November 8, 2012

Prophecy Coal May Stop Mining in Mongolia on Weak Prices | Fox Business

Prophecy Coal May Stop Mining in Mongolia on Weak Prices | Fox Business: ""We're subsidizing the coal supply to the Mongolian government at a break-even price at best," Mr. Lee said, estimating Prophecy's production cost around $30 a ton at Ulaan Ovoo against sale prices as low as $20 a ton to Mongolian power plants."

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