Prophecy Coal has appointed three new names to its management team, with a new country adviser, project manager and business development manager recruited in the positions.

Bailiikhuu Dambachultem has been appointed as the company’s country adviser. He has previously advised Prophecy on government relations and permitting matters regarding the Chandgana power plant project.

Bailiikhuu Dambachultem has almost three decades of privatization and deregulation policy experience in Mongolia. He is currently advising the State Property Committee of Mongolia on a range of issues including the development of a policy on the restructuring and privatization of state-owned enterprises (SOEs) in Mongolia, corporate governance, post-privatization restructuring of SOEs and the development of a regulation policy relating to Mongolia's infrastructure sector.

Damdinjav Davaajav is Prophecy’s new project manager for the Chandgana power plant. He has more than 20 years of electrical engineering, power distribution and generation experience in Mongolia.

Damdinjav Davaajav was deputy director of the energy department at Newcom Group, one of Mongolia’s leading business groups, where he was responsible for technical supervision, technical proposal development and project management of the Salkhit wind farm 50MW project and the Ulaanbaatar Combined Heat Plant-5 450 MW project. He has also worked as a consultant for World Bank and Asian Development Bank's energy projects in Mongolia.

Prophecy’s new business development manager is Bekzod Kasimov who has most previously worked at Eurasia Capital, a Ulaanbaatar-based investment bank, where he was responsible for advising on raising capital to international and local companies in Mongolia. He has served on the board of directors of several Mongolia-focused companies, and will oversee liaison with strategic investors, financial modelling and broad aspects of the due diligence process.

Prophecy’s chief executive officer John Lee says he is excited by the new additions to the management team.

www.prophecycoal.com

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