Aclara Resources raises $25m for Carina project in Brazil
Chilean conglomerate CAP, which has invested $80 million in the company's Penco project, will become a new shareholder.
Researched by Industrial Info Resources (Sugar Land, Texas) — The Top 10 Metals & Minerals Industry projects in Canada are dominated by large-scale oil sands and metal mining projects. What was once considered a large project is being dwarfed by today’s mega-projects. Projects exceeding $1 billion are no longer rare, but commonplace. Currently, there are 67 projects in Canada with a total investment value (TIV) of $1 billion or more.
The top project is the $8.5 billion first phase of the Frontier Oil Sands project in Alberta. Frontier Oil Sands is a 50:50 joint venture development of Teck Resources Limited (NYSE:TCK) (Vancouver, British Columbia) and Silverbirch Energy Corporation (Calgary, Alberta).
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