Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The complaint is only the second of its kind made from Canada using CUSMA’s RRM process since the trade deal came into force in 2020.
Suncor Energy published its fourth quarter numbers that included an oilsands record – 740,800 bbl/d – thanks in part to its interests in the Fort Hills (53%) and Syncrude (100%) operations in northern Alberta.
Funds from all operations were approximately C$2.0 billion in Q4 2018, compared to C$3.0 billion for the same quarter a year earlier. Cash flow was up – to C$3.0 billion in Q4 2018 – compared to a year earlier when it was C$2.8 billion. Operating earnings were C$580 million, but the company recorded a net loss of C$280.0 million this year. In Q4 2017 the company had operating earnings of C$1.3 billion and net earnings of C$1.4 billion.
Total oilsands production reached a new high for Q4 of 740,800 bbl/d, close to 90,000 bbl/d higher than the previous record. The output growth was attributed to reaching 94% plant utilization at Fort Hills and record production at Syncrude.
(This article originally appeared in the Canadian Mining Journal.)
