Teck Resources raises oil sands ante
Gary Park For Petroleum News
Teck Resources, Canada’s largest producer of metallurgical coal and zinc, is taking an even bolder step into oil sands mining with a C$435 million bid to acquire SilverBirch Energy, its 50 percent partner in the Frontier lease.
If the transaction is ratified by two-thirds of SilverBirch shareholders....
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Two leases underpin project
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