Prophecy Makes Landmark Shipment of Coal to Buryatia Province of Russia from Mongolia
2011年6月29日 - 9:30PM
Marketwired
Prophecy Coal Corp. ("Prophecy") (TSX VENTURE: PCY)(OTCQX:
PRPCF)(FRANKFURT: 1P2) (the "Company") announces today it has
exported a shipment of 650 tonnes of thermal coal, which is the
equivalent of ten wagons from the Company's Ulaan Ovoo mine in
Mongolia. The coal was loaded on to rail at Sukhbartaar rail
station and crossed the border into the Republic of Buryatia in
Russia via Naushki. The coal was sold to Energy LLC, a company
registered in the Buryatia Republic of Russian Federation, which
was then consumed in local Buryat power stations and boilers.
Mr. J. Batuyev, Minister of Buryat Government and Official
Representative of Buryat Government to Mongolia comments, "This is
a historic event, as this is the first ever shipment of Mongolian
coal to Buryatia, Russia, and we believe that Ulaan Ovoo coal will
become a significant source to feed the energy sector of this
region".
This export to the Republic of Buryatia was a valuable trade for
Prophecy as it helps the Company determine local sales logistics,
wagon loading times, export requirements and customs procedures to
ensure smooth operations for future coal export of larger
quantities.
To further facilitate trade between Mongolia's Selenge province
and Russia's Buryatia province, Prophecy is collaborating with a
number of government and private entities towards opening of the
Zeltura border post, which is 15 km from the Ulaan Ovoo mine. The
opening of Zeltura would enable Prophecy to sell Ulaan Ovoo coal at
mine gate to Russian industrial consumers and translate into
significant transportation savings for Prophecy.
Prophecy is preparing and ordering wagons for the next shipment
in July 2011, destined for the port of Sovetskaya Gavani, of which
the company has secured annual capacity of 300,000+ tonnes.
Prophecy's Ulaan Ovoo coal mine commenced production in 2011 and
has produced over 200,000 tonnes of coal of domestic and export
quality. The export quality coal registers (as-received basis) NCV
5,200 kcal/kg with 5% ash and 0.5% sulphur.
Please visit www.prophecycoal.com for detailed rail map.
This news release has been reviewed and approved by Christopher
M. Kravits, P.Geo who is a Qualified Person as defined in NI
43-101. Mr. Kravits has 34 years of US and international relevant
coal geology experience. He has been active in Mongolia since
2007.
About Prophecy Coal
Prophecy Coal Corp. (formerly Prophecy Resource Corp) is a
Mongolian coal company engaged in developing energy projects. The
company controls over 1.4 billion tonnes of surface minable thermal
coal resources on two coal properties in Mongolia. Prophecy's Ulaan
Ovoo thermal coal mine has been commissioned and its Chandgana mine
mouth power plant is currently being permitted. Prophecy also owns
equity stakes in Prophecy Platinum Corp., Victory Nickel Inc. and
Compliance Energy Corp. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. Further
information can be found at www.prophecycoal.com
ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Coal Corp.
John Lee, Chairman
Forward Looking Statements: This news release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, including, without limitation, statements regarding future
shipments of coal, expected transportation savings, future sales,
and future plans and objectives of the company are forward-looking
statements that involve various risks and uncertainties. Although
Prophecy believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Forward-looking statements are based on
a number of material factors and assumptions. Factors that could
cause actual results to differ materially from those in
forward-looking statements include unsuccessful exploration
results, changes in project parameters as plans continue to be
refined, results of future resource estimates, future coal prices,
availability of capital and financing on acceptable terms, general
economic, market or business conditions, risks associated with
operating in foreign jurisdictions, uninsured risks, regulatory
changes, defects in title, availability of personnel, materials and
equipment on a timely basis, accidents or equipment breakdowns,
delays in receiving government approvals, unanticipated
environmental impacts on operations and costs to remedy same, and
other exploration or other risks detailed herein and from time to
time in the filings made by the companies with securities
regulators. Mineral exploration and development of mines is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on Prophecy and the risks and challenges of
its business, investors should review filings that are available at
www.sedar.com.
This press release does not constitute an offer to sell or a
solicitation to buy any of the securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended ("the U.S.
Securities Act") or any state securities law and may not be offered
or sold in the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Prophecy Coal Corp. David Jan Chief Financial Officer
1-800- 358-5865 djan@prophecycoal.com www.prophecycoal.com
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