In September of 2007 a group of committed business people in Mongolia met to form the Business Council of Mongolia. Our organizing Board of Directors represented a cross section of the business and economic mainstays of our economy. At the March, 2008 BCM Board meeting the Board of Directors was expanded with the confirmation of an additional 7 new Board members and now totals 14. The organizing Board was then named as BCM's Executive Committee.

EXECUTIVE COMMITTEE:

Laurenz Melchers, Mongolian Star Melchers - Chairman
Laurenz Melchers is a co-founder of Mongolian Star Melchers Company (MSM). He and his family reside in Mongolia since 1997. He holds a B.Sc. from the University of Massachusetts.

MSM is a trade and service company, active in the following four fields of business: Mining & Construction Supply, Automotive retail and service, Consumer goods distribution, Health care & hospital supplies. MSM is known for quality of services and products and is the General Agent in Mongolia for many reputable companies including: Mercedes-Benz (cars and trucks), Mitsubishi Motors, Atlas Copco (Generators and Compressors), Boart Longyear (Drill rigs and consumables), Johnson & Johnson.

Tavan Bogd Group is a diversified enterprise with interests in manufacturing (Mongolia's largest flour mill by capacity); trade & services (Fuji film photo, Xerox, and Volkswagen); consumer goods (foods and household goods including those from Nestle, Heinz and Colgate Palmolive); travel & tourism (Kempinski Khan Palace, Juulchin Travel); and real estate & property.

Mr. Bold Baatar is a Managing Director of Goldstream Mongolia, which is a gold mining and exploration company. He also serves as Chairman of Mongolian Stock Exchange, an advisor to Minister of Foreign Affairs G. Zandanshatar on Foreign Investment and holds other leadership positions in non-government organizations such as Mongolian Art Council, Business Council of Mongolia and others. Mr. Bold started his career on Wall Street with JPMorgan in 1998 where he was most recently senior banker in Investment Banking with a focus on Russia, CIS and Mongolia. He also worked in the Financial Sponsor Group in New York originating and executing LBO, M&A, IPO and debt/equity capital market transactions for large private equity clients such as Blackstone, Warburg Pincus, KKR, Apollo and others. He has executed and closed over 30 transactions in Europe, US and Asia. From 2009-2011 he worked as CEO of Newcom Group and as a Chairman of Mobicom and Eznis Airways and lead Newcom’s efforts in the development of first wind power generating project. Mr. Bold also advised Mongolian Government and private Mongolian companies on attracting foreign investment.

Bayanjargal Byambasaikhan is the Chief Executive officer of Newcom Group. Prior to joining Newcom, Byambasaikhan was an energy finance specialist at the ADB in 2004-2010. He Managed several multidisciplinary project teams and designed, structured investment transactions in Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, and Uzbekistan. He is accomplished in raising finance through multilateral (World Bank, Europian Bank, for Reconstruction and Development, Islamic Development Bank) and bilateral (France, Japan, US) financing agencies and carbon markets. In 2009, he closed the world’s largest ($ 1.2 BLN) public sector investment facility for energy efficiency. In 2010, he financed central Asia’s first 900 MWCCGT power plant for $ 1.3 BLN. Byambasaikhan is a Vice Chairman of the Mongolia Economic Forum 2012 and leads its clean technology and innovation group.

 

Boroo Gold company is a subsidiary of Centerra Gold Inc.  Centerra is a growth-oriented Canadian-based gold mining and exploration company engaged in the acquisition, exploration, development and operation of gold properties in Central Asia, the former Soviet Union and other emerging markets worldwide.

BOARD OF DIRECTORS, additional members:

Achit-Erdene Darambazar, Mongolia International Capital Corporation
Achit-Erdene Darambazar has been the President of Mongolia International Capital Corporation (MICC) since 2005, - the first investment bank offering corporate finance, stock underwriting, and brokerage services in the country.Achit Erdene has been an innovator in the Mongolian financial sector and spearheaded many of the largest and most important recent finance transactions in Mongolia.

Achit- Erdene completed a Master’s degree in International Relations from Columbia University and a Bachelor’s degree from Middlebury College.Achit-Erdene is fluent in English and Russian and proficient in Japanese and Korean.

T. Amarzul, Petro Matad
A Mongolian citizen, educated in Singapore Amarzul has worked in the Mongolian Government’s Foreign Investment and Foreign Trade Agency (FIFTA). She then joined the resources sector in Mongolia, holding senior management positions in private sector resource companies.

Amarzul is the Executive Director of Petro Matad LLC, which is the first Mongolian Company to be granted a Production Sharing Contract with the Mongolian Government to explore for petroleum over Block XX, a petroleum Block in the far eastern part of Mongolia.

