Bcm corporate brochure issue 17

2016
1
THEBUSINESSCOUNCILOFMONGOLIA

2016
3
2016
2
CHAIRMAN’S MESSAGE
OUR MISSION
To be the premier business association in Mongolia dedicated to meeting the critical needs of its members,
namely:
• To get more business such as profits, clients;
• To obtain information critical to their businesses;
• To have a legal and regulatory environment conducive to their businesses.
The Business Council of Mongolia aims to
make constructive contributions to enhancing
the business environment in Mongolia and
works to foster trade and business relations by
providing a networking forum for its members.
We sponsor, partner and host Mongolia’s
leading investment conferences locally and in
foreign countries.
BCM works closely with the Government
of Mongolia, private sector, embassies,
NGOs, special interest groups and business
associations. Approximately 370 individuals
from members are volunteers on BCM’s
working groups which identify issues and
make recommendations for BCM’s advocacy.
We have or will make strategic alliances with
sectoral organizations for substantial progress
in representing and advocating the collective
interests of our members.
The BCM stands to help you unfold new
potentials and maximize the ensuing benefits
for its members and for the Mongolian society.
In the years ahead the BCM will continue to
be a resourceful depository of information,
business exchange and consultation. BCM will
remain a prime source for our members to
assist with visionary business and investment
decisions.
BCM is your, our and members’ organization.
Our mandate is to serve your business and
investment needs. We always welcome your
suggestions and contributions to make the BCM
efforts more effective. I take this opportunity
to thank our working groups and the staff of
BCM for their hard work and dedication.
Chairman, Business Council of Mongolia
BYAMBASAIKHAN Bayanjargal
January, 2016

2016
5
2016
4
BOARD OF DIRECTORS
In September of 2007 a group of committed business people in Mongolia met to form the Business
Council of Mongolia. Our initial organizing Board of Directors composed of 7 members represented a
cross-section of the business and economic mainstays of our economy. This organizing Board has been
named as BCM’s Executive Committee, now with 9 members, as the Board of Directors has expanded
to a total of 22 current directors.
Byambasaikhan is the CEO of Erdenes Mongol LLC, the
nation's largest investment holding company comprise of
Erdenes Tavan Tolgoi JSC, Oyu Tolgoi LLC, Erdenet Mining
Corporation, Shivee Ovoo JSC, and Baganuur JSC. He also
chairs the Business Council of Mongolia representing 250
active entities.
In 2013, Byambasaikhan co-founded NovaTerra LLC, an
investment, project management and financial advisory firm
in UB. Developed and built first wind farm / IPP in Mongolia
as CEO of a Mongolian technology investor. Financed energy
projects in Central Asia with Asian Development Bank.
Currently: Adviser (ex-officio) to the President of Mongolia
and the Prime Minister; board member: Oyu Tolgoi LLC,
Arts Council of Mongolia; Zorig Foundation USA, chair:
Mongolian Economy Magazine advisory board. Honorary
Consul of South Africa in Mongolia. Vice-president of the
Mongolian Archery Association. Sponsors the Environmental
Fellowship Program. Graduate of George Washington
University and the National University of Mongolia.
Byambasaikhan is an infrastructure project financier and
business executive, managed investments for public and
private sector clients. Structured power plant, transmission
and distribution investment transactions ($4bln) and lead
multidisciplinary project teams in emerging Asian markets.
Financed power projects and corporate deals through
international and bilateral financial institutions, ECAs
and carbon funds. Chaired the board of Mongolia’s
largest telecom company. Established JVs with GE,
SoftBank. Structured financing for a copper processing
plant in Mongolia. Appreciates delicate cross-cultural
communications in government and business.
Byambasaikhan
Bayanjargal, Erdenes
Mongol – Chairman
Pete Morrow is a resident of Mongolia and was CEO of
Khan Bank from 2000 to 2010. He has been a banker and
financial consultant for 40 years, working in the United States
and ex-socialist countries. He serves as Vice Chairman of the
North America-Mongolia Business Council, Vice Chair of the
Arts Council of Mongolia and various other corporate and
NGO boards. Pete is the founding Chairman of American
University of Mongolia (AUM), which intends to offer a liberal
arts based, U.S.-style education in Ulaanbaatar.
J. Peter Morrow,
NovaTerra - Founding
Chairman
EXECUTIVE COMMITTEE
Randolph was elected as Vice Chairman of the Business
Council of Mongolia in October 2013. He 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 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).
Randolph Koppa,
Trade and Devel-
opment Bank - Vice
Chairman
Mongolia represents Mr. Koppa’s 12th 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.
Laurenz Melchers is co-founder and Chairman of MSM
Group. He was a Mongolia resident from 1997-2014 and
now lives in Hamburg, Germany while visiting Ulan Bator
frequently. Laurenz was Chairman of BCM from 2010 to
2012. MSM (www.msmgroup.mn) is a Trade and Service
company, active in the following fields of business: Mining
& Construction Supply, Automotive Retail and Service,
Chemicals Formulation and Supply, Agricultural Machinery
Sales and Service and Beverage Distribution. MSM is known
for quality of Services and Products and is the General
Agent in Mongolia for many reputable brands including:
Mercedes-Benz, BASF, John Deere, Atlas Copco, Moet
Hennessy and others. Laurenz also acts as Mongolia country
representative for the Hamburg based German-Asia-Pacific
Business Association (OAV).
Laurenz Melchers,
MSM Group -
Former Chairman
Jargalsaikhan Dugar, Chairman and CEO of the MIH Group,
is an established entrepreneur, business leader, and long-
standing public servant in the Mongolia Federal Government.
