Syncrude to extend life of Mildred Lake oilsands mine by a decade

CALGARY — The owners of Syncrude Canada unveiled a plan Monday to keep its oilsands mining operations near Fort McMurray going after deciding last year to shelve a 250,000-barrel-per-day expansion.

The “MLX Project” is designed to extend the life of the Mildred Lake mine by about 10 years by opening two new mining areas adjacent to the current mine and continuing to use existing ore crushing and extraction facilities.

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