Wildfires erupt in Canada crude patch in threat to oil sands
One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May.
Rio Tinto’s chief executive Tom Albanese said on Saturday that he would lobby Canada to ensure it was the operator of the Roughrider uranium project in Saskatchewan, despite legal hurdles, after its successful takeover of Hathor. At the start of December, Rio emerged the winner after beating out world number one uranium miner, Canada’s Cameco, with a $643 million bid for the explorer.
Reuters reports current Canadian law restricts foreign companies to a 49% stake of an operating uranium mine. There have been suggestions Rio Tinto would need to find a domestic partner before it could start up the Roughrider project in Saskatchewan’s uranium-rich Athabasca basin.
Comments
Rjlemire
We should start look after our natural resources like many other countries are starting to do.
want do this companies leave us with after the have what they want. look at the Vale example and many more broken promises contracts can be changed
Richard