He began his career as a researcher with the institute of
Geology and Mining in 1983. He later held various positions
of authority including Officer of the Ministry of Geology
and Mining, head of the Mining Department at Ministry of
Heavy Industry, Vice President Finance of the State Owned
extraction company Mongol Erdene Holding, Chairman of
the Mineral Resources Authority of Mongolia, and Head of
the Geology and Mines Department of the Ministry of Trade
and Industry. Jargalsaikhan holds a BSc in Mining Economics
from the Moscow State University of Economics Statistics and
Informatics, specialized training from the Colorado School
of Mines and has been awarded an Honorary MBA from
the University of Science and Technology of Mongolia. Since
entering the private sector Jargalsaikhan has focused on
building the MIH Group LLC, of which he is now CEO and
Chairman. MIH Group is one of Mongolia’s most successful
private enterprises with multi-market activities in established
and developing sectors. Among these are Mongolia’s first
life insurance provider, first venture capital firm, investment
banking and brokerage services, commercial and residential
construction, property maintenance services, real estate
leasing, food and beverage production, and agricultural
manufacturing. The Group now comprises more than
20 subsidiaries and affiliated companies with over 200
employees combined. Mr. Jargalsaikhan is the Chairman
of the Young Researchers Foundation at the School of
Computer Science and Management of Mongolia, held a
four year term as the President of the MNMA, and is the
current President of Mongolian Federation of Checkers.
Jargalsaikhan D -
MIH Group
EXECUTIVE COMMITTEE (Cont’d.)
Sumati Luvsandendev graduated from Moscow State
University in 1979 in applied mathematics. From 1979 to
1994 he worked as a researcher in Mongolian Academy of
Sciences. After the collapse of the socialist state institutions
he joined the non-government sector. Since 1994 Sumati
has headed the Sant Maral Foundation which under his
leadership has become one of the prominent research
centers in Mongolia. Sumati had participated as a board
member in various NGOs activity such as Mongolian Open
Society Forum, Transparency International - Mongolia, Art
Council of Mongolia and BCM.
Andrew Woodley joined Oyu Tolgoi in October 2014. He is
the President and Chief Executive Officer of Oyu Tolgoi. His
responsibilities cover all aspects of the Oyu Tolgoi business
including safety, strategy, operations and growth initiatives.
Andrew has 19 years of experience with Rio Tinto in a range
of mining, minerals processing, and smelting leadership and
commercial roles. Prior to joining Oyu Tolgoi, he was the
Managing Director for Rio Tinto Coal Mozambique and
Country Head for Rio Tinto in Mozambique. He has held
the role of General Manager Operations at the 7.5mtpa
capacity Hail Creek open cut coking coal mine in the
Bowen Basin, Queensland, and has served as the Executive
Assistant to the Chief Executive and Chairman of Rio Tinto.
Prior to joining Rio Tinto, Andrew worked in exploration in
Canada, as well as management consulting in mining, and
manufacturing in Australia, New Zealand, Malaysia and
the USA. He has established and operated three business
ventures, and has a Mining Engineering degree from the
University of New South Wales, Australia, and an MBA
from Wilfrid Laurier University in Canada. Since moving to
Mongolia, Andrew has played a full and active role in the
Mongolian business community. He posts about his work
as President and CEO on Twitter at Twitter.com/CEO_
OyuTolgoi.
Andrew Woodley -
Oyu Tolgoi
Bayar B - Law Firm
of ELC LLP Advocates
Bayar Budragchaa graduated from the University of
St. Petersburg of the Ministry of Interior Affairs, Russian
Federation with a Bachelor of Law degree (1985) and the
School of Law, University of Auckland, New Zealand with
a Master of Laws degree (1997). Besides his 12 years of
experience in law enforcement organizations he has been
working as attorney for 16 years. Mr. Bayar is a member
of the Mongolian Bar Association and the International Bar
Association.
Sumati Luvsandendev,
Sant Maral
Foundation - Former
Vice Chairman
Bold Magvan was appointed as the Chief Executive Officer
of XacBank LLC in July 2014. Bold has been with XacBank
and its holding company - TenGer Financial Group- since
2005. Prior to his current appointment, Bold worked as the
CEO and an executive director of TenGer Financial Group
in 2011-2014, as the CEO of XacBank in 2009-2011 and
as the President in 2005-2009. Bold is a senior banking
professional with almost 30 years of experience including his
engagements with global financial institutions as the World
Bank and the International Monetary Fund. From 1996 to
2000, Bold was the Deputy Governor of the Bank of Mongolia
Bold M –
Tenger Financial
Group, XacBank
(Central Bank). In his prior professional career, he served as
chief executive officer of the Mongolian Export-Import Bank,
member of the boards of the International Investment Bank
and the International Bank for Economic Cooperation in the
Russian Federation and advisor for Da Afghanistan Bank
(Central Bank), Islamic State of Afghanistan.
Bold holds a Master’s Degree in International Affairs with a
major in economic policy management from the Columbia
University, New York. Bold served as the Vice President of
the Mongolian Bankers Association in 2007-2011 and as
the President in 2011-2014. Bold currently serves also as the
Honorary Consul of the Republic of Iceland in Mongolia.

2016
7
2016
6
Amarzul T - Petro
Matad
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.
Achit-Erdene D -
Mongolia
International Capital
Corporation
BOARD OF DIRECTORS BOARD OF DIRECTORS (Cont’d.)
Amarzul T is a Mongolian citizen, educated in Singapore.
Amarzul 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
Board member & Executive Director of Petro Matad. Petro
Matad Limited is the parent company of a group focused
on petroleum exploration as well as future development
and production in Mongolia. The Group’s assets consist of
Production Sharing Contracts over Matad Block XX (10,340
km2 in eastern Mongolian), and Bogd Block IV and Ongi
Block V (total 50,000 km2 in southwestern central part of
Mongolia). Petro Matad is the first substantially Mongolian-
owned company to list on an international stock exchange.
