Close 2017-03-01 C$ 4.40 Recent Sedar Documents View Original Document
Prophecy completes 16,000-tonne coal delivery
2017-03-02 13:59 ET - News Release
Mr. John Lee reports
PROPHECY TO GREET INVESTORS AT 2017 PDAC BOLIVIAN AND MONGOLIAN FORUMS IN TORONTO MARCH 5 TO 8
Prophecy Development Corp. is inviting shareholders and investors to the following presentations and receptions to be held at the Metro Toronto Convention Center.
Event: Mongolia: for stability, unlocking the potential
Time: Sunday, March 5, 2017, from 2 p.m. to 7:30 p.m.
Location: room 206D
This event is organized by Mongolia's Ministry of Mining and Heavy Industry, in partnership with Mongolian and foreign-invested exploration and mining companies, and will focus on Mongolia's investment climate and specific actions to strengthen it, Mongolia's untapped exploration potential, and exciting Mongolian discoveries, projects and investment opportunities.
Event: Bolivia is a country of great mining tradition.
Time: Tuesday, March 7, 2017, from 8 a.m. to 12 p.m.
Location: room 205D
This event is organized by the Ministry of Mining and Metallurgy of Bolivia, public companies and private companies.
Bolivia has important mineralogical reservoirs to be explored, transformed and industrialized with minerals like zinc, silver, lead, tin, gold, semi-precious and precious stones, as well as lithium and iron deposits ranking among the first in the world. It is a country making progress with a steady-growth economy, generating ample opportunities for investment, offering security and juridical stability. The Bolivian presentation will be attended by the Minister of Mining and Metallurgy, the highest authority of the mining and metallurgy sector, who will present a wide outlook of the economy and mining in Bolivia, investment opportunities in mining projects, and the current regulatory framework for foreign investors, accompanied by technical expositions of public institutions on the potential of the different mining projects in the country. Private companies will present their experience in the development of successful mining activities in Bolivia and its perspectives.
Event: Prophecy happy hour reception
Time: Tuesday, March 7, 2017, from 5 p.m. to 7 p.m.
Location: RSVP with the company for location
During the above session, you can meet one on one with Prophecy management and get real-time updates on Prophecy's projects in Bolivia (silver, zinc and lead), Mongolia (coal and power) and Canada (vanadium and titanium).
Further to the company's news release dated Dec. 28, 2016, Prophecy has successfully delivered on schedule a total of 16,000 tonnes of coal from the company's existing Ulaan Ovoo coal stockpiles in Mongolia to Erdenet Mining Corp. (10,000 tonnes) and Selenge Energo Heat Plant (6,000 tonnes). Coal sales and deliveries continue weekly to smaller regional heat plants and are expected to conclude at the end of March.
In addition, the company continues its preparations for mining at Pulacayo and Paca, with Q2 2017 as the target production start date. The work will include detailed mine plans, staffing, a concentrate offtake agreement, a toll-milling agreement, equipment leasing and project financing. A positive production decision would not be based on a feasibility study of mineral reserves
|