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

2017-01-30T01:53:56+00:00 July 13th, 2016|Categories: Archives|

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. According to law, Prime Minister Erdenebat must present nominees for his cabinet within 14 days of his appointment on July [...]

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

2017-01-30T01:54:19+00:00 July 4th, 2016|Categories: Archives|

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 the most outspoken "resource nationalist" MPs were defeated. The MPP fielded a candidate mix of fresh new talent and experienced [...]

US-Mongolia Transparency Agreement ratified at Washington on January 18, effective March 18; covers trade, FDI, bribery, corruption

2017-05-20T09:50:42+00:00 January 20th, 2017|Categories: Archives|

More than three years after it was signed in September 2013 by US Trade Representative Michael Froman and then-Foreign Minister Lu. Bold, the US-Mongolia Transparency Agreement was finally ratified on Wednesday, January 18, at a Washington DC ceremony at which letters by Ambassador Froman and Mongolian Ambassador to the US Bulgaa Altangerel were exchanged certifying that both the US and Mongolia have completed their respective legal requirements to implement the agreement. Formally known as the "Agreement on Transparency in Matters Related to International Trade and Investment between the United States of America and Mongolia," the agreement will enter into force [...]

US Embassy and Ministry of Foreign Affairs unveil logo for 30th anniversary of US-Mongolia diplomatic relations

2017-05-20T09:50:11+00:00 January 10th, 2017|Categories: Archives|

On December 23, 2016, US Ambassador to Mongolia Jennifer Zimdahl Galt and State Secretary of the Ministry of Foreign Affairs D. Davaasuren unveiled the official logo for the 30th anniversary of US-Mongolia diplomatic relations. The US Embassy last year organized a competition to design the logo. Ch. Altangerel’s design was selected out of over 160 submissions. Altangerel’s logo will be featured throughout 2017 at programs and events marking the 30th anniversary. Altangerel joined Ambassador Galt and State Secretary Davaasuren at the ceremony. This event had special significance to Davaasuren, who served as Deputy Chief of Mission at the Mongolian Embassy [...]

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

2017-05-20T09:39:57+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

2017-05-20T09:40:05+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

2017-05-20T09:40:11+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 [...]

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

2017-05-20T09:40:59+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

2017-05-20T09:41:09+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 -- [...]