Teck pursues growth in Alberta oil sands

The Fort Hills oil sands project remains Teck Resources’ (TSX: TCK.B; NYSE: TCK) main growth project, Andrew Golding, the company’s senior vice president of corporate development, said during the 2014 Global Metals, Mining and Steel Conference in mid-May.

“Mined oil sands are right in the ‘sweet spot’ for Teck for a number of reasons. Our strategy is to be a diversified mining company and oil sands are a great addition to our product portfolio,” he said. (Teck’s current portfolio focuses on coal, zinc and copper.)

Fort Hills is in Alberta’s Athabasca region, 90 km north of Fort McMurray. Teck, which owns 20% of the project, claims it is “one of the best undeveloped oil sands mining assets in the region.”

Golding adds the province is a “tremendous place” to invest, explaining it complements the company’s strategy of working in low risk jurisdictions.

Read the complete story at NorthernMiner.com/news/fort-hills