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Prophecy Completes Transportation Study on Its Ulaan Ovoo Coal Project and Tenders for Trucking Contracts From Mine Site to Railroad Offload
Jun. 04, 2010 11:55AM PST
Industrial Metals InvestingProphecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PRPCF)(FRANKFURT:1P2) reported that the company has received an independent transportation Study for trucking of coal from its proposed Ulaan Ovoo mining operations to Mongolia’s Sukhbaatar Railroad Station (Trans-Mongolian Railway) to fulfill secured capacity to transport a minimum of 1.5 million tonnes of coal annually to Russia and/or China.
Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PRPCF)(FRANKFURT:1P2) reported that the company has received an independent transportation Study for trucking of coal from its proposed Ulaan Ovoo mining operations to Mongolia’s Sukhbaatar Railroad Station (Trans-Mongolian Railway) to fulfill secured capacity to transport a minimum of 1.5 million tonnes of coal annually to Russia and/or China.
The news is quoted saying:
Prophecy Resource Corp is a near term coal producer with 1 billion tonnes of Measured and Indicated open-pittable thermal coal resources in Mongolia.
Click here to access the entire press release