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COS makes a $1.3-billion investment

Next year, Canadian Oil Sands Limited will invest almost $1.3-BILLION into its operations at Syncrude.

The projects north of Fort McMurray are on-time, and budget.

$836-million will go towards replacing or relocating mining infrastructure, and to make facilities to reclaim tailings.

About $393 million will go to regular maintenance and the $97-million left, reflects capitalized interest.

Last month, COS said that in 2012 its net income rose $96 million from its 2011 numbers to $338-million.

November 30th, 2012