Prophecy Coal Corp
www.prophecyresource.com/Profil
Prophecy Coal Corp ist ein internationales Unternehmen. Es beschäftigt sich mit der Entwicklung der Energie, Nickel und Platin Projekte. Das Unternehmen kontrolliert mehr als 1Mrd Tonnen von Tagebau - thermalischen Kohle in der Mongolei. In Kanada, besitzt Prophecy das 'Lynn Lake' Nickelprojekt - eine 10% Beteiligung mit Victory Nickel. Am 15. Juni 2010 hat die Firma akzeptiert, um mit Northern Platinum (TSX-V: NTH) zu fusionieren.
Aktienkurs
gründliche Analyse
- 16/09/2011 Prophecy Coal: Ministerium befürwortet Chandgana Kraftwerk in Mongolei
- 30/08/2011 Prophecy Coal schliesst Verkaufsabkommen für 92.000 Tonnen Ulaan Ovoo Kohle ab
- 30/06/2011 Prophecy Coal exportiert 650 Tonnen Ulaan Ovoo Kohle nach Buryatien in Russland
- 24/06/2011 Prophecy Coal macht gute Fortschritte mit mongolischen Kohleprojekten
- 15/06/2011 Prophecy Coal sichert Zugang zu Russischem Fernost-Hafen
Aktuelle Nachrichten von Prophecy Coal Corp
- 15/06/2011 Prophecy Coal vollzieht Abspaltung der Nickelprojekte
- 26/04/2011 Prophecy Resource beantragt den Bau eines 600MW Kraftwerks in Mongolei
- 04/04/2011 Prophecy Resource Corp beruft Jivko Savov
- 22/02/2011 Prophecy Resource: Mehr als 95% Nickel Gewinnungsraten von Lynn Lake
- 09/02/2011 Prophecy Resource Corp: Bergbau-Lizenz für 'Chandgana Tal' in der Mongolei
Vorstellungen
Keine Unterlagen verfügbar.
Verbundene Recherche
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Unternehmensstrategie und – daten:
Prophecy Resource Corp. (TSX-V: PCY, OTC: PRPCF, Frankfurt: 1P2 ) controls over NI-43-101 compliant Measured and Indicated mineral resources of 263 million pounds of nickel, 1.42 billion tonnes of coal and 116 million pounds of copper as well as inferred resources of 82 millions pounds of nickel, and 593 million pounds of copper. (
click here for resource page
).
The Company's Ulaan Ovoo Coal Project, Mongolia is expected to be in production this year. Prophecy also holds properties with significant exposure to vanadium and titanium. All of Prophecy's coal assets are located in Mongolia with its remaining assets located in Canada. The Company is currently reviewing additional opportunities for significant growth.
Aktuelle Tätigkeiten:
Ulaan Ovoo Coal Project
Highlights
* 208.8 million tonnes of Measured & Indicated coal resource (NI 43-101)
* Bituminous (5,204 kcal/kg), low ash (12.46%), low sulphur (0.40%) thermal coal suitable for export
* 20+ year mine life supported at over 6 million tonnes per year
* Single massive coal seam 45-80 m thick with an average strip ratio of 2:1
* First 8 years requires no washing
* Transferable 30-year mining license with a 40-year extension option
* Environmental approval and mining licenses granted by the Mongolian government
* A Mongolian Technical and Economic Study by AMC Consulting is being submitted to the Mongolian government
* Over 33,000 hectares of exploration licenses in surrounding sedimentary basins with potential for additional resources
* Secured railway loading capacity for 1.5 million tonnes of coal annually through Mongolia's Sukhbaatar Railroad station
* Contracted Leighton Asia Ltd. to produce 250,000 tonnes of coal in 2010 with further plans to mine 2 million tonnes of coal in 2011
Next Steps
* To sign off-take agreements with internationally recognized partners
* To commission Ulaan Ovoo and start production by end of 2010
Recent Milestones
* On May 25 ,2010, Prophecy 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 (Trans-Mongolian Railway) with the option to increase capacity based on availability.