Bold Baatar assumed accountability for Rio Tinto’s Iron Ore
Sales and Marketing in July 2015, in addition to the role
of managing director Marine which he has held since May
2014, leading Rio Tinto’s ocean freight business. Bold is
also a member of Rio Tinto’s Iron Ore Executive Committee.
Previously, Bold was the President of International Operations
for the Rio Tinto Copper group based in London. In this role
he was accountable for a diverse portfolio of both green
field and operating sites including Palabora in South Africa,
Northparkes in Australia, nickel project in Indonesia, copper/
gold deposit in the USA and coal operations in Mongolia.
Before joining Rio Tinto, Bold served as an advisor to the
Group on its investments in Oyu Tolgoi, copper and gold
mine in Mongolia. He also held senior leadership positions
with a gold mining company and a diversified investment
management business in Mongolia. Prior to that he has
Bold B - Rio Tinto
worked in New York, London and Moscow for JPMorgan as
an investment banker for over 11 years involved in leveraged
buyouts, mergers and acquisitions and IPOs. Bold graduated
from Mongolian Technical University with a Bachelor of
Industrial Engineering and also holds an MBA degree from
the University of Bridgeport, USA.
Betina Moreira Infante has worked in marketing
communications, public affairs and public relations in the
Americas, Europe and Asia for over 25 years. Working with
private, public and non-governmental institutions, Betina
has conceived and implemented communications strategies
that have influenced opinions, changed behavior and
built brand value. In 2008, Betina launched Breakthrough
Public Relations (now Breakthrough Communications), a
specialized PR and marketing communications agency, and
the first international agency in Mongolia. In the early years,
Breakthrough’s client list was comprised exclusively of mining
and energy clients that needed strategic communications
and stakeholder engagement. In 2011, Breakthrough signed
a strategic alliance with Ogilvy expanding Breakthrough’s
offerings, network and ability to service clients worldwide.
Betina leads a team of local and international professionals
Betina Moreira
Infante - Break-
through Communi-
cations
Ganzorig was recently appointed as the first President of
Golomt Bank and he also continues as Chairman of the
Mandal Daatgal LLC, which is owned by Golomt and
UMC. Mandal is the largest insurer in Mongolia in terms
of equity and 3rd largest insurance company in terms of
assets. Mandal Daatgal LLC is introducing innovative risk
management products through a multi-national experienced
team. He has previously been a senior banker and advisor to
large banks in Mongolia. 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 an ACI Dealing certificate. Ganzorig is
an independent Director of the Mongolian Stock Exchange.
Ganzorig U - Mandal
Daatgal, Golomt Bank
Daniel has worked and resided in Mongolia since 1997 as
a partner in the law firm of MahoneyLiotta. Mr. Mahoney
received his Bachelor of Science in Management degree,
with high honors, from Tulane University of Louisiana, where
he was a member of the Tulane Scholars and Honors
Program and Beta Gamma Sigma honorary business
fraternity. He then received his Juris Doctor degree, with high
honors, from George Washington University in Washington
DC. MahoneyLiotta advises and assists clients in structuring
business transactions and relationships and in accessing the
capital markets to obtain financing for ventures and projects
in Mongolia.
Daniel Mahoney –
MahoneyLiotta
who provide 360° communications services to clients in key
growth sectors. The services range from community and
stakeholder engagement, brand and reputation management
to marketing communications, creative content development,
media relations, and social media management. Prior to
launching Breakthrough, Betina helped pioneer the U.S.
Agency for International Development’s development
outreach and communications functions, institutionalizing
communications as an integral component of the U.S.
foreign development assistance program at USAID. She
established the first full-functioning Development Outreach &
Communications Office in Serbia & Montenegro that served
as an agency-wide model. In Indonesia, she developed
an award-winning campaign for USAID that changed the
way tsunami-affected populations and the general public
viewed the U.S., turning predominantly negative sentiments
around. While at USAID she provided technical assistance
and communications training to USAID missions across
Southeastern Europe, Russia, and South Asia.
Harris Kupperman is the founder of Praetorian Capital,
a hedge fund focused on using long-term macro-trends to
guide stock selection. Mr. Kupperman is also the Chairman
and CEO of Mongolia Growth Group (YAK: Canada and
MNGGF: USA), a publicly traded company focused on
gaining leverage from the rapid growth of the Mongolian
economy. In addition, Mr. Kupperman is the chief adventurer
at AdventuresInCapitalism.com
Harris Kupperman-
Mongolia Growth
Group
Hulan is Executive Vice President, Tavan Bogd Group of
Companies which she co-founded with her husband, Ts.
Baatarsaikhan. Formerly she was Vice President, Trade and
Development Bank, and Sales Manager of the representative
company of Gobi Cashmere in Tokyo, Japan. Hulan
obtained her Bachelor’s degree in International Economics
at Moscow Finance University and an MBA at Mongolian
National University. Currently Hulan is also member of the
Board of Directors of Khan Bank and Gobi Corporation,
where Tavan Bogd Group has shareholding stakes. She
serves as Honorary Consul of Luxembourg to Mongolia.
Tavan Bogd Group is a diversified enterprise with interests in
manufacturing; trade & services; consumer goods; travel &
tourism. Most recently Tavan Bogd became a sales agent of
Toyota Corporation and a franchisee of KFC and Pizza Hut
brands in Mongolia.
