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Coalspur Mines Limited announced 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 market.” “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.” Highlights: • Bankable Feasibility Study commenced on the Vista Coal Project and is scheduled for completion by December 2011 • Coalspur has appointed Snowden Mining Industry Consultants Inc., a subsidiary of Downer EDI Limited 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 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 More information, click here. |
