 |
Perth, Aug 4, 2011 (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (TSE:CPT) is is pleased to announce that it has further strengthened its management team with the appointment of Mr Wayne Drier who will join the Company as Vice President, Commercial.
Mr Drier has over 15 years experience in business development, commercial and corporate finance roles within major mining companies and investment banks. Prior to joining Coalspur, Mr Drier was the Commercial Executive for Mantra Resources Limited (ASX:MRU), a TSX/ASX listed uranium exploration company, where he oversaw the recent sale of the company to JSC Atomredmetzoloto for an all-cash consideration of A$1.02 Billion. While in this position Mr Drier was also responsible for negotiating off-take arrangements and managing a number of the commercial aspects of the bankable feasibility study on the company's uranium project.
Prior to Mantra Resources, Mr Drier held senior management positions at Norilsk Nickel International and BHP Billiton (ASX:BHP). Whist at BHP Billiton he held the position of Vice President, Commercial for its energy coal operations in South Africa. In this role Mr Drier was responsible for the commercial, rail and port relationships and represented BHP Billiton on the Board of the Richards Bay Coal Terminal, one of the largest export coal facilities in the world.
As Vice President, Commercial Mr Drier will be responsible for corporate finance and the business development activities of the Company, including structuring of the project finance required for the development of the Vista Coal Project ("Vista"). Mr Drier will be based out of the Calgary office.
The Company's Managing Director and CEO, Mr Gene Wusaty, said "Wayne's addition to the Coalspur management team is crucial given Vista's stage of development and as we progress to complete the Bankable Feasibility Study by year end. His experience will be invaluable as Coalspur moves to secure project financing and product off-take agreements to bring Vista into production."
ASX:CPL) (TSE:CPT) is is pleased to announce that it has further strengthened its management team with the appointment of Mr Wayne Drier who will join the Company as Vice President, Commercial.Mr Drier has over 15 years experience in business development, commercial and corporate finance roles within major mining companies and investment banks. Prior to joining Coalspur, Mr Drier was the Commercial Executive for Mantra Resources Limited (
ASX:MRU), a TSX/ASX listed uranium exploration company, where he oversaw the recent sale of the company to JSC Atomredmetzoloto for an all-cash consideration of A$1.02 Billion. While in this position Mr Drier was also responsible for negotiating off-take arrangements and managing a number of the commercial aspects of the bankable feasibility study on the company's uranium project.Prior to Mantra Resources, Mr Drier held senior management positions at Norilsk Nickel International and BHP Billiton (
ASX:BHP). Whist at BHP Billiton he held the position of Vice President, Commercial for its energy coal operations in South Africa. In this role Mr Drier was responsible for the commercial, rail and port relationships and represented BHP Billiton on the Board of the Richards Bay Coal Terminal, one of the largest export coal facilities in the world. As Vice President, Commercial Mr Drier will be responsible for corporate finance and the business development activities of the Company, including structuring of the project finance required for the development of the Vista Coal Project ("Vista"). Mr Drier will be based out of the Calgary office.
The Company's Managing Director and CEO, Mr Gene Wusaty, said "Wayne's addition to the Coalspur management team is crucial given Vista's stage of development and as we progress to complete the Bankable Feasibility Study by year end. His experience will be invaluable as Coalspur moves to secure project financing and product off-take agreements to bring Vista into production."
| Tweet |
About Coalspur Mines Limited
Coalspur Mines Limited ("Coalspur" or "Company") is a coal exploration and development company with approximately 40,600 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur’s flagship coal project is the Vista Coal Project (“Vista”) which has the potential to be the largest export thermal coal mine in Canada.
Vista covers approximately 9,984 hectares and provides a large scale, surface mineable, thermal coal project. Vista has the advantage of leveraging off of established first world infrastructure with CN Rail’s main line located adjacent to Vista which is substantially underutilised and provides a rail line suitable for the transport of coal to deepwater ports on Canada’s west coast. Coalspur has also secured a port allocation agreement with Ridley Terminals Inc. which is essential to the logics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific Rim countries, including China, Japan, and Korea.
A feasibility study was completed on Vista in January 2012, which defined a 30 year mine plan with forecast annual production capacity of 11.2Mtpa. Marketable Coal Reserves on Vista are 313Mt from a Recoverable Coal Reserve of approximately 566Mt. Initial development costs for Vista are expected to be approximately C$860 million with an additional approximately C$370 million required to reach full capacity.
Coalspur has offices in Calgary and Hinton in Canada as well as in Australia. The Company is dual listed on the Toronto Stock Exchange ("TSX") under the symbol "CPT" and on the Australian Securities Exchange ("ASX") under the symbol "CPL".
|
||
|
 |
Related Companies |
>>>          BHP Billiton Limited>>> Coalspur Mines Limited>>> Mantra Resources Limited |
| |
Related Industry Topics: |
Metals | Energy General | Financial General | Mining | Coal | |
| |
This Page Viewed: (Last 7 Days: 150) (Last 30 Days: 990) (Since Published: 15750) |
Events & Exhibitions
|
Site Search
| ENGLISH All Languages |
Upcoming WebCasts
 | Mr Mark Paton CEO Cue Energy Resources Tuesday, June 12, 2012 |
 | Mr Alan Hopkins CEO Pan Asia Corporation Tuesday, June 12, 2012 |
 | Mr Barry Dawes Martin Place Securities Tuesday, June 12, 2012 |
 | Dr Andrea Grant CEO Living Cell Technologies Monday, July 02, 2012 |
|
Coalspur Mines Limited | ||||||
|
|||||||
|
Mantra Resources Limited | |||||
|
||||||
Companies in the News
Mobile Video TV
|
||
|
||
){kind=link}