Source: www.prophecyresource.com    Date: May 27, 2010

Prophecy Resource Corp. has signed an agreement securing the right to load and the capacity to transport by rail 1.5 million tons of coal annually from its Ulaan Ovoo coal project, with the option to increase capacity based on availability. 

On May 21, Prophecy contracted Leighton Asia Ltd. to produce 250,000 tons of coal at Ulaan Ovoo in 2010, raising the volume to 2 million tons 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 railway station, thus rounding up the entire transportation logistics to Chinese and Russian markets.