Suncor, Teck Buy Part Of Total’s Stake In Canadian Oil Sands Mine

摘要

Suncor Energy Inc. (NYSE: SU) said Jan. 3 that it and Teck Resources Ltd. (NYSE: TECK) have taken higher stakes in the Fort Hills oil sands mine from partner Total SA (NYSE: TOT), resolving a dispute over building costs. Under terms of the deal, Suncor and Teck will fund more of the C$17 billion (US$13.56 billion) project’s capital cost- C$300 million (US$239 million) and C$120 million (US$96 million) more, re- spectively. Suncor’s share of the project will be 53.06%, compared to 20.89% for Teck and 26.05% for Total.