* On May 11, 2010, Prophecy contracted Leighton Asia Ltd., ("Leighton") a wholly owned subsidiary of the Leighton Group, Australia, the world's largest contract miner to produce 250,000 tonnes of coal at Ulaan Ovoo in 2010, with further plans to mine 2 million tonnes of coal in 2011. Having established the mine plan and secured rail transport, Prophecy is finalizing a truck leasing agreement to provide hauling of coal from mine site to Sukhbaatar, thus rounding up the entire transportation logistics to Chinese and Russian markets.
For more information
CLICK HERE
Chandgana Tal and Chandgana Khavtgai Coal Project
Highlights
* Only 9 km apart, both projects are part of same coal deposit
* 1,211.3 million tonnes of Measured & Indicated coal resource (NI 43-101)
* Consists of a shallow, 37.7-45.4+ metre thick coal seam with good outcrop access on the license area
* Coal is well suited to 4,200MW mine power plant
* Strip ratio over entire resource is 1.9:1
* Low ash (12.49%), very low sulfur (0.68%) and with a Calorific value of 4,354 kcal/kg thermal coal"
* Proximity to infrastructure, next to planned two 220 kV lines connecting to the main Mongolian grid
* Chandgana is within 160km from rail, 45 km North of the proposed railway, 16 km from paved highway, and 150 km from 2x220kv power line
Next Steps
* Conducting of drilling program to potentially convert Inferred resource to Measured & Indicated in 2010
* Commissioning of a 4,200 MW thermal power plant, which is the largest single coal fire power plant in the world
Recent Milestones
* On June 21 ,2010, Prophecy reports the successful completion of its spring exploration program on its 100% owned Chandgana-Khavtgai license in Khentii aimag (province), Mongolia. The work program consisted of 12 drill holes for a total of 2,205 metres including 903 metres of core drilling, and five lines of seismic geophysical survey for a total of 7.4 line km. Updated NI 43-101 resource report is expected by August.
For more information
CLICK HERE
Lynn Lake Nickel Project
In October 2009, Prophecy entered into an agreement to acquire The Lynn Lake Nickel Project from Victory Nickel Inc. (TSX: NI). Click here for the news release of October 21, 2009 outlining the transaction.
Highlights
* A deposit in Manitoba, Canada, which is mining friendly and also adjacent to a power line, rail line, and airport
* Measured and indicated mineral resources of 22.9 million tons of grading, of 0.57% nickel and 0.30% copper (Wardrop Technical Report Jan, 2010)
* Approximately 50% of the host rock remains unexplored
* An exciting 2008 Disco Zone discovery, which includes intercepts of 47 meters of 0.7% nickel, located 1.5km away from the outlined resource
Next Steps
* To commission an environmental baseline study and the preparation of an Environment Act License proposal to initiate the project licensing process
* To conduct comprehensive bench-scale bio-leach testing for actual production scenarios
* To perform downhole IP surveys and expand drilling in the Disco Zone discovery
* To aggressively seek major partners in developing the Lynn Lake Nickel project utilizing Bioleach technology
Recent Milestones
* On July 7 ,2010, Prophecy has received the first results of a property-wide surface induced polarization ("IP") survey conducted during the late-spring of 2010. To date, results have been modeled for the area coinciding with the Disco deposit that was discovered during 2008. Results indicate a strong chargeability anomaly centred 200 meters below the existing Disco deposit, for a total strike length of approximately 150 meters. This anomaly appears to increase in intensity with depth, beyond 610 meters from surface
For more information
CLICK HERE
Okeover Copper/Molybdenum Project
The Okeover Property (copper-molybdenum) consists of eleven contiguous legacy and cell mineral claims located in the Vancouver Mining Division of southwestern British Columbia, 25 kilometres north of Powell River and 145 kilometres northwest of Vancouver. Collectively, the claims cover an area of approximately 3,950 hectares between latitudes 49o59.5' and 50o04.6' North and longitudes 124o37.0' and 124o41.2'
All claims are registered in the name of Eastfield and are subject to a March 4, 2003 option agreement with Robert Edward Mickle of Likely, B.C. whereby Eastfield has the right to earn a 100% interest in the property subject to a 2.5% net smelter royalty interest. This royalty interest may be purchased from the vendor for $2 million on commencement of commercial production. Cash payments to the vendor totaling $88,000 over a five year period are due at six month intervals in addition to the annual issuance of Eastfield securities amounting to 125,000 shares over the term of the agreement. The payments totaling $88,000 are payable by Prophecy pursuant to the terms of the agreement between Prophecy and Eastfield.
