$9 billion Joslyn mine approved
Dec 8, 2011 at 11:07 am in Business, News by tyler.king
(Image courtesy Total)
The federal government has given the green light to a major oilsands project.
Natural Resources Minister Joe Oliver says the Joslyn North mine project proposed by Total E&P has now been approved.
Oliver says the mine could mean as much as $9 billion in new capital investment.
The Joslyn project was first proposed six years ago and has gone through regulatory hurdles and faced opposition from environmental groups.
Oliver says the long lag shows the need for a more efficient regulatory system.