ArcWest discovers new VMS zone at Todd Creek project

Stans Energy is seeking close to US$118 million in compensation for losses and damage through an international arbitration action launched Thursday.

Despite tensions in the senate, the tax package is expected to be finalized later today.

Three former ministers have already been charged with corruption.

Delivering its Q3 results, the debt-laden gold miner said it is temporarily suspending all construction activity at its $8.5 billion Pascua-Lama project.

Fort Hills has an estimated contingent resource of 3.3 billion barrels of bitumen.

Copper production up 30%.

The Toronto-based company is conservative when it assesses projects and assets.

Slim majority agrees that overall, the benefits of development of the oil sands in Canada outweigh the negatives.

The miner's shares were up close to 6% in both Canada and the US stock exchanges.