INTERNATIONAL COAL NEWS

Coalspur ups capacity as Vista project grows

COALSPUR has increased its logistical coal-moving capacity through newly signed transportation de...

Justin Niessner

This article is 13 years old. Images might not display.

The move is intended to accommodate the explorer’s expanding Vista thermal coal project in Alberta which following an optimization study earlier this year was projected to produce 12 million tonnes of coal per annum.

An updated agreement with Ridley adds 2.2Mtpa of throughput capacity beginning in 2017 to Coalspur’s existing 9.5Mtpa of port allocation with the British Columbia port operator.

The deal represents an attempt to compensate for an earlier 4Mtpa agreement with the terminal company which failed to receive government approval. However, Coalspur says the 11.7Mtpa of total capacity resulting from the current deal “substantially satisfies” Vista’s requirements.

The explorer also increased its rail haulage capacity through a revised memorandum of understanding with CN Rail.

The arrangement lifts Coalspur’s allocated rail haulage from 11.2Mtpa to 12Mtap and is expected to be concluded in 2012.

“The latest agreement with Ridley Terminals secures our port allocation requirements for Vista in an existing facility and the revised MoU with CN provides for matching rail capacity,” Coalspur president and chief executive Gill Winckler said.

“We are working closely with CN on definitive agreements which, once finalized, are expected to complete the infrastructure requirements to export coal from Vista to the Asia Pacific market.”

Earlier this year, Coalspur increased Vista’s measured and indicated coal resource by 404% to 471Mt and confirmed the site’s potential for longwall operation.

The company said the project has the potential to be the largest export thermal coal mine in North America, covering approximately 9984 hectares.

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions