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Coalspur, CN Sign Rail Transportation Agreement

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Coalspur Mines is pleased to announce that it has reached a definitive agreement (the "Agreement") with CN (NYSE: CNI) for the transportation of thermal coal
from its Vista Coal Project ("Vista") to Ridley Terminals Inc. ("Ridley Terminals"), as well as final agreement with CN regarding the construction of the
railway line to serve the mine.

Definitive Rail Transportation Agreement

The Agreement with CN is for a seven-year period, effective from 1
January 2013 and extending through to 31 December 2019. Pursuant to the
terms of the Agreement, as with most western Canadian coal producers,
CN will supply the equipment to carry Coalspur's coal to tidewater. The
key elements of the Agreement are consistent with the terms announced
by Coalspur on 14 December 2012 and include transportation of up to 12
million tonnes per annum ("Mtpa") of coal; and defined rates with agreed escalation and fuel surcharge
calculations.

As a result of signing this Agreement, Coalspur is able to confirm that
its

See full press release

Posted-In: News Guidance Financing Contracts Management Global

 

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