Altius
This project is part of our
All-Canadian royalty portfolio

Genesee (thermal coal)
Prairie Royalties

Location
70km southwest of Edmonton, Alberta, Canada

Operator
Westmoreland Coal Company
www.westmoreland.com

Utility Company
Capital Power Corporation
www.capitalpower.com

Commodity
Electrical Coal "mine mouth" (tonnage based royalties with no commodity price exposure)

Asset Profile
LTM (as of January 31, 2016) Royalty Revenue $6.72 million
Annual production capacity 5.6 mt
Reserves 273.5 mt (as per Wesmoreland 10-K, December 31, 2014)
Estimated Mine Life 50 years

The Genesee Mine is located approximately 70km southwest of Edmonton, Alberta. The open pit mine, which has been in operation since 1989, has an annual production capacity of 5.6 mt. Its coal is delivered to the Genesee power station which is adjacent the mine. The power station is operated by CPC.

The Genesee power station is comprised of three power generating units with total capacity of 1,376 MW. Units 1 and 2 are owned and operated by CPC and unit 3 is jointly owned by TransAlta and CPC. Unit 1 began operating in 1994, unit 2 in 1989 and unit 3 in 2005. The units are expected to be decommissioned in 2039, 2044 and 2055 respectively.

CPC and TransAlta are two of the leading utilities in Canada.

Coal produced is suitable for direct delivery from the pits to a power plant, with no processing or preparation necessary. The coal has low sulphur content, usually less than 1%.

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