David Chan: "Plant Will Transform Coal to Liquid" https://ja-jp.facebook.com/notes/global-alliance-partners-gap/company-presentations-at-eurasia-capitals-2nd-mongolia-investment-forum/214434568586956Prophecy Resources, by Mr. David Jan, CFO Prophecy acquired new resource estimate of more than 1.2Bt of coal for Chandgana project which is open pit mineable. The huge resource means there are abundant fuel for power plant for decades. Moreover Chandgana power plant project is currently the largest of its kind undergoing licence application with the Mongolian Government. Prophecy plans to use clean coal mine melt supply integration concept. Chandgana project is strategically located between Ulaanbaatar and Beijing capable of supplying low cost stable electricity to Mongolia and further on to Beijing. According to the presentation, buying electricity from Mongolia saves China carbon credits and creates value added products made in Mongolia. Initial capacity of Chandgana power plant is 600MW and it is expected to be expanded to over 4,200MW and beyond making Chandgana power plant the largest in Mongolia and major energy source to China. Chandgana will be located 60km far from Mongolia's existing power grid and can be quickly integrated to the Mongolian system and replaced costly Russian power imports. The project is align with the Mongolian energy plan and has low execution risk, according to the presentation. Modern 800KV DC lines will pass through the Mongolian land and connects Chandgana power plant with Beijing. China Consumed 1.09 trillion KWH of power in the first quarter of 1Q2011. The construction of Chandgana Power plant is planned to be started in the 1Q2013. In addition to electricity, power plant will transform coal to liquid. South Korea will build US$3bn railway which will pass Chandgana and link it to both China and Russia. According to the presentation, international banks are interested in providing money for the power plant. Monnis has invested in Prophecy supporting its operations in Mongolia. Prophecy is looking for Asian listing to capture further gains.