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Chairman of State Great Khural Enhkbold to speak at Investors Conference,
October 7-8; others include Senior US Commerce Department Official plus
leading experts; Register by September 10 for next tier of discounts;

His Excellency Zandaakhuu Enkhbold, Chairman of the State Great Khural, Mongolia’s unicameral parliament, will speak at the NAMBC’s 17th Annual Investors Conference at the Best Western Tuushin Hotel, Ulaanbaatar, October 7-8. He  is the second highest-ranking state official. Chairman Enkhbold has served continuously as a member of parliament since 2005. He was twice Chairman of the State Property Committee, 1996-1999 and 2004-2005 , and is a former Secretary General of the Democratic Party. Enkhbold earned an International MBA at the University of Denver.  

Other speakers confirmed include John M. Andersen, Principal Deputy Assistant Secretary of Commerce in charge of Global Markets. Based in Washington DC, Secretary Andersen is responsible for the Commerce Department’s global efforts to assist US businesses in international markets, including market access and commercial issues. US Ambassador Piper A. W. Campbell will deliver the conference keynote address. Click on the link below for the preliminary list of speakers and panelists.

September 10 is the next deadline for early registration discounts. Use the links below to obtain registration forms and to make room reservations at discounted rates at the hotel. Deadline for guaranteed group rate rooms is September 10.

Program segments will discuss mining, reigniting FDI and economic growth, infrastructure and new business opportunities, prospects for the “Third Neighbor” policy in the wake of the visits of President Xi and Putin, and capital markets and securities.. The NAMBC’s 2014 Investors Conference is the oldest, continuously-held international investors’ forum in or about Mongolia, convened annually in UB since 1998 and the only one run on a non-profit basis.

Full simultaneous interpretation will be provided. Non-members from any country are welcome. Deadline for all registrations is September 29.

Click HERE for Preliminary List of Speakers/Panelists

Click HERE for Investors Conference 2014 registration form

Click HERE for group rate reservations at the Best Western Hotel

Z. Enkhbold
SGK Chairman 

John M. Andersen
US Commerce Department 

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Rio Tinto donates park in Khanbogd, breaks ground for sports center in Manlai  

On the weekend of August 9-10, during the celebration of Khanbogd soum’s 90th anniversary, local officials formally opened the 5-hectare Galba Public Park, financed by Rio Tinto’s social investment program and built by a Mongolian company. The park design and planning was an initiative by local residents and the soum administration. 

Oyu Tolgoi LLC Board members, executives of Erdenes Oyu Tolgoi LLC, and Rio Tinto representatives attended the opening ceremonies, together with soum government leaders and a large crowd of area residents, many of whom work at the nearby Oyu Tolgoi mine.The park’s name is derived from the original historic name of Khanbogd soum. Park features include fountains, lawns, parking for 300 cars, restrooms and lighting.  

On July 31, Oyu Tolgoi LLC officials broke ground and laid a foundation stone for a new sports center in Manlai Soum in Umnugobi Aimag, to be financed by Oyu Tolgoi LLC and Rio Tinto as a gift to the people of Manlai. The sports center will have 250 seats and be fully equipped with modern sports equipment and facilities Galba Public Park and the Manlai Sports Center are part of Rio Tinto’s global social investment policy, which sponsored 2200 projects last year. 

Children’s playground in Galba Park

Main gate to Galba Park in Khanbogd 


US Embassy issues candid 2014 Mongolia Investment Climate Statement

Reading some government reports is like chewing gravel but not the US Embassy’s annual 2014 Mongolia Investment Climate Statement, released on July 28, 2014. The report is extensively researched and well -written, comprehensive, even-handed and very candid. It’s not merely a collection of statistics – although the report has plenty of tables and statistics -- and is well worth the investment of time in reading the entire document. 

Click HERE for full text of 2014 Mongolia Investment Climate Statement




US Embassy Seal

NAMBC Chairman Pam Slutz calls EXIM reauthorization top priority
for expansion of US exports of goods & services to Mongolia

Commenting on the uncertain prospects for Congressional re-authorization of the U.S. Export-Import Bank (EXIM) , Ambassador Pamela Slutz, Chairman of the NAMBC, said, “This should be a no-brainer.” She noted that not only was EXIM financing necessary for Boeing’s recent sale of three new planes with GE engines to MIAT Mongolian Airlines, but also “EXIM is committed to financing US$500 million in U.S. exports for the expansion of the underground mine at Oyu Tolgoi, which alone will support about 2000 jobs in the US.”   

She said, “Maybe some U.S. capital goods sales to Japan, Saudi Arabia, and Western Europe can go forward without EXIM, but for developing countries like Mongolia, if American companies don’t have EXIM backing, they are out of the game.” U.S. companies are actively bidding for crucial Mongolian infrastructure projects, she said, and “the availability of EXIM support is essential.”

EXIM’s current authorization expires September 30 at the end of the current federal fiscal year. Some Members of Congress strongly oppose re-authorization for ideological reasons. “Undoubtedly EXIM can be improved," Ambassador Slutz said, “especially to facilitate more SME exports and to streamline procedures.” But, Ambassador Slutz emphasized, “every other exporting nation has an aggressive, and in some cases even predatory, export finance strategy – that’s the environment in which U.S. companies compete abroad -- so for the United States to terminate EXIM is akin to unilateral disarmament.” 

