By The Canadian Press

Hearings in Fort McMurray into Teck Resources Ltd.’s Frontier oilsands mine begin

Sep 25, 2018 | 6:18 AM

FORT MCMURRAY, Alta. – In a sign that the oilsands mining industry can’t be counted out just yet, public hearings into the proposed 20.6-billion-dollar Frontier Oil Sands Mine begin in Fort McMurray, Alberta, today.

International oil companies are cutting their oilsands mine investments and analysts say the long-life returns don’t justify the high upfront costs.

But Vancouver-based Teck Resources Limited says it is committed to its megaproject that could be producing oil by 2026.

The company is scheduled to kick off the hearing before a joint review panel of the Alberta Energy Regulator and Canadian Environmental Assessment Agency, with the rest of the week devoted to cross-examination by interveners.

If it’s approved and sanctioned, Frontier would be built in two phases and would have a mine life of 41 years, delivering over 70-billion-dollars in taxes and royalties to all levels of government over that period, the company says.

Plan Ahead

Why Would You Pre-Plan Your Funeral?

Apr 03, 2024

Dying away from home

What Happens if You Die Away From Home?

Mar 04, 2024

Flag Retiring Ceremony

What Do You Do With Worn-Out Flags?

Feb 01, 2024

It is to create about 25-hundred permanent jobs and employ about seven-thousand people during construction on its site about 110 kilometres north of Fort McMurray.