Name and Location
Vista coal project, Canada.

Client
Coalspur Mines.

Project Description
The Vista coal project has marketable coal reserves of 313-million tons from a recoverable coal reserve of about 566-million tons.

The project envisages the development of a coal mine that produces an estimated 12-million tons a year.

The mine’s plan has been revised.

Phase 1 will be developed in two stages. The first stage will produce three-million tons a year of coal, with the second stage providing a further two-million tons a year of coal.

Phase 2 will add seven-million tons a year of coal production, taking the project to its ultimate design capacity of 12-million tons a year of coal.

Value
The estimated total net funding to reach production of 12-million tons a year of coal is C$841-million.

Duration
The ramp-up to full capacity will now be more than five years, as opposed to four years as indicated in the feasibility study, with full production expected to be reached in 2019.

Latest Developments
The revised mine plan will not require any modification to the regulatory application and process that is under way at Vista.

The updated production schedule complies with the terms of the mine licence and other applications that the company has submitted.

These applications are well under way and approvals for a five-million-ton-a-year development are expected towards the end of the first quarter of 2013.

Coalspur has also initiated the technical and environmental studies required to support the regulatory applications for the remaining seven-million tons a year of production capacity.

The company expects to complete these studies and file the necessary additional applications in the second half of 2013.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Coalspur Mines, tel +1 403 261 9997 or fax +1 403 767 6378.