Arshad Sayed, Peabody Mongolia and India.
Mr. Sayed has responsibility for managing all of Peabody’s businesses in Mongolia and India.
Sayed recently completed a four-year appointment as Country Manager and Resident Representative for The World Bank in Mongolia, where he was responsible for policy and program negotiations; developing new lines of business for the bank; and coordinating relationships with the private sector and government.  Sayed represented The World Bank in various positions for more than 15 years.  He served in the bank’s Corporate Strategy Group leading innovation and strategy initiatives, including the globally recognized Development Marketplace program – profiled in the Harvard Business Review as a best practice program in social innovation.  As Senior Strategy and Operations Officer in the Office of the Vice President for Europe and Central Asia, Sayed assisted in oversight of operations and strategy for 24 countries.  His prior experience includes founding a start-up company and working for the Government of Maharashtra in India.

Sayed holds degrees in economics and finance from Bombay University. As a National Scholar, a Master of Public Administration degree from Columbia University in New York, and successful completion of an executive leadership program at Harvard University.

Peabody Energy (NYSE: BTU) is the world's largest private-sector coal company, with 2010 sales of 246 million tons and nearly $7 billion in revenues. Its coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity.

Mr. Bayarbakhdal is the Managing Director of QGX Mongol, the first western company to acquire an exploration license in 1994.  Prior to joining QGX Mongol, he served UNITEL, the second largest mobile operator of Mongolia, as the Chief

Aggressive exploration programs since 1994 allowed QGX Mongol to discover many mineral deposits.  As a result, to date the company holds three mining licenses out of which Baruun Naran, metallurgical and thermal coal property, is the most advanced project located in South Gobi.  As a socially and environmentally responsible corporate citizen, QGX Mongol puts socially and environmentally safe and friendly operation as its highest priority which helped the company to become a benchmark to many exploration and mining companies in Mongolia.

Chris Cowan is Vice President, a Director and one of the founders of Erdene Resource Development Corp, a Canadian based company that has been conducting mineral exploration in Mongolia since 2002. Erdene is currently focused on outlining a large molybdenum/copper deposit in the southwest Gobi and conducting coal exploration throughout Mongolia under an alliance agreement with Xstrata Coal.

Mr Cowan has most recently acted as a minerals consultant providing services to exploration and mining companies worldwide since 1990. He previously spent 28 years with Falconbridge Limited in a variety of exploration, production, senior management and Board positions of affiliated public companies including Director of worldwide Exploration, President of United Keno Hill Mines and Chairman of Indusmin Ltd.
Chris holds a MSc in Geology and is a registered Professional Engineer (Ontario). He first came to Mongolia in 1997.

B. Chuluunbaatar, Monnis International
Mr. Chuluunbaatar founded Monnis International Inc., in 1998 and became  President and CEO. Now, the company has expanded its activities in the Mongolian market and has gained significant market positions in the fields of automotive service (official distributor of Nissan Motor Co., Ltd), mining (official dealer of Liebherr Group since 2002, Terex company since 2007), construction (official dealer of Bomag Group), energy, foreign trade, communication, insurance and air industry with over 500 employees and 7 daughter companies.

David Paterson, Oyu Tolgoi LLC
David Paterson, an Australian native, has been with Rio Tinto for 24 years. David started his career working for a predecessor of Rio Tinto, Conzinc Riotinto Australia (CRA), as a Graduate Mineral Economist. Since then he has worked for a range of Rio Tinto businesses globally and has held positions in operations, exploration, shipping, and at Rio Tinto’s headquarters in London.  Most recently, David spent last 6 years in Darwin as a General Manager in one of Rio Tinto’s uranium businesses, Energy Resources of Australia.  In July 2010 he moved to Mongolia and has served as Rio Tinto’s Country Director.  In January 2011, David’s role grew to and he now also serves as Vice President - Regional Development and Communications at Oyu Tolgoi LLC.  David graduated from Monash University with an Economics degree and gained a MBA from University of Melbourne.  David is based in Mongolia with his family; wife Veronique and a daughter. Their two sons are in Australia.

Enkh-Amgalan Sengee, Vice-President, Energy Resources LLC

Mr. Enkhbat is the COO of Just Group LLC since 2007. Formerly, he was CEO of Mongol Daatgal, insurance and reinsurance company. Enkhbat obtained his MBA from the Australian National University and completed several training programs in management.

Just Group, established in 1999 as a foreign and domestic trading business, has recently been reconstructed into diversified operations in such sectors as oil products import, mining, agriculture, construction, foreign and domestic trading business with a team of 630 people.

