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%.
A new report says putting a price on carbon won’t likely affect oil sands development plans if the price of oil rises above US$60 a barrel.
TD Bank economist Dina Ignjatovic said that’s the estimated minimum price oil sands companies need to go ahead with their projects, and if it’s reached then the extra cost of a carbon tax likely won’t sway a decision.
If the price of oil stays below US$60 a barrel then the picture becomes murkier, said Ignjatovic.