Mining Intelligence and News
Canada

Fort Hills Mine

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Australia

Fort Hills Mine

Location: 22 km N from Fort Mckay, Alberta, Canada

Regional Office:

Tar Island
P.O. Box 4015, Main Mailroom
Fort McMurray
Alberta, Canada
T9H 3E3

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Bitumen
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotIn 2023, Suncor Energy intends to continue progressing the three-year mine improvement plan at Fort Hills, which includes an accelerated sequence of mine development relative to its historical plans.

Owners

SourceSource
CompanyInterestOwnership
Total E&P Canada Ltd. 31.25 % Indirect
Suncor Energy Inc. (operator) 68.75 % Indirect
On February 2, 2023, Teck Resources Limited completed the sale of its 21.3% interest in the Fort Hills Energy Limited Partnership (“Fort Hills”) to Suncor Energy Inc. (14.65%) and TotalEnergies EP Canada Ltd. (6.65%). As a result of this transaction, Suncor and its affiliate’s aggregate share in the project is 68.75% and TotalEnergies EP Canada Ltd. - 31.25%.

October 4, 2023 - Suncor Energy will buy the 31.23% interest held by TotalEnergies EP Canada in the Fort Hills oil sands mining project in northern Alberta, its total ownership to 100%.

Suncor's deal is expected to close by the end of this year.

Deposit type

  • Sediment-hosted

Summary:

Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnits2022202120202019
Bitumen k barrels  ....  Subscribe  ....  Subscribe  ....  Subscribe57,700

Operational metrics

Metrics20222021
Daily production capacity  ....  Subscribe  ....  Subscribe
Ore tonnes mined  ....  Subscribe  ....  Subscribe

Production Costs

CommodityUnits2022202120202019
Cash costs Bitumen CAD  ....  Subscribe  ....  Subscribe  ....  Subscribe 26.2 / barrel  

Financials

Units20222021
Capital expenditures M CAD  ....  Subscribe  ....  Subscribe
Gross profit M CAD  ....  Subscribe

Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 8, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 8, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 8, 2023

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