Coalspur Mines Ltd: Mining Presentation - Investment Proposition in a World Class Opportunity
24.02.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Coalspur (ASX:CPL) (TSE:CPT) provide the latest Mining Presentation - Investment Proposition in a World Class Opportunity.World Class Opportunity
- Large, long life premium thermal coal reserve (565 Mt recoverable)
- Canada - stable mining jurisdiction, close to key Japanese and Korean markets
- Existing rail and port infrastructure, secured through long term agreements
- Profitable through the cycle
- Highly experienced management team
Vista Phase 1: Robust and Ready
- Low capital intensity: 6 Mtpa for development capital of C$478M
- Competitive FOB cash cost: US$58/t (C$64/t)
- Regulatory and environmental process concluding: AER decision April 2014
- US$350M debt facility secured and finalising / optimising full funding package
- 21 month construction period with first coal in mid 2016
Vista Phase 2: Significant Upside
- Simple brownfield expansion
- Capacity doubled (12 Mtpa) for ~C$260M capital
- Increased tonnage expected to commence in 2019
- Plan to finance out of Phase 1 cash flow
To view the BMO 23rd Global Metals and Mining Conference presentation, please visit:
http://media.abnnewswire.net/media/en/docs/76671-ASX-CPL-668484.pdf
About Coalspur Mines Limited:
Coalspur 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.
Contact:
Coalspur Mines Ltd.
T: +1-403-261-9971
WWW: www.coalspur.com