 

U. Ganzorig, UMC Holding LLC & Mandal General Daatgal LLC
Mr.Ganzorig has been CEO of a leading insurance company in Mongolia. He has previously been a senior banker and advisor to large banks in Mongolia. Mr.Ganzorig is the President of the Mandal General Daatgal LLC, which is the largest insurer in Mongolia  in terms of equity and 3rd largest insurance company in terms of asset. Mandal General Daatgal LLC is introducing innovative risk management product through multi-national experienced team. 

Mr.Ganzorig has a postgraduate degree in Financial management from Maaschricht School of Business in Netherlands, and BBA in accounting from ICB in Mongolia. He holds ACI Dealing certificate. Ganzorig is an independent Director at Mongolian Stock Exchange.

Justin Kapla, SouthGobi Sands
Justin Kapla is President and Executive Director of SouthGobi Sands and joined the company in October 2010 as the General Manager of SouthGobi Sands Ovoot Tolgoi operation.  Mr. Kapla has over 14 years experience in the mining industry in North America, Mongolia and West Africa.  His Mongolian experience dates back to 2003 when he joined Centerra Gold’s Boroo Gold project, he held various management positions on the project until 2008.   He holds a bachelor of science in metallurgical engineering from Michigan Technological University and a master's degree in international management from the University of Phoenix.

Mark Bailey, Leighton LLC
Mark Bailey is the Executive Director of Leighton LLC in Mongolia. He holds an Engineering degree (civil) and has more than 30 years experience in the mining industry of which the past 27 years have been with the Leighton Group. Mark has spent 11 years in Kalgoorlie, Western Australia before taking on the role of Operations Manager and Mining Manager in Perth and as the Regional Manager – Mining, was instrumental in building a mining business for Leighton Asia Limited while based in Hong Kong. He has extensive experience at the operational, technical and corporate levels of the contract mining industry. Over the years, he has successfully delivered the safety, environmental, productivity and commercial objectives for over 25 significant mining projects covering gold, nickel, iron ore and coal. He has been the driving force behind the implementation and success of numerous alliance/relationship styled contracts which have delivered the safest and lowest cost production, achieving a win/win outcome for both Leighton and the Client.

Mark resides in Mongolia and is responsible the growing Leighton business there.
Mark is an honourary member of Rotary and in 2005 was awarded a Paul Harris Fellow for his service to the community.

 

 

B. Nyamtaishir, Mongolyn Alt Corporation 
Mr. Nyamtaishir is the Chairman of the Board and President of Mongoliin Alt (MAK) Corporation.
He previously worked at the General Authority of National Security, Mongolian University of Science and Technology and Mongolian Construction Company of State Committee for Foreign Economic Cooperation.  He graduated from St.Petersburg Mining University, Russia.

Mr. Nyamtaishir founded MAK in 1993.  MAK  owns about 70 mining and exploration licenses throughout the country of precious and non-precious metals, coal, oil shale and construction materialswhich makes MAK the most diversified national enterprise in Mongolia’s mining sector.

J. Od, MCSJ. Od is President of MCS Group of companies. He previously worked as 1st Secretary, Mongolian Embassy in Washington DC and Foreign Affairs Counsel to Prime Minister of Mongolia. He graduated from Institute for International Relations (Moscow, Russia) and Institute for Foreign Affairs of Oxford University (UK). He also serves as Honorary Consul to Denmark.

The MCS Group was founded in 1993 as the first Mongolian private consulting company in the energy sector. The company has successfully expanded its business operations in such diversified fields as energy and infrastructure, information and communication technology, beverage manufacturing and distribution, wholesale and retail, property development, construction and printing. The MCS Group has over 3.100 employees and has been ranked as one of the top five taxpayers for the last several years.

Mr. Randolph S. Koppa, Trade and Development Bank
Mr. Koppa is President of Trade and Development Bank of Mongolia. He came to Mongolia in 2004 as part of the management and technical assistance program provided to TDB by ING Bank.

Mr. Koppa also serves as Chairman of the Mongolian Mortgage Corporation (MIK) and is a member of the Board of Directors of the Business Council of Mongolia and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).
Mongolia represents Mr. Koppa’s twelfth country in his 43 year international banking career. He is a graduate in International relations from the University of Wisconsin.

Trade and Development Bank is Mongolia’s oldest bank and the leader in corporate lending, trade finance, payments and foreign exchange business in the country. In addition, TDB serves Mongolians with top quality personal banking services including cards, electronic and SMS banking. TDB holds the rare distinction of being voted “Best Bank in Mongolia” two times in a row by “The Banker” and was awarded “Best Bank of the Year”, “Grand  Prix in Banking and Financial sector of Mongolia”, “Best Business Entity for its Social Responsibility”, “Best Tax Payer” and many more by different international and local organizations.