Coalspur Mines Limited Releases December Quarterly Report

Industrial Metals

Coalspur Mines Limited (TSX:CPT, ASX:CPL) announced results for the quarter ending 31 December 2012.

Coalspur Mines Limited (TSX:CPT, ASX:CPL) announced results for the quarter ending 31 December 2012.

As quoted in the press release:

Highlights:

  • The Company secured a US$300 million senior debt commitment from EIG Global Energy partners
    • Proceeds from the Facility will fund the majority of the development capital required to achieve first production at the Vista Coal Project
    • The Facility is expected to be executed and effective by the end of the quarter ending 31 March 2013
    • Securing this funding helps maintain the timeline for Vista where construction is scheduled to commence in 2013 with first production in 2015

To view the whole press release, click here. 

The Conversation (0)
×