Prophecy Secures Coal Offtake Agreements for 2011

Industrial Metals

Prophecy Coal Corp. (CVE:PCY,OTC:PRPCF,FRA:1P2) announced it has signed 92,000 tonnes of coal sale agreements with Mongolia and Russia.

Prophecy Coal Corp. (TSXV:PCY,OTC:PRPCF,FRA:1P2) announced it has signed 92,000 tonnes of coal sale agreements with Mongolia and Russia.

The press release is quoted as saying:

The remaining four coal purchasers are two local Mongolian companies and two Mongolian government power plants, committing to buy a minimum of 70,000 tonnes to be delivered in 2011.

Click here to read the entire news release.

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