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 [...]
Gabriel says it’ll cost another $238 million for Rosia Montana
Gabriel Resources Ltd. is now projecting it will cost $876 million (excluding working capital) to complete its Rosia Montana gold project in Romania, it said this morning. That’s up from an estimate of $638 million in 2006, an increase of $238 million, excluding sunk costs of about $147 million, which include about $90 million for [...]
Burnstone moves ahead with erection of permanent headgear
Great Basin Gold Ltd. said Feb. 10 it has completed the successful erection of the permanent headgear at the No. 1 vertical shaft of its Burnstone project in the Mpumalanga Province, 80 kilometers from Johannesburg, South Africa. This is the second project for Great Basin Gold, which is now doing trial mining and metallurgical test [...]
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