Prophecy Coal (TSX: PCY, OTC-QX: PRPCF, Frankfurt: 1P2) is an internationally diversified thermal coal production company that controls over 1.4 billion tonnes* of open-pittable thermal coal in Mongolia (839 Mt measured, 579 Mt indicated) between 2 distinct deposits. In November 2011, the Mongolian government issued Prophecy an official permit to construct a 600MW power plant at the site of its Chandgana deposit and released a feasibility study in January 2012. The company’s second project at Ulaan Ovoo, was commissioned for production in November 2010. Prophecy Coal holds 22.5 million shares of Prophecy Platinum (TSX.V: NKL) along with the Okeover Property (copper-molybdenum) and the Titan Vanadium-Titanium-Iron projects in Canada.
Company Website: www.prophecycoal.com