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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 [...]

Sukhbaatar Batbold is elected as Mongolia’s 26th Prime Minister

2016-07-17T20:39:15+00:00 November 3rd, 2009|Categories: Archives|

Foreign Minister Sukhbaatar Batbold, 46, was elected as the 26th Prime Minister of Mongolia on October 30, succeeding Sanjaa Bayar, who resigned because of poor health. The previous day, October 29, the governing council of the ruling Mongolian Peoples Revolutionary Party (MPRP) unanimously voted to nominate him to replace Bayar. A diplomat and economist educated in Moscow and London , Batbold reportedly received 62 of 66 votes cast by Members of the 76-seat unicameral State Great Hural (parliament), after his nomination was approved by President Ts. Elbegdorj. Batbold has been Foreign Minister since 2008 and a member of parliament since [...]

Prime Minister Sanjaa Bayar resigns for health reasons

2016-10-27T05:27:37+00:00 October 26th, 2009|Categories: Archives|

Prime Minister Sanjaa Bayar submitted his letter of resignation to the Chairman of the State Great Hural (parliament) on October 26. Bayar had previously announced he intended to resign for health reasons. The Mongolian Peoples Revolutionary Party (MPRP), the senior partner in the parliamentary coalition with the Democratic Party, will pick a successor. MPRP spokespersons told reporters that the coalition was expected to remain intact.  The MPRP holds 46 out of 76 seats in the unicameral State Great Hural (SGH) and would be able to name a new Prime Minister from the MPRP on its own initiative, without the concurrence of the Democratic [...]

Long-awaited book on US-Mongolia relations by NAMBC Member Dr. Alicia Campi now available through Amazon, other booksellers

2016-07-17T20:29:36+00:00 October 15th, 2009|Categories: Archives|

The Impact of China and Russia on United States-Mongolian Political Relations in the Twentieth Century, an authoritative in-depth analysis of US-Mongolia political relations by two former diplomats, Dr. Alicia Campi and Ms. Ragchaa Baasan, will be available as of October 30 on, other booksellers and from the publisher, The Edwin Mellen Press, Dr. Campi, president of The Mongolia Society and of the Chinggis Khan Foundation, was a US diplomat in Tokyo during the 1980’s and played a key role in the bilateral negotiations leading up to the opening of formal US-Mongolia diplomatic relations in 1987. Ms. Baasan, a career officer [...]

Government of Mongolia signs Oyu Tolgoi Agreement on October 6

2016-07-17T20:06:17+00:00 October 12th, 2009|Categories: Archives|

The Mongolian Government (GoM) signed the long-awaited Oyu Tolgoi agreement in a special state ceremony on October 6 in the Great Hall of Government House on Sukhbaatar Square . The ceremony was attended by President Ts. Elbegdorj, Prime Minister Sanjaa Bayar, State Great Hural Chairman D. Demberel, together with cabinet ministers and Members of Parliament, other high level officials, as well as representatives of business organizations, and NGOs. October 6 was selected for the signing because the date was certified by the learned astrology lamas at Gandan Monastery as the single most auspicious day of the year, according to the Mongolian Buddhist [...]