Teck Cominco already part of Fort Hills oil sands project; Newmont ready to capitalize on international interest by marketing oil sands leases; Kinross funding company to look for oil sands investments
Gary Park
For Petroleum News
When Teck Cominco, one of the world’s largest zinc producers, paid C$475 million last year to take a 15 percent stake in the Fort Hills oil sands project and started talking about evaluating other oil sands opportunities it was seen as the most significant entry by the mining industry into the world of bitumen recovery in Alberta.