This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vista Project Regulatory Update

VANCOUVER, Aug. 15, 2013 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is able to report further progress on its application for regulatory approval of the Vista project ("Vista") in Alberta, Canada.  Coalspur has received a formal notice of hearing from the Alberta Energy Regulator (the "AER"), which effectively confirms that Vista is in the final stages of the application review process. Coalspur expects this to be the final step prior to the AER issuing the licences necessary for the development of Vista.

The AER has been able to issue this notice because all technical and environmental matters pertaining to Vista have been satisfactorily dealt with. Following a final review in late September, the AER will decide whether a hearing will be set down to resolve any outstanding concerns. The Company is actively engaged with the AER to complete the application process under the new regulations, which have been in effect since 17 June 2013.

Coalspur has undertaken extensive stakeholder engagement over the last two years with all parties that could be impacted by Vista. As a result of this engagement, there is strong community support for Vista, and the Company has reached agreement with a number of potentially impacted parties and been able to reduce the Statements of Concern ("SOC") lodged with the AER down to seven active SOCs. Coalspur continues to engage with parties that it believes may be legitimately impacted by Vista and is confident that its discussions will be concluded within the timeframe stipulated by the AER.

Coalspur also notes that Canadian National Railway Company ("CN") has received final approval from the Canadian Transportation Agency for construction of the planned rail line which will provide CN with access to Vista's loading site.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs