Teck Resources Delays Massive Tar Sands/Oil Sands Mine to 2026
A massive, 260,000-barrel-per-day tar sands/oil sands mine in northern Alberta has been delayed five years, Vancouver-based Teck Resources Ltd. revealed last week in a regulatory filing with the Canadian Environmental Agency.
Teck now expects to produce its first batch of bitumen from the C$20.6-billion Frontier project, 110 kilometres north of Fort McMurray, in the first three months of 2026, rather than 2021. Construction is scheduled to begin in 2019.
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“Production from a second phase is expected in 2037 with mining complete in 2066,” Reuters reports.
The news services notes that Teck postponed the project “at a time when oil prices show few signs of recovering from current depressed levels.”