TurkPower Acquires Part of Toguchina Coal Field

TurkPower Corporation (OTCBB:TRKP) announced that its subsidiary company has acquired a mining lease on the Zavyalov Square Part 1 of the Russia-based Toguchina coal field.

As quoted in the press release:

Zavyalov is an open pit mine with over 100M metric tons of forecasted extractable quantity of high-grade hard coking coal. Coal at Zavyalov is typically humic with relative low moisture (max 6%), volatile matters (avg. 20%) and GCV of 7990 – 8680 Kcal/kg. The grades of coal are K, KO, KC, GZh, which are fit for processing into metallurgical coking coal and which trades at a high premium to “regular” coal such as thermal coal.

Click here for the TurkPower Corporation (OTCBB:TRKP) press release.