Reuters: Prophecy’s Mongolian power plant gets nod

Canada’s Prophecy Coal Corp said authorities in Mongolia licensed its unit to construct a 600 megawatt power plant, sending the company’s shares up 15 percent. Vancouver, British Columbia-based Prophecy said coal for the power plant, which will be located in Chandgana, will be supplied from one of the company’s coal properties based in the same area. To read the full article, click hereProphecy’s Mongolian power plant gets nod

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