VW to rework $56B battery push on Samsung deal risk
Volkswagen is making changes to its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns one of its supply deals, with Samsung, might unravel.
The firm is deferring the first phase of the 40,000-barrel-per-day project Kirby oil sands project in northern Alberta, originally targeted for the fourth quarter of 2016.
Analysts were expecting 50-80 million pounds, but instead learned the uranium project holds over 105 million pounds in the indicated and inferred categories.