Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
CALGARY , April 10, 2012 /CNW/ – Shell Canada today announced it purchased a 1,820 acre (740 ha) tract of land in northern Alberta to conserve boreal forest habitat near its oil sands operations.
The conserved area, now called the Shell True North Forest, was privately owned land previously used for cattle grazing and hay production. Its purchase on behalf of Shell’s oil sands business will conserve an area almost twice the size of Stanley Park in British Columbia.
“Shell has a land and reclamation strategy in place to guide environmental performance in our oil sands business and the Shell True North Forest is part of that continuous effort,” says John Abbott , Shell’s Executive Vice President, Heavy Oil. “As oil sands reclamation takes decades to complete, conserving land allows us to address the impacts of our land disturbance in the short term.”
Land conservation plays a key role in managing biodiversity. The Shell True North Forest contains mixed woodlands, grasslands, wetlands and habitat along the Ksituan River which runs through the property. The property has excellent road access and will allow for many different recreational opportunities such as hiking and bird watching.
The Shell True North Forest is located 70 km north of Grand Prairie, Alberta and lies less than one km south of Moonshine Provincial Park. The land was secured through an arrangement with the Alberta Conservation Association. Together, both parties will manage the area for biodiversity conservation and low impact recreational use.
“Over the next decade we plan to accelerate the pace of land reclamation at our mines and develop technologies to reduce future land disturbance,” says Abbott. “Including the Shell True North Forest, we’ve conserved land equivalent to nearly 14 per cent of our Jackpine and Muskeg River mines.”
For more information, visit www.shell.ca/truenorthforest.
Cautionary note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this release “Shell”, “Shell group” and “Royal Dutch Shell ” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ”Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this release refer to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as “associated companies” or “associates” and companies in which Shell has joint control are referred to as “jointly controlled entities”. In this release, associates and jointly controlled entities are also referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect (for example, through our 24% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
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