August 20 (Coal Geology): Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX VENTURE: PCY)(OTCQX: PRPCF)(FRANKFURT: 1P2) has nominated Mr. Paul Venter for appointment to its Board of Directors. Mr. Daniel Frederiksen has resigned as Director of the Company to pursue other interests.
Prophecy Resource Corporation is an internationally diversified company engaged in developing energy, nickel and platinum group metals projects. The company controls over 1.4 billion tons of open-pittable thermal coal in Mongolia (839 Mt Measured, 579 Mt Indicated). In Canada Prophecy owns Lynn Lake Nickel Project, a 10% equity stake in Victory Nickel and agreed to merge with Northern Platinum (TSX-V: NTH) on June 15, 2010. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Mr. Venter’s experiences in regional and international coal operations make him uniquely qualified to serve on Prophecy’s Board of Directors. He is an industry recognized and seasoned professional with over 30 years experience in the mining-, power generating-, and transport industry. In 2006 he extended his focus to expand the business of a major strategic player in the coal and power generating industry in Russia, China and Mongolia. Mr. Venter has been associated with Prophecy since it commenced its Mongolian operations and has contributed to its accelerated path to coal production and in initiating thermal power generating opportunities. Mr. Venter holds a MDP (Mining) and various commercial qualifications, he was accepted as a member of the IRT (SA) in 1983.
Related posts:
- Prophecy Resource Corp Appoints Key Management Personnel
- Prophecy (TSX VENTURE: PCY) Makes Strategic Investment in Compliance Energy Corporation
- Chandgana Tal Coal Deposit, Mongolia: Prophecy Obtains Full Mining License
- Ulaan Ovoo Bituminous Thermal Coal: 208.8 million tonnes owned by Prophecy
- Prophecy Receives Permit to Mine at Ulaan Ovoo in Mongolia