Goldrush, from whom the Company gained the right to earn an interest in the Okeover property via an assignment, entered into an agreement with Eastfield on March 8, 2004. Goldrush maintained the option in good standing through to March, 2006 at which time Goldrush assigned its interest in the option agreement to the Company in exchange for 100,000 shares of the Company and a $10,000 cash payment. At the same time the Company concluded a new agreement with Eastfield which provides the Company with the option to earn a 60% interest in the Okeover Property by making cash payments and/or stock issuances amounting to $110,000 to Eastfield over the next four years, plus incurring exploration expenditures totalling $1 million over the same period. Upon the Company earning its 60% interest in the Okeover property, the Company and Eastfield will form a joint venture for the further exploration and development of the Okeover property with Eastfield becoming the operator. To date, the Company has spent approximately $612,000 on exploration of the Okeover property and earned its 60% interest in the Okeover property.
For more information
CLICK HERE
Titan Vanadium-Titanium-Iron Project
In January 2010, Prophecy entered into an option agreement to acquire 80% interest of the Titan Vanadium-Titanium-Iron Project from Randsburg International Gold Corp (TSX.V: RGZ). Click here for the news release of January 14, 2010 outlining the transaction.
Highlights
* A deposit in Ontario, Canada, between Angus and Flett Townships, with access to excellent infrastructure
* 142 meters of 0.27% Vanadium (0.48% Vanadium Pentoxide) from hole RA-5-21 and 174 meters of 0.26% Vanadium (0.46% Vanadium Pentoxide) from hole RA-5-10. The mineralization started from surface to an open vertical depth of 500 meters. The complete horizontal and vertical extent of the deposit is still to be determined.
* Aeromagnetic anomaly that is approximately 1,200 by 800 meters in area
Next Steps
* Surveying of drill holes and project area to obtain more accurate drill hole coordinates and site topography
* To commission the metallurgy testing in preparation to a preliminary assessment of the Titan Project
Recent Milestones
* On June 28 ,2010, Prophecy has commenced an exploration program on its Titan Vanadium/Iron Project. The program comprises 22 line kilometres of linecutting covering over 2.7 square km in 100 m intervals that will extend the current surveyed grid west and southwest of the Titan Ti-V-Fe deposit. A ground magnetometer survey will be conducted over this extension.
For more information
CLICK HERE
NI 43-101 Resource
Prophecy Interest:
100% Ulaan Ovoo of 209 million tonnes of coal for M&I and 36 million tonnes for Inferred
100% Chandgana of 1,211.3 million tonnes of coal for M&I
60% Okeover of 87 million tones of Inferred at 0.31% CU & 0.014% MoS
100% Lynn Lake of 22.9 million tons of M&I at 0.57% NI & 0.30% Cu, and 8.1 million tons of Inferred at 0.51% Ni & 0.28% Cu
80% Titan of 49 million tonnes of Inferred at 48% Fe2, 14.8% TiO, and 0.24% V
Management
John Lee
Position: CEO and Co-Chairman
John Lee has been a mining analyst and accredited investor in the resource space since 2001. He is a speaker at major resource conferences, including Mines and Money, China Mining, Terrapinn, and Cambridge House. Mr. Lee is a CFA charter holder and has degrees in economics and engineering from Rice University.
Arnold Armstrong
Position: Co-Chairman
Mr. Armstrong is an accomplished Canadian businessman and the former Chairman of and CEO of SKN Resources (now Silvercorp Metals Inc. SVM- NYSE). He is the founder and remains a partner in Armstrong Simpson, a successful Canadian law firm. Mr. Armstrong has extensive experiences in areas of corporate finance, mergers and acquisitions and has a long history of success in the mining industry.
Mark Lotz
Position:Chief Financial Officer
Mr. Mark Lotz is a Chartered Accountant with the Institute of Chartered Accountants of B.C. He is an experienced business leader in the Canadian financial sector, most recently he acted as both President and CEO of Gateway Securities Inc.
