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    coal-investing

    Prophecy Secures Coal Offtake Agreements for 2011

    Investing News Network
    Aug. 29, 2011 10:58AM PST
    Industrial Metals Investing

    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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