Coalspur Mines Limited ("Coalspur" or "Company") is a thermal coal development company with approximately 55,000 hectares of leases located within the Hinton region of Alberta, Canada. Coalspur’s flagship coal project is the Vista Coal Project which has the potential to be one of the largest export thermal coal mines in North America.
Coalspur has offices in Hinton, Calgary and Vancouver in Canada, as well as in Australia. The Company’s goal is to develop a major new thermal export coal region in Alberta to meet growing energy demands worldwide. The Company is dual listed on the Toronto Stock Exchange (“TSX”) under the symbol "CPT" and on the Australian Securities Exchange ("ASX") under the symbol "CPL".
Vista covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal project. Vista has the advantage of leveraging off established first world infrastructure with CN Rail’s main line, located adjacent to Vista, which is substantially underutilised and provides a rail line suitable for the transport of coal to deepwater ports on Canada’s west coast.
Coalspur has also secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific Rim countries, including China, Japan and Korea.
Vista is designed to reach a maximum clean coal production rate of 12.0 Mtpa, has a long mine life of 29 years and will be developed over two phases. Phase 1 will be developed in two discrete stages: the first stage will produce 3.0 Mtpa of clean coal at a capital cost of approximately C$527 million and the second will provide for a further 2.0 Mtpa of production. Phase 2 will add an additional 7.0 Mtpa to take Vista to its maximum design capacity of 12.0 Mtpa by 2019. Marketable Coal Reserves on Vista are 313 Mt from a Recoverable Coal Reserve of approximately 566 Mt.
In addition the Company holds leases directly south of Vista in the Vista South Coal Project (“Vista South”). Vista South covers approximately 23,300 hectares extends for over 25km. Vista South contains a Measured and Indicated Coal Resource of 471Mt and Inferred Coal Resources of 605Mt. Coalspur also owns approximately 14,400 hectares of coal leases which are located on the northeast boundary of Vista (“Vista Extension”). Future development at Vista Extension will leverage off secured port allocation and coal mining, handling and processing infrastructure to be developed on Vista.