The long-expected final investment decision for the Fort Hills Mine was granted on 30 October 2013 and construction will proceed ahead of a Q4 2017 start-up. This ends a period of uncertainty for the 180,000-b/d project, which was put on hold in 2008 amidst rampant sector-wide cost inflation.
Table of contents
Strong cash flow generation drives project green light
Suncor adds to its mining prowess, while Total and Teck will establish first mining production
Mining costs are challenging but operator experience provides budget and timeline confidence