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Prophecy Resource Corp. announced that Mr. Chuluunbaatar, President and Chairman of the Monnis Group of Companies, Mongolia has been appointed to Prophecy's Board of Directors.
Monnis, headquartered in Ulaanbaatar, Mongolia, is one of Mongolia's largest industrial holding companies. With over 1,000 employees and 12 subsidiaries, Monnis has, under Mr. Chuluunbaatar’s leadership, become a national leader in insurance, construction, logistics, technology, real-estate, geological services, mining support services, energy, automobile and automotive parts distribution, international freight forwarding, foreign trade, air services, communications, and corporate finance advisory services. By practicing good corporate governance and social responsibility, Monnis has become one of Mongolia’s most respected and revered business entities. Mr. John Lee, CFA, Chairman of Prophecy commented today that: “Prophecy and Monnis have already forged strong partnerships and are both committed to advance Ulaan Ovoo coal mining and Chandgana power plant projects to better the country of Mongolia. I am pleased to appoint Mr. Chulunnbaatar to the Board of Directors and welcome his greater involvement in Prophecy." |
