Keynote Address to be delivered by Canadian Ambassador Anna Biolik

2016-07-17T18:54:26+00:00 June 28th, 2009|Categories: Archives|

Canadian Ambassador to Mongolia Anna Biolik will deliver the Keynote Address at our  Investors Conference on the morning of September 15.  Canada's first resident ambassador in Mongolia, she has served since presenting her credentials to President N. Enkhbayar on September 2, 2008. Ambassador Biolik is one of  North America's foremost experts in Central Asian diplomacy. Immediately prior to her appointment, Ambassador Biolik had served for two years as director of the Centre of Learning for International Affairs and Management of the Canadian Foreign Service Institute. From 2004 to 2006, she served as ambassador of Canada to the Republic of Kazakhstan, with [...]

NAMBC meets with President Elbegdorj to urge swift action on Oyu Tolgoi; New President foresees “timely” action on pending mining issues; US Senate passes Mongolia resolution on day of Elbegdorj inauguration

2016-07-17T19:03:31+00:00 July 27th, 2009|Categories: Archives|

On July 8, an NAMBC delegation headed by NAMBC President Steve Saunders met with President Ts. Elbegdorj at Government House in Ulaanbaatar to urge swift action on the Oyu Tolgoi (OT) investment agreement and other related matters so that the “Mongolian people could begin to reap the huge economic benefits of accelerated natural resource development.” President Elbegdorj replied that he expected the Oyu Tolgoi agreement to be approved in a “timely” manner. Oyu Tolgoi is the copper-gold  mine project in the south Gobi being developed by Ivanhoe Mines and Rio Tinto, potentially the largest copper mine in the world. In [...]

Canadian & US official delegations attend inauguration of President Elbegdorj; US Senate unanimously passes pro-Mongolia resolution on the same day

2016-07-17T18:31:50+00:00 June 22nd, 2009|Categories: Archives|

The governments of Canada and the US sent official delegations to attend the June 18 swearing-in of Ts. Elbegdorj as Mongolia’s fourth President. On the same day in Washington, DC, the United States Senate unanimously passed a resolution (Senate Resolution 192) honoring Mongolia's democracy and free market economy and re-affirming strong ties between the US and Mongolia. See below for link to the full text of the resolution. The Canadian delegation was headed by Senator Anita Raynell Andreychuk of Saskatchewan, who has served in the Senate for 16 years, and included Canadian Ambassador Anna Biolik. Senator Andreychuk is the Chair [...]

Keith Marshall of Rio Tinto is elected to NAMBC Board of Directors

2016-10-27T05:27:37+00:00 June 17th, 2009|Categories: Archives|

Keith Marshall of Rio Tinto was elected a member of the NAMBC Board of Directors on April 21 at our 19th Annual General Meeting in Washington , DC .  Keith was appointed Managing Director of Ivanhoe Mines Mongolia in February 2008 with responsibility for the Oyu Tolgoi copper-gold project. He plays a leading role in the Investment Agreement negotiations with the Mongolian Government and the State Great Hural. Keith brings to our Board 30 years experience in the international mining industry in every continent on earth. Prior to taking up his Oyu Tolgoi assignment, Keith worked for four years as [...]

Registration is free for USDOC US-Mongolia Business Forum on June 9 in Washington, DC; Foreign Minister will speak

2016-10-27T05:27:37+00:00 June 2nd, 2009|Categories: Archives|

The US Commerce Department’s 4th US-Mongolia Business Forum is on Tuesday, June 9, in Washington, DC, and focuses on the energy sector. Registration is free but you must send in a registration form in advance. A form can be downloaded below. The conference will be held at the ground floor auditorium of the US Department of Commerce building, 1401 Constitution Avenue, NW,  Washington, DC. For more information, please contact Ms. Zhen Gong Cross, Head of Mongolian Affairs at USDOC, by phone (202-482-2910) or e-mail -- Expected speakers include Gary Locke, US Secretary of Commerce; S. Batbold, Mongolian Minister of [...]

