Ambassador Altangerel signs MOU to bring Philadelphia Symphony Orchestra to Mongolia for concerts, public outreach, June 5-9, 2017

2016-08-04T18:24:16+00:00 May 23rd, 2016|Categories: Archives|

Mongolia’s Ambassador to the US Bulgaa Altangerel and the CEO of the Philadelphia Symphony Orchestra, Allison Vulgamore, signed an MOU in the US Capitol building in Washington DC in March to bring the world-famous Philadelphia Symphony Orchestra to Ulaanbaatar, notionally during June 5-9, 2017. The orchestra will be “in residence” to engage in people-to-people cultural diplomacy, including two full orchestra concerts, as well as a series of special events throughout Ulaanbaatar designed in partnership with Mongolian musicians, local schools and cultural institutions. The Philadelphia Orchestra will be the first Western orchestra to perform in Mongolia. Similarly, it was the first [...]

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

2016-11-23T19:03:17+00:00 May 19th, 2016|Categories: Archives|

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. Theroux served as an NAMBC officer and director continuously for 26 years, a record unmatched by any other member. He [...]

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

2016-11-23T19:04:34+00:00 May 19th, 2016|Categories: Archives|

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 continue to serve on the board of directors.   Prior to becoming Centerra’s President last year, Frank Herbert had been [...]

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

2016-11-23T19:04:08+00:00 May 18th, 2016|Categories: Archives|

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, to register and for additional information. For details on MINExpo, visit Held every four years, MINExpo International is the world's largest mining show with the most comprehensive exhibition of mining equipment, products and services. More than 1,800 exhibitors in twelve exhibit [...]

Mongolia section in latest US State Department Annual Human Rights Report

2016-11-23T19:03:42+00:00 April 30th, 2016|Categories: Archives|

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 of the 2015 DoS Human Rights Report

Jim Dwyer retires as Executive Director of Business Council of Mongolia; Mergen Chuluun appointed as his successor at NAMBC’s brother organization

2016-06-23T04:22:27+00:00 April 26th, 2016|Categories: Archives|

International banker Jim Dwyer retired in April 2016 as Executive Director of the Business Council of Mongolia (BCM), the NAMBC’s brother organization, which he helped found in 2007 and during eight years of distinguished leadership, built into the most important Mongolian business organization in Ulaanbaatar. For the previous four years, Jim had served as Vice President and UB Resident Chief Operating Officer of the NAMBC. Jim has lived in Mongolia since 2001, when he arrived to manage the successful privatizations of Mongolia's two largest commercial banks. His prior 30-year Wall Street career included serving as Global Head of M&A for [...]

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

2016-11-23T19:04:51+00:00 April 20th, 2016|Categories: Archives|

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” which will be one of the three largest copper mines in the world.  Part One of the Tygesen interview -- [...]

Centerra President Frank Herbert nominated to be first Canadian Chairman of the NAMBC, Teddy Baldwin, Baker & McKenzie, as Secretary-Treasurer

2016-10-27T05:27:35+00:00 April 14th, 2016|Categories: Archives|

Bruce Wagner, CEO of Wagner Equipment and Chairman of the 2016 NAMBC Nominating Committee, announced the committee will propose at the Ottawa Annual Meeting & Investors Forum on May 18 a slate of officers for 2016-2017 headed by Frank Herbert, President of Centerra Gold, who would become the NAMBC’s first Canadian Chairman. Frank has been Vice Chairman of the NAMBC since 2012. Centerra was among the first Canadian companies to join the NAMBC in the 1990’s. The Nominating Committee will also propose Teddy Baldwin, a partner in the Washington DC office of Baker & McKenzie, as Secretary-Treasurer to succeed Gene [...]

Da. Ganbold, CEO, Erdenes Oyu Tolgoi, joins distinguished speakers at 26th NAMBC Annual Meeting and Investors Forum, Ottawa, May 17-18; Updated schedule lists line-up of expert panelists and discussants; After May 4, registration fees increase; Chatham House Rule in force

2016-10-27T05:27:35+00:00 April 4th, 2016|Categories: Archives|

Da. Ganbold, CEO of Erdenes Oyu Tolgoi LLC – the SOE which holds the Mongolian Government’s 34% stake in the vast Oyu Tolgoi mine – has joined the list of distinguished speakers at the NAMBC’s 26th Annual Meeting and Investors Forum at the Courtyard Marriott Downtown Ottawa Hotel in the Byward Market. Links to an updated schedule and a registration form follow below. Registration fees increase after the May 4 deadline. Registration is limited in order to promote real dialogue. Proceedings are under the Chatham House Rule to encourage candor and information-sharing, which means that participants are free to use [...]

Parliament opts for stability and growth: Prime Minister Saikhanbileg easily wins vote of confidence; Centerra’s Gatsuurt gold project approved; Elections set for June 29

2016-10-27T05:27:35+00:00 February 13th, 2016|Categories: Archives|

In the last days of its Autumn Ordinary Session prior to adjourning for the Tsagaan Sar (lunar new year) holiday that started February 9, the State Great Khural (SGK) impressed foreign markets with a series of positive decisions in favor of political stability and private sector economic growth. On January 28, parliament defeated an opposition-backed no-confidence motion against Prime Minister Ch. Saikhanbileg after a five-hour nationally televised session. Seven days later, on February 4, parliament finally gave the green light to Centerra's long-delayed Gatsuurt gold mine project. In separate action, the SGK set June 29 as the date for quadrennial [...]