Hulan D - Tavan
Bogd Group
Mark Bailey is the Executive Director of Thiess Mongolia
(former Leighton LLC). He holds an Engineering degree (civil)
and has more than 30 years of 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
Mark Bailey – Thiess
Mongolia
Benoit Ribesse -
ENGIE Mongolia
Benoit Ribesse has 21 years of managerial and technical
experience in the fields of power generation and water
treatment processes. Since 2014 Benoit is in charge of the
Representative office of ENGIE (the new name of GDF SUEZ)
in Ulaanbaatar and is leading the Business Development
activities in the energy sector of Mongolia. He is Managing
Director of CHP5 LLC, a project vehicle incorporated by
GDF SUEZ, Sojitz Corporation, Posco Energy and Newcom
Group and has been actively working on the development of
the Power Plant number 5 (“CHP5”) project since 2011. Before
moving to Mongolia, Benoit was Vice President Operations
for IPR- GDF SUEZ based in Bangkok, managing technical
& operational aspects of business development activities, as
well as relations with suppliers and support construction and
plant design improvement. He has been actively involved
in projects in Mongolia, India, and Indonesia. From 2008
to 2011, Benoit was working as Vice President Operations
at the Head Quarters of the GDF SUEZ Branch Energy
International providing support to the Business Development
Oversight process, in particular for projects developed in
Saudi Arabia, Morocco, Abu Dhabi, Indonesia, and Vietnam.
Before joining GDF SUEZ Group, Benoit has been managing
projects over a period of 14 years in the energy (generation
and Rational Use of Energy), and environment (process
water and sewage water treatments) sectors including
design, construction and operation activities. He holds a
Master degree in Chemical Engineering from the Universite
Libre de Bruxelles.

2016
9
2016
8
Norihiko Kato -
Khan Bank
Norihiko Kato started serving Khan Bank as Acting CEO
in November 2011 and was appointed CEO in September
2012. In 2009 and 2010 he worked at Khan Bank as Senior
Advisor and then Managing Director for corporate banking.
Norihiko has extensive banking business experiences of
28 years at The Bank of Tokyo - Mitsubishi UFJ (BTMU)
in corporate banking and corporate planning. He took
management positions at BTMU in the Middle East, the
Netherlands, the USA and Japan. Norihiko obtained a BA
in economics from University of Tokyo and a MBA from
UCLA. He has wife and two sons. Khan Bank is the leading
bank of Mongolia with a well-diversified business portfolio
of retail, SME, and corporate. It has the largest branch
network of 540 online offices throughout Mongolia. With its
4,600 professional staff, Khan Bank provides its 1.8 million
customers in all parts of the country with innovative banking
services.
Stephen J. Potter –
Wagner Asia
Tumentsogt Tsevegmid is Executive Director of General
Electric (GE) in Mongolia since May 2011. His responsibilities
include representing, promoting and protecting GE’s interests,
carrying out business liaison, conducting market research
and study, exploring and developing business opportunities
in Mongolia. Some recent projects include supplying wind
turbines for Mongolia’s first grid connected Salkhit wind
park, supplying SuperSkids locomotives for Ulaanbaatar
railways and supplying of healthcare equipment.
Tumentsogt worked at the World Bank from 2007 to 2011
and managed projects in energy, renewables, urban, water
supply, and air pollution and contributed to several analytical
studies. Tumentsogt held various positions at the Government
of Mongolia, including Advisor to Minister of Fuel and Energy
of Mongolia, Ministry of Infrastructure of Mongolia and State
Property Committee and his responsibilities included energy
policy & planning, restructuring, private sector participation,
management of state owned assets, NEA regional energy
cooperation. Tumentsogt served as a Commissioner at the
Energy Regulatory Authority (ERA) of Mongolia and dealt
with issues of power sector regulation, licensing of energy
activities, tariff setting, consumer rights, developing power
market rules. Tumentsogt was also appointed as a President
of CEO Club in 2014. Tumentsogt holds Master’s in Electrical
Steve Potter joined Wagner Asia Equipment as Managing
Director in August 2011 after 40 years of management
experience with Caterpillar and Caterpillar Dealers in 10
countries spanning the UK, Middle East and Asia. Steve
earned a BA (Hons) in Economics from the University of
Keele, an MBA from the Scottish Business School, University
of Edinburgh. He also has a Mining Diploma from the
Colorado School of Mines and Safety & Environmental
Diploma from the Indonesian Ministry of Mines. Wagner Asia
Equipment is the authorized dealer for Caterpillar mining,
construction and power generation equipment and since
commencing operations in Mongolia in 1996 has become
the largest distributor and rental company in the country,
with a reputation for quality products and support services.
The company runs the largest technical training institute
in the country and typically graduates 200 Mongolian
apprentice technicians annually. Wagner also operates the
largest equipment leasing company in Mongolia and is a
leading automotive distributor representing Ford and Land
Rover. Mr. Potter is also Executive Director of Wagner Asia
Group Ltd and South Gobi Mining Services LLC and sits on
the Board of the USAID-BPI sponsored QSDC, an NGO
that helps develop Mongolian SME’s.
Tumentsogt T -
General Electric
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
and is responsible for growing Thiess’s business in Mongolia.
Leighton LLC was changed to Thiess Mongolia in 2015. Mark
is an honorary member of Rotary and in 2005 was awarded
a Paul Harris Fellow for his service to the community.
BCM ADMINISTRATION
Jim co-founded BCM and was appointed Executive
Director to manage its activities upon formation
in September 2007. He lived in New York City and
worked for Wall Street-based firms as an investment
banker specializing in Mergers & Acquisitions since
the 1970’s including the position as Global Head of
M&A for Union Bank of Switzerland (UBS). Mr. Dwyer
relocated to Ulaanbaatar in May 2001 to manage
the successful privatizations of Mongolia’s two largest
commercial banks, Trade & Development Bank and
Khan Bank, and served pro bono as Chief Operating
Officer of NAMBC-Mongolia from 2003 until the
formation of BCM. Jim graduated with a BBA from
the University of Notre Dame and an MBA from
Columbia Graduate School of Business, where he also
served as Past-President of its Alumni Association. He
also serves as an Independent Director of Mandal
General Insurance; Independent Director of Mongolia
Growth Group Inc; Chairman & President of Mongolia
Education Foundation; and Chairman of Mongoljin
Private Capital Limited, the Sponsor of the Mongolia
Development Finance Fund.
