Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Canadian Natural Resources Ltd. has been fined $10,000 by Alberta’s professional engineering society — the maximum allowed — following an investigation into an accident at an oilsands site that killed two and injured five.
The Association of Professional Engineers and Geoscientists of Alberta said Wednesday that it found the company engaged in unprofessional conduct by failing to make sure building plans were certified by an engineer and by contracting with a company without making sure it was competent to do the work.
The investigation looked into events on April 24, 2007, where workers were building a 20-metre high oil tank at the Horizon oilsands project north of Fort McMurray, when cables holding up a roof support structure snapped due to high winds.
