Palm Beach, FL 2/9/12 (StreetBeat) -- TurkPower Corporation (OTC.BB: TRKP) (the "Company") announced today that title transfer of 180,000mt of high-grade coking coal into its wholly owned subsidiary Sibcoal Commodities Trading Corporation was perfected. The Company hopes to sell this entire inventory of 180,000mt of coking coal at FOB spot price within Q1 of 2012.TurkPower's Chairman Ryan E. Hart commented: "The Company is also in the process of completing title transfer of the recently acquired Zavyalov coal field with over 100 million tonnes of forecasted extractable quantity of coal and is confident to announce the transfer of title shortly."
About Zavyalov
The Zavyalov Square of the Toguchino Coal Field ("Zavyalov") located in the Toguchino District of Novosibirsk Region, Russia. Zavyalov decrees over 100M tonnes of forecasted extractable quantity of high-grade hard coking coal. Coal at Zavyalov is typically humic with relative low moisture (max 6%), volatile matters (avg. 20%) and GCV of 7990 - 8680 Kcal/kg. The grades of coal are fit for processing into metallurgical coking coal, which is in perpetual short supply and which trades at a high premium to "regular" coal.
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