Mr. Lotz has sixteen years experience in senior finance and administration positions in addition to public accounting experience beginning with Coopers & Lybrand (now Pricewaterhouse Coopers). He served as Chief Financial Officer with Golden Capital Securities and as an examiner for the Vancouver Stock Exchange. His experiences with publicly traded corporations include positions with Tan Range Exploration Ltd. (now Tanzanian Royalty Exploration Corporation), Platinum Group Metals Ltd., and Derek Oil and Gas Ltd.
Cliff Starke
Position: VP of Marketing
Mr. Cliff Starke has an extensive background in sales and marketing that includes positions with both Blackmont Capital Inc. (now Macquarie Private Wealth) and Dundee Wealth Inc. of Toronto. Since 2007 Mr. Starke has brokered significant financings for a number of both public and private mining and energy companies some of which he Mr. Starke retains personal investments in.
Mel Klohn
Position: P.Geo Director
Mr. Klohn's Work experience includes 10 years as Project Manager and Exploration Vice President for Yamana Gold Inc. and 25 years for Exxon. At Exxon,he worked worked in a variety of positions including Senior Research Specialist, Senior Staff Geologist and Senior Exploration Geologist, with exploration activities directed toward a variety of commodities including coal, petroleum, uranium, gold and polymetallic minerals, and he was responsible for that company's last successful coal exploration venture prior to the divestiture of its coal interests beginning in the late-1980s.
Stuart W. Rogers
Position: Director
Stuart W. Rogers has been involved in the public venture capital markets since 1987, and has served as a director of client companies listed on the TSX Venture Exchange, the Toronto Stock Exchange, NASDAQ Small Cap and NASD OTC Bulletin Board. Currently, Mr. Rogers serves as the President of MAX Resource Corp. , which is listed on the TSX Venture Exchange, OTC BB and Frankfurt Exchange
Dan Frederiksen
Position: Director
Daniel Frederiksen, 41, holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Accountant with the ICABC, a Certified Public Accountant through the University of Illinois and a Chartered Financial Analyst with CFAI. Mr. Frederiksen has 17 years experience in public accounting and controllership, and has served as a board member and chief financial officer for several Canadian companies, both private and public, including International Enexco Ltd., a company listed on the TSX Venture Exchange, of which Mr. Frederiksen is Chief Financial Officer and a Director. Mr. Frederiksen has been the financial controller with Armada Investments Ltd. since 1999.
Greg Hall
Position: Director
Mr. Hall is an independent business advisor to the mining industry. For over 30 years, Mr. Hall has focused on significant international exploration, development, and mining ventures, and all aspects of their structuring and finance. He is a director of Silvercorp Metals Inc (NYSE: SVM, TSX: SVM), China's largest primary silver producer and the lowest cost silver producer among its industry peers. His previous positions include: Director at Haywood Securities Inc.; Vice-President, Canaccord Capital Corporation; and Senior Vice-President of Leede Financial Markets Inc. He is a graduate of the Rotman School of Management, University of Toronto, SME Enterprise Board Program, and a Member of the Institute of Corporate Directors.
Paul McKenzie
Position: Director
Mr. McKenzie has over 20 years experience working in international equities markets. His experiences include acquiring, selling, financing and developing multiple international mineral and energy projects in North America, South America and Asia. In his career he has acted as Director, Vice President and President of several resource companies. Mr. McKenzie also previously worked as a licensed equity trader at Brink Hudson Lefever in Vancouver, British Columbia.
Rob McEwen
Position: Advisor
Mr. McEwen is a leading Canadian mining industry entrepreneur. He is the Chairman and CEO of US Gold Corp (NYSE.A UXG, TSX UXG) and Minera Andes Inc. (TSX: MAI). Mr. McEwen was the founder and former Chairman and CEO of Goldcorp Inc., where it's Red Lake Mine in northwestern Ontario, Canada is still considered to be the richest gold mine in the world. During his tenure at Goldcorp, Mr. McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from US $50 million to approximately $8 billion. More importantly, the shares of the company produced a compounded annual growth rate of 32%. Mr. McEwen is a recipient of the Order of Canada, Canada's highest civilian honor and a philanthropist concentrating his efforts at the McEwen Center for Regenerative Medicine, a leading centre for stem cell biology and regenerative medicine.
