James Peter Morrow, 1947 – 2016

James Peter ("Pete") Morrow was an international banker who arrived in Ulaanbaatar in 2000 on a temporary assignment to privatize a failing state-owned bank, and ended up staying for the rest of his life, making Mongolia his home, where he became a transformative leader in financial services, regulatory reform, civil society, transparency, education, and the arts. Pete died peacefully at the age of 68 on August 4 in a Seattle hospital, surrounded by his wife and children. Pete is survived [...]

August 8th, 2016|

President Elbegdorj to visit Philadelphia, September 23, speak at UPENN; other opportunities for public participation include luncheon and concert

President Ts. Elbegdorj will visit Philadelphia on Friday, September 23, after participating in the annual meeting of the UN General Assembly and related events in New York City. His visit is at the invitation of the Mayor and City Council of Philadelphia, home of Independence Hall where the Declaration of Independence and U.S. Constitution were debated and adopted, and the world-famous Philadelphia Orchestra , which will visit Mongolia for performances and workshops in early June 2017. The President will deliver [...]

August 4th, 2016|

In record-fast 8-day transition, Parliament swiftly elects M. Enkhbold as Chairman, J. Erdenebat as Prime Minister; S. Batbold confirmed as new mayor of UB

Within eight days of the June 29 elections, in the fastest post-election transition in Mongolia’s 26 years of democracy, President Ts. Elbegdorj approved the list of winning MPs, who were promptly sworn in and then proceeded to elect MPP Party Chairman M. Enkhbold as Chairman of the State Great Khural (parliament), and former Finance Minister J. Erdenebat as Prime Minister. Because of the upcoming 11th ASEM Summit in UB, existing cabinet members will continue to serve in an “acting” capacity. [...]

July 13th, 2016|

Mongolian People’s Party wins 85% majority of 76 seats in State Great Khural, 75% majority in Ulaanbaatar City Council, takes 20 of 21 provincial legislatures

In the June 29 parliamentary and aimag (provincial) elections, the Mongolian People's Party (MPP) decisively ousted the ruling Democratic Party (DP) by winning landslide super-majorities in the 76 member unicameral State Great Khural, and majorities in 20 of the 21 aimag legislatures, including the Ulaanbaatar City Khural. The MPP captured 65 of 76 seats in the State Great Khural (SGK), winning an 85% super-majority, the largest party majority since 2000, when the MPP won 72 of 76 seats. Many of [...]

July 4th, 2016|

Jeff Tygesen, CEO of Turquoise Hill Resources, Is bullish on Mongolia in Bloomberg TV interview

Jeff Tygesen, CEO of  Vancouver-based Turquoise Hill Resources (TRQ),  which owns 66% of the massive Oyu Tolgoi copper and gold mine in the south Gobi, was bullish on Mongolia, the start of the Oyu Tolgoi underground phase and future global demand for copper. Interviewed on Bloomberg TV News Canada on June 17, he said he has not heard one word from Rio Tinto about increasing its stake in Turquoise Hill but  a “lot of people have interest in Oyu Tolgoi” [...]

June 23rd, 2016|

Centerra President Frank H. Herbert is elected NAMBC Chairman; first Canadian, first mining exec

Frank Herbert, President of Toronto-based Centerra Gold, has been elected Chair and CEO of the4 NAMBC, the first Canadian and the first mining company executive to serve in that post. Frank has been Vice Chairman of the NAMBC since 2012. Centerra was the first Western foreign company to start mining operations in Mongolia and the first Canadian company to join the NAMBC in the early 1990’s. Frank succeeds Ambassador Pam Slutz, who retired as chairman after three years but will [...]

June 23rd, 2016|

BCM is organizing delegation from Mongolia to MINExpo 2016, Las Vegas, September 26-28; registration deadline is July 29, 2016

The Business Council of Mongolia (BCM), the NAMBC’s brother organization in Ulaanbaatar, is organizing a Mongolian business delegation to participate in the quadrennial MINExpo International 2016, at the Las Vegas Convention Center (Nevada, USA) on September 26-28, 2016, with the support of the US Embassy. The registration deadline is July 29. Please contact BCM at 976+ 7011-4442, tugi@bcmongolia.org to register and for additional information. For details on MINExpo, visit http://www.minexpo.com/ Held every four years, MINExpo International is the world's largest [...]

June 23rd, 2016|

NAMBC Founder Eugene A. Theroux receives Polar Star medal from Ambassador B. Altangerel

Mongolian Ambassador to the US Bulgaa Altangerel presented the Order of the Polar Star, Mongolia’s highest decoration, to Eugene A. Theroux, Senior Counsel Emeritus of Baker & McKenzie law firm, in behalf of President Ts. Elbegdorj, citing Theroux for his contributions to US-Mongolia relations over the past quarter century. Theroux and Jalsa Urubshurow, CEO of Nomadic Expeditions, founded the NAMBC in Washington DC in 1990. One of America’s leading international lawyers, Theroux opened the first foreign law office in Beijing. [...]

June 23rd, 2016|

Mongolia section in latest US State Department Annual Human Rights Report

The US Department of State (DoS) released the 2015 Country Reports on Human Rights Practices in Washington DC, on April 13, 2016, which documents the status of human rights conditions in 199 countries and territories around the world. Issued annually for 40 years, these reports are mandated by Act of Congress in the Foreign Assistance Act of 1961 and the Trade Act of 1974. The section on Mongolia comprises 10,885 words. Click HERE for full text of the Mongolia Section [...]

May 23rd, 2016|