October 16, 2010: Prophecy resources owns a 40-80 meters thick Bituminous coal seam at Ulaan Ovoo. The coal seam is estimated to be 208.8 million tonnes within the Ulaan Ovoo project area. The coal is suitable for the export market and has low ash (12.46%), low sulphur (0.40%) and 5,204 kcal/kg heat capacity . Over 2 million tonnes of overburden have already been removed to expose the massive coal seam at surface. Watch the video from the Ulaan Ovoo project site showing pre-stripping work.
The Mongolian government has already granted the project a fully transferable 30 year mining license that can be extended by an additional 40 years. The Ulaan Ovoo project has also met Mongolian environmental approvals as per the Mongolian Ministry of Nature and the Environment which approved a Detailed Environmental Impact Assessment (DEIA) and Environmental Protection Plan (EPP) specifically for Ulaan Ovoo.
Another clip of Prophecy Resource Corp’s Ulaan Ovoo thermal coal mine. The film was shot during the bulk sample operation for the pre-feasibility study.