09:49 AM EST - Coalspur Mines Limited : announced the finalization and Board approval of the development plan for its Vista coal project. The Development Plan for Phase 1 of Vista involves: Constructing and commissioning a six-million-tonne per annum ("Mtpa") capacity thermal coal facility by mid-2015, with the capability to expand to 12 Mtpa; A development capital cost of $458 million, with a lump sum turn-key contract covering $221 million U.S. (approximately $226 million) of this expenditure; and Constructing the 6 Mtpa facility in one stage as opposed to the previously envisaged two stages. This accelerated development is the result of a modified execution strategy and efficient re-engineering of the materials handling infrastructure and process flowsheet and presents significant savings (approximately $197 million). Coalspur Mines Limited
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