Jim Dwyer -
Executive Director
Bayarmaa was appointed as BCM’s Vice Director
in June 2014 with a focus on external relations,
advocacy, public outreach, project development and
organizational management. Prior to this, she was
specialized in carbon finance at Clean Energy LLC
working on the first wind farm project in the country
and on the World Bank project implemented at the
Ministry of Environment. She has work experience
in private, public sector and international financial
organizations, and gained skills in project development,
management, procurement and finance. Her prior
experience include 8 years of research experience on
climate change mitigation, emission trading and market
based offset mechanisms. She is a Chevening alumna
and graduated from the University of Oxford in MSc in
Nature, Society and Environmental Policy, and from the
National University of Mongolia in BA in International
Relations. Besides her Russian educational background,
she studied in Japan at Akita International University
and in Turkey for pre-master’s course.
Bayarmaa A -
Vice Director
Saruul joined BCM in June 2010 and was named
Project Manager in February 2013. She manages
BCM's membership campaigns, conferences and special
projects. She holds her Bachelor's degree of Linguistics
from the University of the Humanities, Mongolia and
a License degree in LEA (Affiliated Foreign Languages
- specialized in International Commerce) from the
University "Le Mirail", Toulouse, France. Saruul previously
worked for one year as an Officer in the Department
of Foreign Relations in the Ulaanbaatar City Governor's
Office. She's been serving as a Continental Judge of
Archery since 2013. Saruul was officially certified as an
International Judge by World Archery in June 2014,
USA.
Saruul E -
Project Manager
Tuguldur was named BCM’s Office Manager in
November 2007 in charge of day-to-day administrative
affairs of BCM. She holds her bachelor’s degree of
Linguistics from the University of Humanities and a
master’s degree in International Relations from the
National University of Mongolia. Tuguldur previously
worked for two years for the Alliance Francaise
Mongolia as secretary.
Tuguldur B -
Office Manager
BOARD OF DIRECTORS (Cont’d.)
Engineering from Moscow Power Engineering Institute
(Russia, 1993), and Master’s in Public Affairs from Indiana
University (USA, 2001).

2016
11
2016
10
BCM ADMINISTRATION
Battur received a PhD in agricultural science from
Hokkaido University in 2010. He has studied Mongolian
dzud for his thesis. He is working for BCM since
2011. In addition to his BCM work he is a free-lance
business coordinator and translator for international
companies that have interest in Mongolia. His clients
include Cameco Mongolia, SIAR Consulting, Skill Tech
Global and Japanese companies such as Mikasatokai,
Ichikawa Kankyo Engineering, Fujiki Tekkou. He knows
English, Japanese and Russian.
Battur S - Assistant
Editor
Otgongerel joined BCM as Partnership Manager in
2014. She works in developing and implementing new
partnership initiatives, marketing and coordinating
media and public relations activities. Otgongerel has
worked as translator, project administrator and public
relations specialist in number of international projects
and programs funded by Swedish Development
Agency, European Union and US Millennium Challenge
Corporation. She has Bachelor Degree in English-Russian
translation from Institute of Humanitarian Science and
Master Degree in Organizational Communication from
Gothenburg University of Sweden.
Khulangoo joined BCM as a Working Group
Coordinator in 2015. She has Bachelor degree in
linguistics from University of the Humanities. Khulangoo
works in coordinating 8 working group activities with
approximately 370 volunteers from BCM members,
organizing BCM in the University Classroom series and
advocating BCM activities to the public. Previously,
Khulangoo has worked at MCA-Mongolia as Acting
COO, Director of Property Rights Project, private
sector, TV & media and development projects among
others. Moreover, pursuing her passion for films, she
studied film directing at Raindance film school in
London, UK.
Otgongerel Kh -
Partnership
Manager
Khulangoo P -
Working Group
Coordinator
Terrence has been in Mongolia since 2009. Mr. Edwards
came to Mongolia with a background in Journalism to
serve with the U.S. Peace Corps teaching English as
a Foreign Language (TEFL) volunteer in Uyanga Soum,
Uvurkhangai Aimag. After finishing his service with the
Peace Corps in 2011, he joined the BCM staff as Editor-
in-Chief of BCM's NewsWire. In addition to his duties
as editor, Mr. Edwards is a reporter for the Thomson
Reuters news agency and is a regular contributor for
the publication Business News Europe (BNE) and Nikkei
Asian Review.
Terrence Edwards -
Editor-in-Chief
MONTHLY MEETING JUNE, 2015
The first speaker of the evening was David
Soumbadze of the Rumsfeld Foundation, to discuss
the recent gathering of Central Asian nation
fellowship awardees at the CAMCA Regional Forum
in Ulaanbaatar for experience sharing of their strides
toward development. “The idea is to bring together
young potential leaders,” he said. A chief function
of the Rumsfeld Association was introducing these
future leaders to the political culture in Washington
DC “to show them how complex processes of opinion
making, decision making and policy making works.”
Once in D.C. these fellowship visitors, some 120 to
date including 11 Mongolians since inception in 2007,
have met with the likes of former president George W.
Bush and former U.S. Treasury head Alan Greenspan.
“We think this is a very good way of connecting
young future leaders of this very important region of
the world,” he said.
