Coalspur Mines Limited (ASX:CPL) Announce Progress Of Mine Permit And Processing Plant Approval
Perth, April 27, 2011 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (PINK:CSPZF) (TSE:CPT) is pleased to announce that the Government of Alberta has issued three Orders In Council which authorize the Energy Resources Conservation Board (the "ERCB") to:
1. amend Approval No. C 82-2 by changing the holder's name for the Coal Processing Plant #8 approval to a subsidiary of the Company;
2. amend Mine Permit No. C82-60 into two distinct mine permits; and
3. transfer one of the two new distinct mine permits (McPherson Creek Mine No. 1815) to a subsidiary of the Company.
As of the date of this press release, the above amendments and transfers have not yet been effected by the ERCB and Coalspur has not received any documentation regarding the amendments and transfers, however the Company expects to receive documentation regarding the amendments and transfers shortly.
Coalspur has not yet been advised of the conditions and requirements that will be included in the permits.
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.
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