Harald Batista
Position: Advisor
Mr. Batista is an accomplished entrepreneur with over 2 decades of sales and marketing experience. He holds an MBA degree from Santa Clara University in California and is a member of the prominent Batista family in Brazil that includes Eliezer Batista, the founder of Vale do Rio Doce Company (now Vale Inco) and Eike Batista, the founder of EBX Group. EBX Group focuses on investment opportunities in infrastructure and natural resources, sectors in which Brazil presents important competitive differentials. These investments are focused on MMX (mining), MPX (energy), LLX (logistics), OGX (oil and gas) and OSX (oil services). MMX, OGX, MPX and LLX are listed on Brazil's Novo Mercado - at the Sao Paulo Stock Exchange (BOVESPA). The combined market capitalization of EBX Group companies exceeds US $150 billion.
Dr. George Gale
Position: Advisor
Dr. George Gale has been a mineral deposit geologist for more than 40 years. Currently a director of VMS Ventures Inc. (TSX-V: VMS), he led the exploration activities that resulted in their discovery of the high-grade Manitoba Reed Lake VMS deposit in 2007.
Dr. Gale was the head of the Mineral Deposits Section of the Manitoba Geological Survey from 1977 to 1999. He will advise Prophecy's exploration activities based on his extensive geological expertise in Manitoba.
Dr. John M. Morganti P.Geo
Position: Advisor
John Morganti is President of Morganti Advisers Inc., a company that specializes in advising mining and exploration companies on strategy, evaluation, investor relations and exploration issues that are critical to rational corporate growth. Dr. Morganti currently advises a number of exploration, development and mining companies.
Over the past 35 years Dr. Morganti has held senior positions Teck, Placer Dome and Silver King Mines, as well as David Lowell Consultants and other consulting firms. Dr. Morganti worked in both exploration management and corporate development with Teck in addition to previously being Vice President, Gold and Vice President, Evaluations with Teck. At Placer he was Exploration Manager, Canada and subsequently Vice-President International Exploration. Additionally he worked in Placer's Engineering Department on evaluations, feasibilities and construction. Dr. Morganti has been a Director of several mining companies operating in numerous jurisdictions including Canada, Australia, Peru, Spain, Russia and U.S.
Hauptaktionäre
Prophecy Resource Corp.'s common stock trades on the TSX Venture Exchange and the Frankfurt Stock Exchange.
Last updated
: June 14, 2010
Symbol
:
TSX-V: PCY
OTC: PRPCF
Frankfurt Stock Exchange: 1P2
Shares Outstanding
: 106,935,977
Options
: 9,219,900
Warrants
: 27,781,843
Fully Diluted
: 143,937,720
CUSIP Number
: 74345B
Kontakt
Head Office
2060-777 Hornby Street (20th floor)
Vancouver, BC
Canada V6Z 1T7
Tel
: +1.604.642.2625
Fax
: +1.604.642.2629
Email
: [email protected]
To Reach
:
Scott Parsons
+1.604.642.2625 ext. 106 for Coal inquiries
Paul McKenzie
+1.604.642.2625 ext. 107 for Nickel, Copper, and Vanadium inquiries
John Lee Co-Chairman & CEO
+1.800.851.1528 for specific questions
Administrative
+1.604.642.2625 ext. 109
Mongolia Office
RedHill Mongolia LLC [Ulaan Ovoo] (also Chandgana Coal LLC [Chandgana Tal/Khavtgai]
Suite 203, 15A-5, Ambassador Office
Peace Avenue, Sukhbaatar District
Ulaanbaatar, Mongolia
Tel
: +976.11.331669
Fax
: +976.11.312721
Email
: [email protected]
Unternehmensinformationen
Legal Counsel
Armstrong Simpson
Auditors
Dale Matheson Carr-Hilton LaBonte LLP
Transfer Agent
Computershare Limited
3rd Floor, 510 Burrard Street
Vancouver, BC
Canada V6C 3B9
Tel
: +1-604-661-9400
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