(EnergyAsia, March 9 2011, Wednesday) — Canadian mining firm Prophecy Resource Corp has announced several senior appointments.

Paul F. Venter, a director since last August, is Vice President for Energy Operations with responsibility for Mongolia mining and power operations.

With over 30 years experience with BHP and Eskom in the mining, power generating, and transport industry, he has also been involved in expanding the business of a major unidentified company in the coal and power generating industry in Russia, China and Mongolia.

Vancouver, British Columbia-based Prophecy said Mr Venter contributed significantly towards the commissioning of its Ulaan Ovoo mine in November and is now focusing on power generating opportunities in addition to the Ulaan Ovoo operations.

Christiaan H.B. Van Eeden is Vice President for Mining Operations in Ulaan Bator with responsibility for mining operations in Mongolia, and implementation of coal-to-liquids technology.

Mr Van Eeden has 34 years of experience in coal mining including senior management positions overseeing engineering, mining and commercial functions of coal mines. His experience also includes the management of the mining and supply of up to 100 million tons of coal per year to South Africa’s power utility, Eskom.

Before joining Prophecy, he was contracted by a large South African coal-to-liquids company to undertake mining and commercial evaluations for the feasibility studies of three large coal operations in China including negotiating coal supply agreements, as well as the analysis and evaluation of the business plans of five large coal mines in South Africa.
Enkbaatar Ochirbal is Vice President and Country Manager for Mongolia. Based in Ulaan Bator, he will liaise with government on statutory and regulatory matters for mining and energy operations.

Mr Ochirbal, a Mongolian national, was previously a senior manager with MineInfo LLC, a leading Mongolian leading minerals and consulting company before joining Prophecy in 2005. Before entering the mining sector, he spent over 16 years in various managerial positions in Mongolia’s financial and banking sectors.

Irina Plavutska, the interim CFO based in Vancouver and Ulaan Bator, is a professional accountant with over 20 years of diverse international experiences in financial reporting, auditing, and accounting. A member of Certified General Accountants Association of British Columbia in Canada, Ms Plavutska earned a Masters Degree in Economics from the University of Business and Economics in Ukraine, and has held senior accounting positions in Canadian international and professional service companies in previous years. She replaced Derek Liu, who has resigned as Prophecy CFO to pursue other opportunities.

Joseph W. Li, general manager and Corporate Secretary based in Vancouver, is a Certified General Accountant (B.C.) and has an Honours Bachelor of Commerce (Laurentian University). For the past 13 years, he was a senior auditor with the B.C. Ministry of Finance, a position.

Mr Li’s appointment strengthens Prophecy’s corporate governance. He has been granted 100,000 options at C$1.07 per share with a two-year vesting schedule for a period of five years, subject to regulatory approval. (US$1=C$0.98).

John Lee, Prophecy’s chairman, said: “Prophecy is now endowed not only with world class assets but world class management. I expect additional management announcement in the near term.”