Mining & Exploration -- Finding the Middle Ground
May 6th, 2008
The gap between environmentalism and the mining industry has historically been a chasm on the scale of the Grand Canyon; will technology, a desire for a greater global market share and a mutual goal of making Canada a world leader in environmentalism bring the two sides closer together?
The tarsands--more accurately known as bituminous sands--of northern Alberta have always received their fare share of attention, and for good reason. The heavy crude oil that can be extracted from the sands in Alberta is estimated at 174 billion barrels--the world's second largest reserve after Saudi Arabia. At a time when oil-based products are increasing in value to unprecedented levels, the potential revenue from the tarsands is staggering. But it comes at a price.
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