Bankable Feasibility Study ("BFS") commenced on the Vista Coal Project
("Vista") and is scheduled for completion by December 2011
Coalspur has appointed Snowden Mining Industry Consultants Inc.
("Snowden"), a subsidiary of Downer EDI Limited ("Downer") which is one
of the World's leading international coal engineering firms, as overall
project manager for the BFS
The BFS will build on the strong technical and economic results from the
recently completed Pre-Feasibility Study ("PFS") and will become the
blueprint for developing one of North America's largest export thermal
coal projects. This will establish the Hinton region as a strategic
supplier of thermal coal to the World's major emerging markets
Snowden will be assisted by a number of leading coal industry firms that
all possess essential expertise in the design and construction of
surface coal operations in Canada
PERTH, Western Australia, April 11 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is pleased to announce that the BFS for Vista has now commenced and is
scheduled for completion by December 2011.
The BFS will build on the substantial technical and feasibility studies
already undertaken on Vista, including the recently completed PFS which
confirmed Vista's technical and economic viability to operate with
strong cash margins.
Commenting on the commencement of the BFS, Mr Gene Wusaty, Managing
Director and CEO, said "This is an exciting time for the Company and
all of its stakeholders as we have now begun the final stage before we
formally commence construction at Vista. The PFS confirmed the
economical viability of Vista and the BFS will help maximize its
potential to be a strategic player in the world export thermal coal
"The appointment of Snowden was a natural selection for us and clearly
the best fit for the overall project manager's role. Snowden has a
highly credentialed mining team based in Calgary and has existing close
working relationships with the other firms that will perform specialist
functions for the BFS. Snowden are also part of the international
engineering and infrastructure group Downer, who have already worked on
our PFS and are experts in the design and construction of coal wash
plants around the world."
"We have already selected and completed the appointment of an
experienced owner's team, all of whom have extensive project management
and coal mine operating experience in Canada, and will now combine with
Snowden to rapidly progress completion of the BFS."
Scope of the BFS
The BFS is scheduled for completion by December 2011 and will focus on:
Annual production capacity
Mine engineering and scheduling
Geology and resource modelling
Coal crushing and handling
Coal processing and thermal drying
Infrastructure, transport and logistics
Geotechnical, dewatering and site water management
Operating and capital cost assessment
Market price forecasting
Mine and environmental permitting
Environmental permitting, geology and resource estimation will remain
the responsibility of the preferred contractors already in place.
Millennium EMS Solutions Ltd is responsible for the environmental and
regulatory considerations and Moose Mountain Technical Services will
provide the geology and resource estimation.
Following the completion of a comprehensive and competitive tender
process, the BFS was awarded to Snowden, a subsidiary of Downer who
will act as the overall project manager for a consortium of highly
experienced coal industry firms. Coalspur has a long standing
relationship with Downer from their work on the Pre-Feasibility Study
that was completed on Vista in 2010.
The firms chosen to participate in the BFS are internationally
recognized and will provide personnel who have significant coal
industry experience. The selected project team members from each firm
are specialists in preparing various aspects of coal mining studies
required for the BFS.
Snowden - Overall Project Manager
Snowden has been selected to act as the overall project manager on the
BFS given their proven track record in providing clients with the
information and solutions necessary to optimize their investment in the
resources sector. They will be responsible for the overall project
management, financial analysis and creation of the NI 43-101 compliant
BFS documentation. Snowden has 24 years of international experience in
providing consulting services, technology solutions and technical
training to the mining and related sectors. In the last four years
Snowden has completed feasibility studies on three large scale coal
projects located in South Africa, Mozambique and New Zealand. Snowden
has selected a project management team comprised of Canadian based
geologists and mine engineers who have experience designing and
managing open pit coal mines in both North and South America.
Marston Canada Ltd. ("Marston") - Mine Engineering
Marston is a full-service international geological and mining consulting
firm that brings over 30 years of corporate experience in geologic and
mine modelling, design, engineering and management experience. Marston
brings relevant recent experience in successfully integrating draglines
with large complex truck-shovel operations. Their worldwide experience
includes projects in North America, Australia and South Africa. Marston
is responsible for the mining engineering aspects of the BFS as well as
support for the mine license application.
CPG Resources - QCC Pty Ltd ("QCC"), a subsidiary of Downer EDI Limited - Processing Plant and Thermal Dryer Design
QCC was chosen to participate in the BFS on the basis of their diligence
and expertise that they demonstrated during the work they performed on
the PFS. QCC's work for the BFS will include the assurance that the
clean coal products will meet the required specifications of future
customers. QCC will work closely with CWA on all of the material
handling and infrastructure aspects of the BFS. QCC has had significant
involvement with a large number of operational and feasibility studies
for other coal deposits in Australia, New Zealand, South Africa,
Indonesia, Bangladesh, China, Mongolia and Russia.
