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Decision on $8 Billion Fort Hills Oil Sands Project Expected in 2013


Industry Segment: Metals & Minerals | Word Count: 208 Words

SUGAR LAND--April 12, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Contractors have started preliminary earthwork at the Fort Hills Oil Sands project in Alberta. Fort Hills Energy Corporation (Fort McMurray, Alberta), owned by Suncor Energy Incorporated (NYSE:SU) (40.8%), Total E&P Canada Limited (39.2%) and Teck Resources Limited (NYSE:TCK) (20%), is expected to make a go/no-go decision for the $8 billion Fort Hills Oil Sands mine during the second half of 2013 and has initiated preliminary earthwork at the site.

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