Coalspur Mines Ltd. (TSX:CPT,ASX:CPL) announced that the Alberta Energy Regulator (AER) has scheduled a hearing for the company’s flagship Vista project for November 25, 2013. The hearing will focus on the concerns of groups granted intervener status by the AER and is the final external review stage in the AER’s approval process for the project.
As quoted in the press release:
The hearing is expected to last one to two weeks and the AER will render its final decision on approval for Vista within 90 days of the close of the hearing. Should agreements be reached with all of the interveners before the hearing date, the AER could render its final decision regarding the approval of Vista without holding a hearing.
If the hearing proceeds, the Company anticipates that the AER will render its final decision on Vista in early March 2014. Assuming AER approval and the subsequent receipt of the remaining licences, which the Company anticipates receiving, construction is expected to commence in Q2 2014. With this revised schedule, first production would be towards the end of 2015.