Monday, July 11, 2011

Iron Ore Mining News, TurkPower (OTCBB: TRKP), Positions to be a leader in the Booming Turkish Mining Industry

Point Roberts WA - July 11, 2011 ( Mining Newswire) -, a leader in sector research for investors including mining and resource stocks, issues a company profile for iron ore stock, TurkPower Corporation (OTCBB:TRKP). TurkPower is positioning to become a leading mining company in Turkey's booming mining industry.
The stock has moved up on the recent news of the purchase of 50.09% working interest in Maksor Madencilik Sanayi Ve Ticaret Anonim Sirketi (hereafter "Maksor"), the 100% private owner of the Kuluncak iron ore project in Turkey.
TurkPower's Chairman Ryan E. Hart stated: "This is a great day and milestone for TurkPower and its investors. With the purchase of controlling interest in the operational Kuluncak iron ore mine, TurkPower is taking its first step toward its goal of becoming a leading junior mining company in Turkey. The purchase adds a tangible and operational asset to the Company's balance sheet and leads to expected profitability in 2011. It also gives the Company leverage and credibility for future mining ventures and acquisitions in the booming mining industry of Turkey."
News : TurkPower Corporation (OTC.BB: TRKP) to Acquire Majority Interest in Operational Iron Ore Mine in Turkey
TurkPower Corporation (OTCBB:TRKP) is a Turkish-American junior mining company that is acquiring controlling ownership in an operational iron ore mine and several mining projects under development in Turkey. TurkPower's sole focus is on the booming Turkish mining industry, where it aims to become a leader in developing, operating and owning base metal mines by acquiring and consolidating operational mines with proven reserves, utilizing economies of scale to increase returns as well as developing new mining assets. TurkPower's board of directors, management team and employees have extensive experience and relations in the Turkish mining industry, as well as ongoing relations with the relevant government agencies, allowing TurkPower to participate in the major opportunities currently developing in Turkey.
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Disclosure: is compensated by TurkPower Corporation: (OTC.BB:TRKP) May 18 2011 (6 months- 3500 per month 150,000 144 shares)
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