Next up was Andrew Stewart, chief executive officer
of Xanadu Mines Ltd., to discuss the developments
made of its mining assets. “Despite tough times in
Mongolia, there's still active exploration,” he said.
Xanadu is focused on copper and gold deposits, most
recently announcing a high-grade content of 3 percent
copper ore at its Kharmagtai Copper-Gold Project.
“It's a large resource and growing,” said Stewart.
Suvdmaa Munkhzaya, managing director of Precom
Co.,Ltd., presented third that evening, with a
presentation titled “Meat export: Mongolian pipe
dream.” Although Mongolia has strong prospects for
growth, with high-rising demand in Asia, the country
lacks the skills and technological capacities to tap into
that potential today. “Just imagine that in the next
three years, potential could reach 100,000 tons of
meat,” said Suvdmaa, adding, “but it all comes down
to animals disease. Outbreaks of Foot and Mouth
disease have in the past resulted in exports bans from
Russia, but it’s not an uncommon issue and it can be
managed, she said. It will take a concentrated effort
from government “to fulfill its fundamental duty to
create the correct legal environment.”
Applus Velosi Executive Director Michael Marshall
gave the final presentation of the evening, on how a
head-hunting company is expanding into engineering
services for some of Mongolia's most important
development projects. The company is rooted in the
JDA recruitment firm, which is “synonymous with the
mining industry in Australia, also the world.” Applus
builds upon the experience JDA had already built in
Mongolia. For example, it will bring direct benefit to
the Salkhit wind farm by drawing from the experience
of personnel from the Salkhit wind farm project,
Mongolia's first wind farm, which accounts for up to
5 percent of energy in the country.
BCM MONTHLY MEETING
RECAPS
The BCM meeting on 22 June was held at the Shangri-
La Hotel with Executive Director Jim Dwyer as the
meeting's host. In attendance were 130 members and
invited guests.
BCM's three newest members are:
1. Bureau Veritas S.A. is a global company in testing,
inspection and certification services.
2. Monrud LLC- A leading Mongolian services provider
to the mining and exploration sector. Monrud
specializes in designing, constructing and managing
field camps for operations of varying size in remote
locations across the country.
3. Sopoco LLC – A PV module manufacturer and solar
system installer based in Ulaanbaatar. The company
was established in 2011. Its main products and services
are solar panels, renewable energy products and
solutions.
Executive Director Dwyer gave an update on the
activities of BCM's Legislative Working Group.
Recently it has run an analysis of drafts of the Labor
Law bill to be debated by Parliament. The efforts
of 40 volunteers have helped to find that it was
detrimental to businesses, employees and the State
fiscal budget, and BCM has sent a letter to Mongolia's
76 Parliament members to better inform them of the
bill's deficiencies. “We've asked for a sufficient and
proper period for public comment of 60-90 days,”
said Legislative Working Group member Doug McGay.
M. Bold, former head of the Mongolian Bankers
Association (MBA) and CEO of XacBank, commented
on several of the problems with the draft bill about
which the MBA has alerted numerous government
officials and entities.
In attendance was Steve Saunders, the head of BCM's
brother group, the North America-Mongolia Business
Council (NAMBC). “As you work your way so ably
through your 8th year, I'm just grateful to have this
opportunity on behalf of the NAMBC to express on
behalf of our board of directors, on which a good
number your board serves, our deep appreciation of
the essential role that BCM plays in trying to improve
the business environment in Mongolia.”
Best Company of the Year-Oyu Tolgoi at BCM Renewal Dinner,
2015.11.02
Best Working Group of the Year-Education WG at BCM Renewal Dinner,
2015.11.02
BCM Monthly Meeting, June 2015 BCM Monthly Meeting, June 2015

2016
13
2016
12
The BCM meeting on 24 August was held in the Crystal
conference room in Blue Sky Tower and Hotel with
Chairman Bayanjargal Byambasaikhan as the meeting's
host. In attendance were 110 members and invited
guests.
BCM's four newest members are:
1. CIM Bank is a leading Swiss private bank based in
Geneva, Lugano and Wollerau, Switzerland and controls
Primorska Banka in Croatia.
2. Erdenes Mongol LLC is the nation's largest investment
holding company comprised of Erdenes Tavan Tolgoi
JSC, Oyu Tolgoi LLC, Erdenet Mining Corporation, Shivee
Ovoo JSC, and Baganuur JSC. The 100 percent state-
owned company was established in February 2007 and
represents the government of Mongolia's interest in
strategic deposits.
3. Executive Excellence International Business Center
(EEIBC) is committed to providing support to present and
potential businesses in Mongolia via rendering different
services of teleconferencing facilities, virtual office
services, conference and executive suites’ rentals, and
high quality business support services to help make our
clients succeed.
4. Ambassador La Porta retired from the U.S. Foreign
Service in the fall of 2003 after 38 years of service in
the Department of State and an overall U.S. Government
career of 44 years. Mr. La Porta served as U.S.
Ambassador to Mongolia from 1997-2000.
Executive Director Jim Dwyer opened the meeting with
a few words on the BCM Business Growth Index, which
was released this month showing members' opinions
on the current business environment in Mongolia. The
Sant Maral Foundation took the results of the survey
and compiled the data for an overall temperature of
the business climate, where cold temperatures represent
negative sentiment and hot represents positive. The June
2015 quarter's temperature of 3.4 degrees Centigrade
indicated a rather chilly sentiment.