General Manager of Financial Regulatory Commission visits NAMBC

2016-07-17T18:13:15+00:00 May 19th, 2009|Categories: Archives|

Mr.Ganbat Osor, Head of the Office and General Manager of the Financial Regulatory Commission of Mongolia (FRC). met with the NAMBC in Alexandria, VA, on May 12 during a visit to the US sponsored by the US State Department International Visitor Leadership Program and organized by Meridian International. Ganbat previously served at the Ministry of Finance of Mongolia as Head of the Monitoring and Evaluation Division, 2004 – 2006, and as Director of the Monitoring and Evaluation Department, 2000-2004. Among the topics discussed were US mechanisms for financial regulation and supervision, including regulation of the securities markets, insurance industry and investment funds, [...]

Cartan Sumner of Peabody Energy joins NAMBC Board of Directors

2016-10-27T05:27:37+00:00 May 15th, 2009|Categories: Archives|

Chairman Edward T. Story, Jr., has announced that L. Cartan Sumner, Jr., Vice President for International Government Relations of Peabody Energy, has been elected a member of the NAMBC Board of Directors for a term to expire at the 2010 Annual General Meeting in Ottawa. Cartan Sumner has been Vice President of International Government Relations at Peabody Energy in St. Louis, MO, since October 2007. Sumner previously served as Director of Corporate Development with Peabody from 2001 to 2007. In that post, he was a member of the company’s mergers and acquisitions team participating in multiple domestic and international transactions, including Peabody’s acquisition of Australia’s [...]

NAMBC hosts ‘Mongolia Young Leaders Forum’ in Washington, DC

2016-07-17T18:08:15+00:00 April 15th, 2009|Categories: Archives|

On March 23, the NAMBC and the Zorig Foundation USA co-sponsored a reception honoring first Fellows of the “Mongolia Young Leaders Forum” (MYLF), a group of Mongolia's best and brightest who are came to Washington, March 23-24, under the patronage of Ambassador Kh. Bekhbat. Eight outstanding Mongolian students enrolled in top American universities were selected as the first MYLF Fellows. The MYLF is sponsored by the Mongolian-American (MonAme) Scientific Research Center of Ulaanbaatar. The goal of the program is to bring together students from Mongolia studying at leading US universities to provide them an opportunity to meet one another, and to inspire and motivate [...]

Cabinet endorses Oyu Tolgoi agreement, sends to Ikh Hural for approval

2016-07-17T17:59:05+00:00 March 12th, 2009|Categories: Archives|

On March 2, Prime Minister Sanj Bayar’s cabinet approved the draft Oyu Tolgoi Investment Agreement with Ivanhoe Mines and resolved to present the agreement to the State Great Hural (SGH) for approval. The Mongolian National Security Council also reviewed the draft and approved it in principle. The cabinet authorized the Ministers of Finance, of Mining and Energy and of Environment and Tourism to initial the agreement in behalf of the GoM. The Investment Agreement is a comprehensive contract to facilitate construction and development of the Oyu Tolgoi copper-gold mining complex in the south Gobi. Before it can take effect, the agreement [...]

Giant Made-in-USA CAT trucks arrive at Ukhaakhudag coal mine site

2016-10-27T05:27:37+00:00 March 10th, 2009|Categories: Archives|

On March 3, the first two giant Caterpillar Model 785C trucks were delivered by NAMBC Member Wagner Asia to the Ukhaakhudag coal mining project site near Tavan Tolgoi.  Ukhaakhudag is owned by Energy Resources, Inc., a Mongolian company, that recently signed an operating agreement with Leighton Mining Contractors. These first two trucks are part of an initial order of five. Leighton plans to have a total of 11 CAT trucks on site by the end of 2009. Wagner Asia personnel drove the trucks to the mine site 650 km (about 255 miles) through the Gobi desert from Zamyn-Uud, the primary [...]