Wildfires erupt in Canada crude patch in threat to oil sands
One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May.
Dec 18 (Reuters) – Northern Dynasty Minerals, owner of the Pebble copper-gold project in Alaska, said rival First Quantum Minerals acquired the option to buy half of the project for $1.50 billion.
Under the agreement, First Quantum can make an option payment of $150 million over four years to buy the right to earn a 50 percent interest in the Pebble Limited Partnership for $1.35 billion.
(Reporting by John Benny in Bengaluru; Editing by Maju Samuel)