Prophecy Coal clinches coal off-take deals, to restart Russia exports: "TORONTO (miningweekly.com) – Mongolia-focused coal miner Prophecy Coal has inked two binding sale-and-export contracts for 30 000 t of coal from its Ulaan Ovoo mine to a buyer in Russia.
The Vancouver-based company said on Monday that the buyer was a substantial coal trader with a yearly volume turnover of more than two-million tonnes in Russia’s Buryatia region. The Buryatia region, which consumes about six-million tonnes of thermal coal a year, was facing a coal shortage owing to declining coal production as a result of aging local mines."
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