Canadian miner Teck Resources Ltd on Friday floated a potential exit from the oi...
) on Friday floated a potential exit from the oil sands and warned of a possible C$1.13 billion hit should Prime Minister Justin Trudeau’s government reject its Frontier bitumen mine.
At full capacity, the mine would produce 260,000 barrels of crude oil per day, making it one of the largest in Alberta’s carbon-intensive oil sands. The miner said it booked non-cash impairment charges of C$999 million in quarter ended Dec. 31, including C$910 million tied to the Fort Hills operation in which it has a 21.3% stake.
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