Prophecy Coal reports results of PEA for Mongolian coal project: "TORONTO (miningweekly.com) – TSX-listed Prophecy Coal on Friday said a preliminary economic assessment (PEA) for its two Chandgana Tal mining licences in central Mongolia contain an estimated 124-million tons of coal in the measured resource category, providing for a potentially economically viable project.
The PEA examined the economics of coal production from the mining licences and excluded the Chandgana Khavtgai exploration licence. Prophecy's wholly owned subsidiary Chandgana Coal intended to mine the coal and supply it to the proposed 600 MW Chandgana mine-mouth power plant, which is planned to be operated by Prophecy subsidiary Prophecy Power Generation."
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