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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 [...]

Sign up for Mongolia Business Forum at PDAC, Toronto, March 8, Royal York Hotel; Free but advance registration is required

2016-07-17T17:26:22+00:00 January 20th, 2016|Categories: Archives|

As part of the annual convention of the Prospectors and Developers Association of Canada (PDAC) – the world’s largest annual mining conference – the Mongolian Ministry of Mining, the Mongolian Embassy to Canada and the NAMBC are sponsoring a Mongolia Business Forum on Tuesday, March 8, 2016, 9:00 AM-2:00 PM, at the Fairmont Royal York Hotel, 100 Front Street West, Toronto. Mining Minister R. Jigjid and a variety of other Mongolian officials and top private sector leaders in the extractive industries sector will be among the speakers discussing FDI opportunities and seeking a dialogue between the government and private sector [...]

Oyu Tolgoi underground financing package signed in Ulaanbaatar; Agreement will lead to US$1+ billion in US and Canadian exports; Canada provides 21% of US$4.4 billion funding

2016-06-23T04:24:25+00:00 December 20th, 2015|Categories: Archives|

On December 16, on the date forecast by Prime Minister Ch. Saikhanbileg, Oyu Tolgoi LLC,, Turquoise Hill Resources (THR) and Rio Tinto signed documents in UB confirming the US$4.4 billion financing package for OT’s underground mine phase, which represents 80% of the project’s total value. Construction is expected to start early in 2016. The $4.4 billion project finance facility, one of the largest ever in the mining industry, is being provided by a syndicate of international financial institutions and export credit agencies representing the governments of Canada, the United States and Australia, along with 15 commercial banks. Jeff Tygesen, Turquoise [...]

Register now — US DOC’s Fifth US-Mongolia Business Forum, January 13, 2010, Orlando , FL, will focus on agriculture

2016-10-27T05:27:37+00:00 December 1st, 2009|Categories: Archives|

The US Commerce Department's Fifth U.S.-Mongolia Business Forum will be held on Wednesday, January 13, 2010, in Orlando , FL , 8:15 AM –1:00 PM, at the Orange County Convention Center . The forum will focus on agriculture and will be held in conjunction with AG CONNECT Expo 2010, a new agriculture trade show organized by the Association of Equipment Manufacturers in Orlando , January 12-15, 2010.  Be sure to register by December 16. This year's forum will be concentrate on agricultural products, machinery, services and technology, offering an ideal opportunity to learn about the many opportunities in Mongolia 's [...]

New Mongolian Ambassador to Canada presents credentials to Governor General Michaelle Jean at Ottawa ceremony

2016-07-17T20:42:21+00:00 November 29th, 2009|Categories: Archives|

On November 23, Ambassador Tundevdorj Zalaa-Uul, 53, presented his Letters of Credence to Her Excellency, the Right Honorable Michaelle Jean, Governor General of Canada , at Rideau Hall in Ottawa , the official residence of Canadian Governors General. Ambassador Zalaa-Uul is a career Foreign Ministry officer. Prior to his current post, he was Counselor of the Department of the Americas , Middle East and Africa at the Ministry of Foreign Affairs and Trade in Ulaanbaatar . Previously, he served two tours in Romania , one as Charge d’Affaires, and as Counselor at the Mongolian Embassy to India , in addition [...]