PROPHECY Development Corp continues to keep operations at its Ulaan Ovoo Thermal Coal Project in northern Mongolia on standby during the global coal downturn. Modest sales to local customers from existing stockpiles are continuing and Prophecy is expected to reassess its production decision during the current quarter. During the March quarter the mine shipped 760 tonnes of coal to local customers, realising sales revenue of US$24,090. This compared to sales of 26,400 tonnes during the same period in 2015 and sales revenue of $600,000. Prophecy intends to continue with the sale and loading of remaining stockpiled Ulaan Ovoo coal with the goal of completing this during the September quarter.
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