Announces Receipt of Mineral Surface Lease
Vancouver, Oct 13, 2014 AEST (ABN Newswire) - Coalspur Mines Limited ("Coalspur" or "Company") (
ASX:CPL) (TSE:CPT) is pleased to announce that the Alberta Energy Regulator ("AER") has issued a mineral surface lease ("MSL") pursuant to the Public Lands Act (Alberta) for Phase 1 of the Vista project ("Vista"). The MSL is the final approval required from the AER in order to commence construction of Vista. A development permit will be sought by Coalspur from Yellowhead County prior to commencing construction.
Coalspur President and CEO, Gill Winckler, said: "We are pleased that we have now received all required AER approvals for the development of Vista. During this two and a half year regulatory approval process we have sought to work collaboratively with key stakeholders and, in particular, sought to design Vista in a way that will be mindful of, and minimize, the environmental impact that the operation will have. We remain focused on the strategic review process that we announced on 23 June 2014 and will update the market at the appropriate time determined by our board of directors".
About Coalspur Mines Limited
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development. Vista is located adjacent to CN Rail's main line, which is suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has 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 countries.
| ||
|
