Prophecy Development Corp announces the approval, via Resolution No 16, of the Ministry of Roads and Transportation of Mongolia for the Road Feasibility study for construction of a 17km road to connect Prophecy’s Ulaan Ovoo coal mine to the Zeltura Russian border.

In September 2014, the Border Ports National Council of Mongolia approved, via Resolution No 01, the General Development Plan for the Zeltura border port in Selenge province, Mongolia.

The company intends to work with the Mongolian Customs General Administration for the establishment of a customs inspection and clearance area at its Ulaan Ovoo mine for possible future coal shipment to Russia through the Zeltura border.

Prophecy Development Corp is a Toronto Stock Exchange-listed Canadian company focusing on mining and energy projects in Mongolia, Bolivia and Canada.

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