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 is C$841-million.

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

Latest Developments
The Alberta Energy Regulator (AER) has approved Coalspur’s Vista coal project, paving the way for the company to finalise detailed licences and permits over the coming months.

The AER approval includes various requirements or conditions relating to Vista’s coal processing plant, mine plan and end-pit lake, geotechnical investigations, fines management, surface water quality, wetlands, wildlife and noise mitigation.

Coalspur has stated that it is confident that it can abide by the conditions.

On Budget and on Time?
Coalspur initially planned to start construction at Vista in September 2013, but it had to delay activities while awaiting development approval. Regulatory approval had initially been scheduled for the end of June of 2013, with project completion planned for mid-2015, but the AER received several statements of concern against the Vista project.

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