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Prophecy Secures Rail Loading Facilities to Transport Over 1.5 Million Tonnes Per Year of Mongolian Coal to Russia & China
May. 25, 2010 12:12PM PST
Battery Metals Investing
Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PCYRF)(FRANKFURT:1P2) announced that it has signed an agreement securing the loading of and the capacity to transport 1.5 million tonnes of coal annually through Mongolia’s Sukhbaatar Railroad Station with the option to increase capacity based on availability.
Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PCYRF)(FRANKFURT:1P2) announced that it has signed an agreement securing the loading of and the capacity to transport 1.5 million tonnes of coal annually through Mongolia’s Sukhbaatar Railroad Station with the option to increase capacity based on availability.
The press release is quoted as saying:
The Company’s Ulaan Ovoo Coal Project, Mongolia is expected to be in production this year. Prophecy will hold properties with significant exposure to vanadium and titanium. All Prophecy’s coal assets are located in Mongolia with its remaining assets located in Canada.
Click here to access the entire press release