CWA Engineers Inc. ("CWA") - Infrastructure design
CWA is a premier consulting engineering and project management firm with
a track record of successfully delivering multi‐discipline engineering
projects in Canada. CWA's expertise not only includes feasibility
studies but also full service project and construction management. CWA
has recent engineering and construction experience in the coal fields
of northeast British Columbia and brings significant Canadian cold
weather experience. CWA is responsible for all infrastructure design
and the raw and clean coal handling, stockpiling, reclaim systems and
will provide input to all of the QCC designs.
Klohn Crippen Berger Ltd. ("KCB") - Geotechnical
KCB has 30 years of experience in coal mining projects in Western Canada
and has established offices in Calgary and Edmonton, Alberta. KCB is
responsible for all geotechnical aspects of the BFS, including
foundation design for infrastructure, the processing facility, and
waste rock disposal sites, as well as dragline stability and open-pit
highwall design and monitoring criteria. KCB is also responsible for
pit wall and footwall dewatering design, process water supply, storage
and recycle design, site water management design, and a sustainable
water management plan for mine closure.
The full version of this news release is available on the Company's
website at www.coalspur.com and SEDAR at www.sedar.com.
For further information regarding the Project, including a description
of Coalspur's quality assurance program, quality control measures, the
geology, samples collected and testing procedures in respect of the
Project please refer to the technical report on the Project titled
"Vista Coal Project Prefeasibility Study" (the "Technical Report") which is compliant with National Instrument 43-101 - "Standards of
Disclosure for Mineral Projects" ("NI 43-101") and is available for review on SEDAR at sedar.com.
Competent Person / Qualified Person Statements
The information in this news release that relates to Coal Resources is
based on information compiled by Mr. Robert J. Morris, who is a Member
of the Association of Professional Engineers, Geologists and
Geophysicists of Alberta. Mr. Morris is a full-time employee of Moose
Mountain Technical Services, who are consultants to Coalspur. Mr.
Morris has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity he is undertaking to qualify as a "Competent Person" as
defined in the 2004 Edition of the 'Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code"), and a "Qualified Person" under NI 43-101. Mr. Morris consents to the
inclusion of such information in this news release in the form and
context in which it appears.
The information in this news release that relates to mining engineering
and Recoverable Coal Reserves is based on information compiled by Mr.
Robert Fong, who is a Member of the Association of Professional
Engineers, Geologists and Geophysicists of Alberta. Mr. Fong is an
associate of Moose Mountain Technical Services, who are consultants to
Coalspur. Mr. Fong has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to
the activity he is undertaking to qualify as a "Competent Person" as
defined in the 2004 Edition of the JORC Code, and a "Qualified Person"
under NI 43-101. Mr. Fong consents to the inclusion of such information
in this news release in the form and context in which it appears.
All other Exploration Results and scientific and technical information
in this news release is based on information compiled by Mr. Eugene
Wusaty, who is a Member of the Association of Professional Engineers
and Geoscientists of Alberta. Mr. Wusaty is a full-time employee of
Coalspur. Mr. Wusaty has sufficient experience which is relevant to
the style of mineralisation and type of deposit under consideration and
to the activity which he is undertaking to qualify as a "Competent
Person" as defined in the JORC Code, and a "Qualified Person" under NI
43-101. Mr. Wusaty consents to the inclusion of such information in
this news release in the form and context in which it appears.
Forward Looking Statements
This news release contains 'forward-looking information' that is based
on the Company's expectations, estimates and projections as of the date
on which the statements were made. This forward-looking information
includes, among other things, statements with respect to the Company's
business strategy, plans, development, objectives, performance,
outlook, growth, cash flow, projections, targets and expectations,
mineral reserves and resources, scoping, pre-feasibility and other
studies, results of exploration and related expenses. Generally, this
forward-looking information can be identified by the use of
forward-looking terminology such as 'expect', 'potential', 'outlook',
'anticipate', 'project', 'target', 'likely', 'believe', 'estimate',
'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will',
'plan', 'forecast', "evolve" and similar expressions. Persons reading
this news release are cautioned that such statements are only
predictions, and that the Company's actual future results or
performance may be materially different.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information. Forward-looking information is developed
based on assumptions about such risks, uncertainties and other factors
set out herein, including but not limited to the risk factors set out
in the Company's Annual Information Form. This list is not exhaustive
of the factors that may affect our forward-looking information. These
and other factors should be considered carefully and readers should not
place undue reliance on such forward-looking information.
The Company disclaims any intent or obligation to update or revise any
forward-looking statements whether as a result of new information,
estimates or options, future events or results or otherwise, unless
required to do so by law.
SOURCE Coalspur Mines Limited
For further information:
Managing Director and CEO
Telephone: +1 403 975 7901