3 appl y f o r an e xem pt i on f r o m t he pe r f o r m anc e s t and ar d unt i l 2 025 For m or e de t ai l s p l ea s e r ef e r t o C anada G aze t t e O f f i c i a l R eg ul at i ons V o l 146 N o 1 9 Sep t em ber 12 20 12 The R eg ul at i on s a r e expe c t ed t o r es u l t i n a c um ul a t i v e r e duc t i on i n g r e enh ouse g as G H G em i ss i on s of 214 Mt w h i ch i s equi v al e nt t o r em ov i ng s o m e 26 m i l l i on pe r son al v e hi c l es p er y ea r f r om t he r o a d i n t he f i r st 21 y ea r s C oal f i r ed el ec t r i ci t y g ene r at i on i s r e spon si b l e f or 11 of C ana d a s t o t al G H G em i ss i ons T h e R eg ul at i ons a r e an i m por t a nt s t ep t ow ar ds m ee t i ng C ana da s GH G r edu ct i on t ar g et o f 17 f r om t he 2005 l ev el by 2020 I n A pr i l 2012 X s t r at a pl c a nnounce d i t w oul d se l l i t s 7 5 i nt e r e st i n t he D onk i n c ok i ng c oal pr o j e ct i n C ape B r e t on N ov a Sco t i a X s t r a t a had no t r epo r t e d t h a t i t had se c ur e d a buy er at t he t i m e of w r i t i ng C hi n es e com pany Wi nsway and J a pan e s e c om pany Ma r uben i f or m ed a 60 40 par t ner shi p unde r t he nam e 1629835 Alb er t a L t d w hi ch com pl et ed t he ac qu i si t i on of G C C on Ma r ch 1 2012 Fo l l ow i ng t he t r an sa c t i on G C C s st o ck w as de l i st e d f r om t he T or o nt o Stoc k Excha ng e P roj ec t U pd ates I n A pr i l 2013 t he Ca nad i a n Env i r onm ent al A ss e ss m ent A g enc y C EA A r e l ea s e d i t s c om pr ehe n si v e env i r onm ent a l as se s sm ent s t udy f or t he pr opo se d D o nk i n co al p r o j ec t f o r pub l i c c o nsul t a t i on T he C EA A f ound t ha t t he p r o j ec t i s not l i k el y t o c aus e s i g ni f i ca n t adv er se e nv i r onm ent a l e f f e ct s T h e p r o j ec t pr opon ent pr opo se s t o cons t r uc t a nd ope r a t e a n und er g r ound coa l m i ne a t t he si t e of t h e ex i s t i ng D onk i n m i ne l oca t ed o n t h e Donk i n Peni n sul a i n C ape B r et o n It w oul d pr o duc e 36 Mt y of r u n of m i ne c oal and 275 M t y of c ok i ng coa l f o r expo r t Pend i ng r eg ul a t or y appr ov al m i ne de v el opm ent i s p l ann ed t o beg i n i n 2013 I t w i l l l i k el y t ak e 1 5 y ea r s t o con st r uc t t he c o a l pr o ce s si ng pl ant and a not her y ea r or s o t o cons t r uc t t he b ar g e l o ad out f a ci l i t y Produc t i on i s pr o j ec t e d t o beg i n by t he end o f 2017 T he m i ne l i f e i s expe c t ed t o r ang e be t w ee n 20 and 30 y ea r s X s t r at a ow ns 75 of t he Do nk i n coa l pr o j ec t and E r den e R es our ce D ev el opm ent C o r p ow ns t he r em ai ni ng 25 Fort u ne M i ne r a l s L t d F or t une r es u bm i t t ed i t s ap pl i ca t i on f o r an env i r onm en t a l a ss es sm ent f or i t s A r ct o r s a nt h r ac i t e pr o j ec t i n A pr i l 2013 For t une cha n g ed t he na m e of i t s Mou nt K l appa n pr o j ec t t o A r ct o r s i n A ug ust 20 12 T h e pr op ose d pr o j ec t i s l oca t e d 160 k m no r t hea s t of Ste w ar t i n no r t her n B C T he com pany pl ans t o p r od uce an t h r ac i t e coa l f or e xpo r t a t a pr od uct i on r a t e o f 3 Mt y I n J une 2012 t h e BC Env i r onm ent al A ss es sm ent O f f i ce and t he C EA A i ss u ed t h e Appl i ca t i o n I nf or m at i on R e qui r em ent s Env i r onm ent al I m pac t St at em ent G ui de l i n es f or t he R av en unde r g r oun d coa l pr o j ec t pr o pose d by C om pl i anc e Ene r g y C or p C EC A s of M ar c h 31 2 013 t he pr o j ec t w as s t i l l at t h e pr e appl i c at i on st a ge I t i s a j oi n t v ent u r e b et w e en CE C 60 I t ochu Co r p of J ap an 20 and LG I nt er nat i ona l C or p of K o r e a 20 The p r opos ed p r o j ec t l oc at e d i n t he C om ox B as i n on V anc ouv er I sl and BC w oul d p r oduc e c ok i ng coa l f or expo r t at a r a t e o f 15 Mt y w i t h a m i ne l i f e of 2 0 y ea r s C oal sp ur Mi n es Lt d C o al s pur expe ct s t o r ec ei v e app r ov al of t he e nv i r onm ent a l a ss es sm ent f or i t s V i st a pr o j ec t f r om t he Albe r t a g ov er nm ent i n m i d 2013 T he f i n al e nv i r onm ent a l i m pac t as se ss m ent w as subm i t t ed i n A p r i l 2012 The pr o j e ct i s l oca t ed app r ox i m at el y 4 km ea st o f t h e t o w n of H i n t on a nd 60 k m sout hw e st of t he t ow n o f E dson T he com pany pr opos es a t w o phas e de v el opm ent Ph as e 1 en t ai l s com m enc i ng pr oduc t i on at a l ev el o f 6 Mt y of bi t um i n ous g r ade t h er m al coa l a nd Phase 2 w o ul d i nc r ea se out pu t t o 12 M t y by 2019 I n 2012 C oal spu r com pl et e d a f e as i bi l i t y st udy of t he V i st a pr o j e ct t ha t i den t i f i ed a m ar k et ab l e r es e r v e of ov er 313 M t f r om a r ec ov er ab l e r es er v e of 5 66 Mt T h e c om pany f ur t he r de f i n ed i n a f ol l 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