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.
Coalspur Mines Limited
ASX:CPL ISIN:AU000000CPL4
News
Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to announce the completion of a positive Scoping Study confirming the economic viability of the Company's wholly owned Hinton Coal Project ("HCP" or "Project") in Alberta, Canada.
The Board of Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to present its December 2009 quarterly report. During the quarter significant progress was made in developing the Company's coal resource base and advancing the scoping study on the Hinton Coal Project ("HCP" or "Project").
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Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to advise that following shareholder approval, the second tranche of the Company's previously announced share placement has now been completed, consisting of 1,000,000 million shares to Mr Gene Wusaty, Managing Director and Chief Executive Officer, and his nominees comprising other senior management of the Company.
ABN Newswire stocks to watch today include: Focus Minerals Limited (ASX:FML), Australian Bauxite Limited (ASX:ABZ), Image Resources (ASX:IMA) (PINK:IMREF), Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) and FerrAus Limited (ASX:FRS) (PINK:FRRAF).
Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) is pleased to advise that it is undertaking a significant two phase drilling and coal testing program for both the Hinton East and West properties. The Alberta government has granted approval for the first phase of the program comprising 10 core drill holes which will start in the coming weeks.
Coalspur Mines Limited (ASX:CPL)(PINK:CSPZF) is pleased to advise that it has significantly expanded its coal lease position with the acquisition of a suite of Crown Coal Leases adjacent to the Coalspur's existing Hinton and Coalspur Projects ("Projects") following a public tender.
Coalspur Mines Limited (ASX:CPL)(PINK:CSPZF) is pleased to advise that it has further strengthened its management team with the appointment of two senior coal mining and development executives. Mr Denis Lehoux will join the Company as Vice President, Operations and Mr Dermot Lane will join the Company as Vice President, Development.
The Directors of Coalspur Mines Limited (ASX:CPL)(PINK:CSPZF) are pleased to advise that the Company will make a placement of 25 million ordinary shares at A$0.32 each, predominately to institutional investors to raise A$8 million before costs.
The Board of Coalspur Mines Limited (ASX:CPL) is pleased to present its September 2009 quarterly activities report.
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