Oil sands giants Suncor and Petro-Canada agree to merge

Oil sands giants Suncor and Petro-Canada agree to merge

Suncor Energy Inc. and Petro-Canada, both major players in oil sands mining and refining, said today they have agreed to merge. The combined company, with about $C63 billion in combined assets, will operate as Suncor, but will maintain the Petro-Canada name is refined products. “This merger creates a made-in-Canada energy leader with the assets, cost [...]

March 23rd, 2009 by garydillard 
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Quadra Mining selling shares, getting loan to complete Franke

Quadra Mining selling shares, getting loan to complete Franke

Quadra Mining Ltd. and Centenario Copper Corp. said today they have received a committment letter for $37.5 million from West LB in connection with a syndicated $50 million project loan facility to finance the development of Centenario’s Franke mine in Chile. Quadra is acquiring Centenario to get the Franke SX/EW project and get it developed. [...]

March 20th, 2009 by garydillard 
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