital. Operating earnings were $1.56 billion ($0.96

  • News

    COAL-BASE METALS: Teck 3Q results up despite commodity price declines

    October 25, 2018 by Canadian Mining Journal

    VANCOUVER – The third quarter financial performance of  Teck Resources included a $1.3-billion profit attributable to shareholders. Compare that to the same profit during Q3 2017 of $548 million. However, adjusted profit attributable to shareholders declined to $466 million or

  • News

    PUMPS: All oilsands using GIW units for hydrotransport

    October 2, 2018 by Canadian Mining Journal

    GEORGIA – With the upcoming installation of a GIW Minerals TBC-92 pump, GIW Industries will officially have hydrotransport pumps in service at all operating Canadian oilsands mines. This landmark project is taking place at the site of a customer who

  • News

    Franco-Nevada teams with oil firm Continental Resources to buy mineral rights

    August 13, 2018 by Canadian Mining Journal

    Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma. Franco-Nevada says it will contribute about US$220 million for the acquisition of

  • News

    OILSANDS: Syncrude recovers after power outage

    July 9, 2018 by Canadian Mining Journal

    ALBERTA – Suncor Energy of Calgary is making plans to restart Syncrude production after a site wide power disruption on June 20. The preliminary investigation indicated the cause was a transformer trip in the Syncrude power house. The outage resulted

  • News

    OIL SANDS: Sherritt completes pilot tests of diluent-free bitumen upgrading

    May 7, 2018 by Canadian Mining Journal

    ALBERTA – Toronto-based Sherritt International says its Alberta-based technologies division in Fort Saskatchewan has completed a successful pilot scale run of a proprietary process to upgrade bitumen. The process could eliminate the need to add diluent , a costly thinning

  • News

    OIL SANDS: CNR and Titanium Corp. team up to recover zircon, titanium

    March 21, 2018 by Canadian Mining Journal

    CALGARY – Titanium Corporation and Canadian Natural Resources (CNR) are reportedly teaming up to recover titanium and zircon from CNR’s oil sands tailings. The story was originally broken by CBC News. The two companies have proposed building a $400-million plant

  • News

    OIL SANDS: Suncor moves up Syncrude maintenance, cuts Q1 output

    March 14, 2018 by Canadian Mining Journal

    ALBERTA – Suncor Energy of Calgary has moved its planned maintenance at Syncrude near Fort McMurray to March 15 rather than the previously scheduled April start. The change will permit the company to address an unrelated issue that it says

  • OIL SANDS: Suncor buys out Mocal share of Syncrude

    February 27, 2018 by Canadian Mining Journal

    CALGARY – Suncor Energy has arranged to buy out Mocal Energy’s 5% interest in Syncrude for $925 million. Syncrude mines oil sands near Fort McMurray, Alta. After this transaction, Suncor’s share of Syncrude will increase to 58.74%. Other partners in

  • OIL SANDS: Suncor buys 5% more of Syncrude joint venture

    February 13, 2018 by Canadian Mining Journal

    ALBERTA – Suncor Energy of Calgary is increasing its interest in the Syncrude oil sands joint venture to 58.74% from 53.74%. The company has agreed to pay $920 million for the 5% interest held by Mocal Energy. Subject to customary

  • News

    OIL SANDS: Suncor to phase in autonomous haul trucks over six years

    January 31, 2018 by Canadian Mining Journal

    ALBERTA – Suncor Energy said on Jan. 30, 2018, that it will phase in autonomous truck haulage at all the projects it operates, starting with the North Steepbank oil sands mine. Over the next six years, the program will be

  • News

    OIL SANDS: Fort Hills reaches continuous operation, Suncor

    January 29, 2018 by Canadian Mining Journal

    ALBERTA – Suncor Energy announced Jan. 29, 2018, that operations at the Fort Hills oil sands project 90 km north of Fort McMurray, is ramping up toward 90% of its 194,000 bbl/day capacity by the end of the year. “With