Prophecy Resource corporation

Tuesday, February 22, 2011 Leave a Comment

Prophecy Resource corporation (TSX-V: PCY, OTC-QX: PRPCF, Frankfort: 1P2 ) is an internationally distributed Thermal coal product company that's likewise absorbed in arising nickel and platinum group metals designs. Palladium and Rhodium design in Yukon, Lynn Lake Nickel sulfide design in Manitoba, and a 10 percent fairness stakes in triumph Nickel. Mineral resources that are not mineral allows don't have established economical viability. On November 9 Prophecy accepted its mine countenance from the Mongol Ministry of Mineral Resources and Department of Energy. With Leighton technology abbreviated since July 2010 the Mine internet site is today full accredited for product. Ulaan Ovoo presently provides coal to local Mongol powerhouses and the company is actively talking terms off accept agreements with Russian powerhouses as well as future Asian buyers at the Russian east harbor.

The totality Mineral allow approximate is 20.7 M established t (Mt) of production (Low Ash) Coal mine is in a Prefeasibility analyze through Wardrop Engineering brought out on December 16, 2010. Mineral allow approximate conceives just the first phase of the externalize development of the Mineral resources restrained in the Ulaan Ovoo project. Chance may survive for denotation of another low ash reservations to the south with a blew up pit and a higher through put range.


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