The executive director of the “Erdenes Mongol Company” B.Byambasaikhan has been appointed as the third member of the board of directors of the Oyu-Tolgoi Company (OT). Previously, D.Ganbold, G.Temuulen, and Ch.Otgonchuluu have been working as members of the OT board. In April 2015, one of them, G.Temuulen, who had previously been a Minister of Mining requested to resign from his position on the board.
Last Friday, the decision to appoint B.Byambasaikhan as a member of the board, instead of G.Temuulen, was resolved. It can be noted that Mr. B.Byambasaikhan is one of the officials, who participated in the signing of the contract for OT “Phase Two” (Underground Mining Construction)”.
Byambasaikhan is the Chief Executive of Erdenes Mongol LLC, an investment holding company of the Government of Mongolia, which executes its 34 per cent ownership in Oyu Tolgoi LLC. He is a business executive with experience in infrastructure, energy and natural resources. He managed and closed several high profile energy transactions in Asia, including Mongolia’s first IPP and wind farm in 2012.
Prior to joining Erdenes Mongol, Byambasaikhan led an Ulaanbaatar-based investment management and advisory firm, NovaTerra LLC. Byambasaikhan also chairs the Business Council of Mongolia, an association of 260 international and Mongolian investors. He serves on the boards of Green Buildings Council, Arts Council, is a trustee of Zorig Foundation USA, and Vice-President of the Mongolian Archery Association. Byambasaikhan is a graduate of the National University of Mongolia, and the George Washington University. In 2014 he was recognized as a Young Global Leader by the World Economic Forum.