Thank for Subscribing!WELCOME TO PROPHECY COAL
Prophecy Resource Corporation (TSX-V: PCY, OTC-QX: PRPCF, Frankfurt: 1P2) is an internationally diversified thermal coal production company that in November 2010 saw its first coal project, Ulaan Ovoo commissioned for production. The company controls over 1.4 billion tonnes of open-pittable thermal coal in Mongolia (839 Mt Measured, 579 Mt Indicated) between 2 distinct deposits with power plant plans for its second deposit (Chandgana's) well under way. Additionally Prophecy Resource Corp holds the Okeover Copper project and the Titan, Vanadium Iron ore & Titanium projects in Canada.
WHY INVEST IN MONGOLIA
Landlocked between China and Russia and with Japan, Taiwan and Korea within close proximity to Mongolia's borders. Prophecy's coal projects situated in the Northern and Central part of Mongolia have the company poised to capitalize on the largest thermal coal importing markets in the world. China which relies on coal to produce 80 per cent of its electricity, double the world's average, according to IEA, has emerged as the world's second-largest coal importer since becoming a net importer for the first time in 2009. Importing nearly 165 million tonnes of coal in 2010, an increase of approximately 8 percent on the back of booming demand and domestic transport constraints, China will soon take over from Japan as the world's largest importer of thermal coal.
COMPANY UPDATES
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April 12, 2011John Lee, Chairman and CEO of Prophecy Resource Corp., speaks of his company's plans and says its fortunes and Mongolia's are inextricably linked in an interviewed...
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November 16, 2010Alisher Ali, CEO of Eurasia Capital, recommends Prophecy Resources in the Mining Mongolia's Riches segment talking about Mongolia's mining boom... Watch »
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April 16, 2010Marin Katusa from Casey Research comparing Prophecy Resource to early stage of South Gobi Energy during the BNN's Commodity Focus show... Watch »