Teck, Suncor, CNRL Take Top Spots in Annual Ranking of Mining Company Revenues
Mining and tar sands/oil sands producers Teck Resources, Suncor Energy, and Canadian Natural Resources Ltd. took three of the four top spots in an annual listing of Canadian mining companies by gross revenues, raking in a combined C$36.1 billion in 2018—a year when fossils complained bitterly about how hard they were finding it to operate in Canada.
Teck placed second to potash and fertilizer producer Nutrien, industry newsletter JWN Energy reports, citing figures from Canadian Mining Journal. “Suncor Energy and Canadian Natural Resources are ranked numbers three and four, respectively, for 2018, with both companies moving up in the new listing compared to last year.”
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Suncor increased its tar sands/oil sands revenue from $11.2 to $12 billion between 2017 and 2018, partly by starting production at its new Fort Hills project in Alberta. CNRL boosted its revenue from $7.1 to $11.5 billion, partly due to output from its majority-owned Athabasca Oil Sands Project.