The BFS defined a 30 year mine life producing approximately 11.2 million tonnes per annum (Mtpa) of marketable clean coal.
The company will submit the final first phase regulatory applications and commence detailed engineering works on Vista, which will be complete in 2013 and construction will immediately follow.
The company also secured port allocation at Ridley Terminals and signed a memorandum of understanding with CN Rail.
Coalspur will now focus on several initiatives which include evaluating the utilization of contractors for pre-strip and initial years of mining and project financing discussions with potential off-take partners.
Other initiatives include initiating detailed engineering on the Vista mine design and submitting the final regulatory applications required to begin construction.
The development of the mine is planned in two phases, the first phase of Vista is planned to produce 5.0Mtpa with first production scheduled for early 2015.
The second phase is scheduled to begin construction in 2015 and reach full capacity of 11.2Mtpa of marketable coal production in 2018.
Projected first phase development is expected to costC$864m ($862m) and an incremental C$370m ($369.2m) to reach full capacity of 11.2Mtpa in the second phase.
Snowden Mining Industry Consultants Inc and other international coal industry engineering firms undertook the study.
