Here is an old NR from my new favorite I was just reading, June 1997; I wish like heck I invested in them as I do now, then. RE:
syncrude.com
Syncrude News Release
June 26, 1997
Stakeholder issues successfully resolved Aurora hearing decision by EUB reflects value of people working together
(Fort McMurray, Alberta) Syncrude Canada is pleased with the recent decision by the Alberta Energy and Utilities Board that a public hearing for the company's proposed new Aurora Mine is not required. This reflects the value of people working together, the company says.
"Our ability to work with our stakeholders and resolve issues lies at the heart of this decision," says Don Thompson, Syncrude's General Manager of Environment, Health & Safety. "We have worked with more than 160 stakeholders to address and resolve their concerns. Now, we look forward to the Board's final decision regarding the mine application."
Phil Lachambre, Syncrude's Chief Financial Officer and Vice President Business & Corporate Affairs, says Syncrude will continue to work with its stakeholders as the $1.5 billion mine is developed. "We want to ensure their interests, whether social, economic or environmental, are reflected in our plans and that the project moves ahead in a timely and environmentally responsible fashion."
The development of the proposed Aurora project would create about 3,500 person-years of employment over the next five years. It would introduce a number of new technologies with significant environmental benefits, including an extraction process that uses 60 percent less energy than current methods, as well as an energy-efficient truck-and-shovel operation and hydrotransport system. An innovative method of managing tailings, known as composite tails, would also be implemented to improve and accelerate final land reclamation activities.
Pending EUB approval, construction of Aurora, which would be located 35 kilometres northeast of Syncrude's Mildred Lake plant, is scheduled to begin in 1998, with production commencing in 2001. Output from Aurora could increase Syncrude's production, from its current 74 million barrels per year, to 114 million barrels per year by 2005.
Syncrude Canada is a joint venture of Alberta Energy Company Ltd., AEC Oil Sands Limited Partnership, Athabasca Oil Sands Investment Inc., Canadian Occidental Petroleum Ltd., Canadian Oil Sands Investments Inc., Gulf Canada Resources Ltd., Imperial Oil Resources, Mocal Energy Limited, Murphy Oil Company Ltd., and Petro-Canada.
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For more information:
Peter Marshall
Media & Investment Relations Advisor
Syncrude Canada Ltd.
(780) 917-6676
and/or
D'Arcy Levesque
Manager, Government & Public Affairs
Syncrude Canada Ltd.
(780) 917-6699
VISIT our web site at syncrude.com for more information about Syncrude as well as downloadable photographs of the operation located in the Library area of the site
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