Monday, December 03, 2012 2:45:21 PM
Pilot Plant.
Design work on the pilot plant is well underway under the terms of the EPC contract executed between Good Coal Pte, Ltd. (CCTI-Archean JV) and SAIC. Dimensioning of the equipment and its design to handle vastly different coal types are at a very advanced stage and, to date, tests have been very encouraging. The pilot plant project is on track to be completed during Q1 of 2013. Completion and successful commissioning of the pilot plant trigger cash inflows to CCTI totaling $2,375,000 and will provide the basis to begin the roll out of full-scale commercial plants.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8914310
Peace Holdm
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