U.S. citizens interested in expressing their views on EXIM reauthorization, in favor or opposed, can find contact information for their Members of Congress at



Exim logo

Ambassador Pam Slutz
NAMBC Chairman


Boeing delivers second of three new aircraft to MIAT

NAMBC Member Boeing has delivered to MIAT Mongolian Airlines the second of three direct-purchase aircraft, a new Boeing 737-800. MIAT named the plane “Guyug Khaan,” in honor of the third ruler of the Mongol Empire and grandson of Chinggis Khaan. It arrived in Ulaanbaatar on May 10. The first plane, a Boeing 767-300ER, was delivered in May 2013. The newest of MIAT’s fleet of five Boeing aircraft can seat 162 passengers and fly 10 hours without re-fueling. MIAT spokesmen say the additional aircraft will allow MIAT to open new routes to Frankfurt in June and Singapore in October. The US Export-Import Bank facilitated the 3-plane deal, which was the result of an agreement signed in 2011 during President Ts. Elbegdorj’s visit to Washington, DC. 


Scott Grimsby of Boeing, NAMBC BoD Member, hands over new plane to MIAT in Seattle

Boeing’s Scott Grimsby, NAMBC BoD Member, hands over new plane to MIAT VP N. Ganbold

Ambassador Altangerel presents credentials to Governor General Johnston

Radnaabazar Altangerel has formally taken up his duties as Ambassador of Mongolia to Canada after presenting his credentials on May 5 to The Right Honourable David Johnston, Governor General of Canada, at Rideau Hall, the Governor General’s official residence in Ottawa.  Ambassador Altangerel conveyed “warm greetings”  from President Ts. Elbegdorj and promised continuing efforts to expand Mongolia’s partnership with Canada. The Governor General, Canada’s Head of State, congratulated Altangerel, wished him success in his mission, and recalled with pleasure his state visit to Ulaanbaatar last year. Also attending the ceremony was Senator Joseph A. Day, chairman of the Canada-Mongolia Friendship Group in Parliament, Mongolian Embassy officials and representatives of the Mongolian community in Canada. 

Ambassador Altangerel has had a distinguished career in the Mongolian foreign service. Immediately prior to his nomination last year, he was Director of the State Diplomatic Protocol Department. Previously, he was Ambassador to France, Spain, Portugal and Monaco and Permanent Delegate of Mongolia to UNESCO. Altangerel graduated from the Moscow State Institute of International Relations in 1990, the Graduate Institute of International Studies in 1994 (Geneva), and Ecole Nationale d`Administration in 2001 (Paris). He speaks Mongolian, French, Russian and English.


The Governor General
& Ambassador Altangerel

The Governor General
& Ambassador Altangerel

Full-time university students now eligible for NAMBC membership 

The NAMBC Board of Directors voted to create a new category of student membership. Any full-time university student with Mongolian, Canadian or American citizenship enrolled full-time  at any accredited university is eligible to join as Associate Members for US$50 per year. On April 23, the board unanimously approved the proposal made by Virginia Flood, Vice President Canada, Rio Tinto. In seconding the motion, Board Member Dr. Anna Biolik, Canada’s first resident ambassador to Mongolia, noted that the NAMBC had already gained corporate memberships as the result of Mongolian students who had been active in NAMBC events persuading their subsequent employers to join. For many years, the NAMBC has offered subsidized event registration fees to Mongolian students at or alumni of American and Canadian Universities.  When Dr. Biolik was ambassador in Ulaanbaatar, she worked closely with the NAMBC to create the “Canadian Alumni of Mongolia” organization,  which subsequently became a self-governing NGO registered in Mongolia. For further information on student membership, contact 


Two Mongolian students
from Canadian universities
at Ottawa AGM 2014

Two Mongolian students
from Canadian universities
at Ottawa AGM 2014 

NAMBC's "Canadian Alumni of Mongolia" program is organizing as an independent self-governing NGO in Canada

The NAMBC is pleased to announce that two of the earliest members of our "Canadian Alumni of Mongolia" program (CAM) are organizing it as an independent, non-profit, self-governing NGO in Canada. Any Mongolian citizens who attended or are now attending high school, college, university, or technical training in Canada are eligible for membership, even if you did not graduate. CAM will be open to Mongolians who are permanent residents of Canada or are living in Canada with student or other temporary visa status as well as Mongolians living in other countries.

CAM's objectives are to: (1) promote Canadian education for Mongolian students; (2) promote establishment of a professional and social network for Mongolians in Canada; (3) promote outstanding achievements of alumni; (4) promote the exchange of ideas, and provide opportunities for continuing education; and (5) connect Mongolian graduates with Canadian companies and businesses that operate in Mongolia.

For further information, contact one of the two Co-Chairs of CAM: Bulgan Orgilsaikhan  at the Forbes & Manhattan Investment Bank in Toronto,, OR   Saruul Ayurzana, BA, CMA, Adjunct Professor at Algonquin College,




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