Speaking first was Anthony Woolley, a senior associate
at Hogan Lovells LLP, summarizing the recent legislative
changes made at the end of the Spring Session of
Parliament. Most impacting business was the Law to
Support Domestic Production and Law on Promoting
Economic Transparency. The first sets the conditions for
government support of businesses that produce goods in
Mongolia through subsidized loans for reduced interest
MONTHLY MEETING AUGUST, 2015 rates, one time payments for companies planning to
utilize cutting-edge technology and financing for the
launch of exports by local companies. Some preferential
treatment is given to companies that are listed on
the Mongolian Stock Exchange, sourcing at least 60
percent of resources consumed for production locally, or
operating with government partnerships.
The Economic Transparency Law, on the other hand,
gives companies that have not yet been identified by
government as being behind on tax payments the
opportunity to pay tax without penalty. The goal is to
collect more tax revenue during a year of economic
hardship while combating the “gray” economy. Changes
to value-added tax (VAT) conditions have also been
made, with the threshold for a company's annual
earnings before having to pay the tax raised from MNT10
million to MNT50 million. Voluntary VAT payments are
still available.
Next to speak was Lee Cashell, Chief Executive Officer
of Asia Pacific Investment Partners (APIP), to discuss his
experience building up successful real estate projects
such as the Regency Residence, while watching so many
others fail. Opened in 2010, Regency has perhaps the
fastest sales turnover in the city, said Cashell. On one
occasion he saw a unit go for sale at 09:00 and be sold
just eight hours later. But for many it takes at least five or
six months to sell a unit in the city, he said. One reason
is because the real estate industry grew more quickly
than people's income. “Developers built too much for
the absorption of people's incomes,” said Cashell. When
looking to develop new projects, such as the recently
announced Circus Residency, he puts thought into ideas
beyond the architecture. Questions such as: “Where's the
sun?” “Where's the wind coming from?”
The final speaker was Jennifer Bielman, country director
for MercyCorps Mongolia, to discuss the 15-year history
of the international humanitarian and development
NGO in Mongolia. “Our focus historically has been in
rural Mongolia—largely with small businesses.” Mercy
Corps first arrived in Mongolia in 1999 with a focus
pastoralism and observing dry-land production in the
Gobi Desert. Today it focuses nationwide on rural
development, providing businesses with access to
finance, environmental management, governance and
decentralization. Although the country experienced
a period of rapid economic growth, no industry has
kept up with the development of mining, she said. The
agency will continue to focus on rural provinces and
local communities for its programs, with the hope of
establishing some “legacy programs” that would see
local groups take over projects it launches.
MONTHLY MEETING SEPTEMBER,
2015
The BCM meeting on 28 September was held in the
Crystal conference room in Blue Sky Tower and Hotel
with Executive Director Jim Dwyer as the meeting's host.
In attendance were 125 members and invited guests.
BCM's four newest members are:
1. APIAG Mongolia (APIAG Pte Ltd, APIAG Carbon and
Minerals Ltd, and APIAG Mongolia LLC) is a Singapore-
based international group specializing in investment
in and advisory services to the energy and natural
resources sector with a focus on PanAsia.
2. BG Group is an international exploration and
production and liquefied natural gas (LNG) company.
BG Group entered Mongolia in 2015 to explore for
hydrocarbons in Blocks IV and V in the western part
of the country.
3. Mongoljin Private Capital sponsors the Mongolia
Development Finance Fund I LP, a 2013 vintage private
equity and venture capital fund.
4. UNICEF promotes the rights and well-being of every
child, in everything they do.
The first speaker of the evening was Pamela Slutz,
NAMBC's chair, reminding members of the 18th annual
NAMBC Investors Conference held this week. She also
invited all BCM members to a follow-up reception,
where Turquoise Hill Resources Ltd. Chair Jill Gardiner
was the keynote speaker. She also took the opportunity
to present BCM Executive Director Jim Dwyer with
Canadian flag cufflinks as a gift for the occasion. “We
remain positive about the future,” said Slutz. “Why are
we confident? It's because of the Mongolian people.
The creativity, resilience and ingenuity of the Mongolian
people.”
Mend-Orshikh of New Media Group presented a follow-
up speech to introduce BCM's new website, which
launched over the summer. “One of the top reasons we
approached BCM is because we know BCM organizes
such incredible events,” said Mend-Orshikh. The newly-
designed website will help expand Mongolia's outreach
online, he said. The website now includes a forum for
members to leave comments and discuss events, share
photos, and make announcements such as job vacancies
and partnership opportunities. “We are looking forward
to engaging members not only offline and face to face,
but through online,” he said.
Speaking next on the importance of corporate social
responsibility (CSR) to Mongolia's social and economic
development was Steve Potter, chief executive officer
of Wagner Asia Equipment LLC. With parliamentary
elections on the horizon, it seems likely politicians will
try and pander to voters by vilifying foreign-owned
businesses in Mongolia, said Potter. However, that
ignores the great benefit foreign companies still bring
to Mongolia. “We only do business in Mongolia, and
we're a major Mongolian tax payer," said Potter. “What
they could have done with the amount we paid in taxes
was build 10 hospitals, 130 kindergartens... even paid
for the Mongolian military for a year.” A major CSR
priority is community engagement, said Potter, which
has led to funding for a 24-hour nursing home and
clinic, the Lotus Foundation and the construction of
a playground in one of Ulaanbaatar's ger districts, to
name a few. “Recently we did cleanup along a highway
near the presidential palace and Sky Resort – 8 tons
of garbage in 2 hours,” said Potter. “We're challenge
mining colleagues to see if they can beat us. We hope
this is something that will raise interest in environmental
cleanup.”
Cameron McRae, host of the CAREC Forum held last
week and chief executive officer of Tarva Investment
and Advisory, presented next. CAREC, a group of
10 countries in the Central Asia region, hosted an
investors’ forum to present energy investments, trade
policies, transport, and trade facilitation, said McRae.
