May 18, 2013

Prophecy Coal shares surge on 25-year power tariff agreement with Mongolian government - Proactiveinvestors (NA)

Prophecy Coal shares surge on 25-year power tariff agreement with Mongolian government - Proactiveinvestors (NA): "The major terms of the agreement include an initial tariff for the first year of the power plant operation, and a weighted average tariff for the remaining 24 years under the deal.
The company told investors Friday that the numbers are in line with its final proposal submission to the Mongolian Ministry of Energy in February of this year. "

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