Also discussed widely were the now-planned “trade
corridors” that will link the countries together for
expanded trade and transport. “A lot of these corridors
are under development,” said McRae. He added, “The
work of these countries is to improve the infrastructure
and pick up some of the trade. It's hard work.” One of
the keynote speakers for the event was Prime Minister
Chimed Saikhanbileg, whose speech focused on how
Mongolia and the rest of the CAREC region can move
forward amid tough economic conditions. “He was not
afraid to say Mongolia has made mistakes in the past,”
said McRae. “What they learned from self-induced
errors is that trust is a very important commodity. It's
easily lost; hard won.”
Saha Meyanathan, chief executive officer of the
Executive Excellence International Business Center
(EEIBC) in Mongolia and Chairman of BCM’s Education
Working Group, was the final speaker of the evening,
discussing Mongolia's education capabilities and
agenda. Although Mongolia has not done poorly in
spending for education, investing about 5 percent
of GDP in the education sector annually, citizens
still suffer from a lack of access to institutions such
as kindergartens and quality higher education. BCM
Lee Cashell, CEO of APIP at BCM Monthly Meeting,
August 2015
BCM Monthly Meeting, August 2015
Anthony Woolley, Senior associate at Hogan Lovells LLP at
BCM Monthly Meeting, August 2015
Saha Meyanathan, CEO of EEIBC at BCM
Monthly Meeting, September 2015
Cameron McRae, CEO of Tarva Investment and
Advisory at BCM Monthly Meeting, September 2015
Steve Potter, CEO of Wagner Asia Equipment
LLC at BCM Monthly Meeting, September 2015

15
2016
14
MONTHLY MEETING NOVEMBER,
2015
The BCM meeting on 2 November was held in the Crystal
conference room in Blue Sky Tower and Hotel with Jim
Dwyer, BCM Executive Director, as the meeting's host. In
attendance were 175 members and invited guests.
BCM's nine newest members are:
1. Blue Sky Hotel & Tower - an elegant luxury hotel
with spacious and exquisitely designed guest rooms,
complete with fine dining restaurants presenting
delectable Western and Asian cuisines.
2. CallPro - communication company established in
2009.
3. Corporate Governance Development Center
(CGDC) - NGO focused on corporate development
activities for Mongolian entities. Offers courses for
qualification of independent corporate directors.
4. East Maven - an independently-owned reputation
management agency with a focus on delivering
strategic communications services and brand PR
campaigns.
5. News.mn – a news agency was founded by
journalists and reporters of “Ardiin erkh” newspaper
in 2007.
6. OTV – Entertainment-only television broadcaster
established in 2014.
7. RTHR Services - a recruitment, training and human-
resources consulting company based in Ulaanbaatar.
8. Smartcard LLC - established in 1998 for providing
smart card based systems to Mongolian market and
is creative team which has successfully introduced
smart card solutions in various sectors.
9. Transparency International – A global NGO
dedicated to tackling corruption in Mongolia. It was
established and registered in 2003 by a group of
concerned citizens representing different civil society
organizations.
Elisabeth Ellis, managing partner at Minter Ellison
LLP, gave the first presentation on the “one law
that will definitely affect everyone in this room”—
the Labor Law bill. The revisions made since the last
draft released in March saw great improvement in
the latest draft, released in September. “There is
progress,” said Ellis. “It seems there is a genuine
attempt to reflect what's working in other countries,
moving towards the international best practices.”
The newest draft took into account input from BCM,
such as criticism about government interference
over hiring staff. However, there are still problems,
including more costs incurred as companies that
shuttle workers between work sites will have to do so
more often. Too-great involvement of trade unions
in management's decision was also of concern. “With
this new law we are losing flexibility, rather than
moving towards greater flexibility. We are moving
backwards.”
Susan Cote-Freeman, the program manager for the
private-sector team at Transparency International,
spoke next on the group's core principles and activities
for countering bribery. “It is a costly exercise for
companies, when they run into corruption scandals,”
she said. “We may develop internal policies on zero
tolerance on corruption, but enforcement is the key.”
She encouraged companies to actively mitigate risk
“from the get-go” when confronted with corruption
rather than comply. “It seems that there is a room for
improvement for business sector on the corruption
issue in Mongolia, but if we work together in a
constructive way business can be done in an efficient
and cleaner way.”
The final presentation of the evening was delivered
by Andrew Woodley, president and chief executive
officer of Oyu Tolgoi LLC, on the company's strategy
sustaining a competitive copper business. “OT (Oyu
Tolgoi) is in good shape. Good news in a not so
good time,” he said. Of chief focus for OT are its
commitment to safety (“staff is our capital”) and
minimizing environmental impact. “We are pleased
to see that our safety record is top ranked among
the Rio Tinto operations,” said Woodley. “We are
now transferring best practices to other operations.”
But when looking at the bottom line, he said, it's
essential that the business remain efficient so that
it can be profitable “even in the lower seasons, as is
well known, mining is seasonal.”
and Meyanathan have helped fill some of these gaps
through the BCM Education Working Group and the
related ‘BCM in the University Classroom’ effort. “As
far as the BCM Education Working Group is concerned,
we started with TVET, moved to higher education, early
childhood programs and then secondary education.
We're focused on teaching from teacher-to student-
centered education.”
MONTHLY MEETING DECEMBER,
2015
The BCM meeting on 7 December was held in the Crystal
conference room in Blue Sky Tower and Hotel with Jim
Dwyer, BCM Executive Director, and D. Jargalsaikhan, BCM
Board and Executive Committee member, as the meeting's
hosts.
BCM's three newest members are:
1. Axel Fischer Academy (AFA) - focused on
development and empowerment of personal skills to
lead to higher performance and productivity.
2. Look Mongolia – a group of companies primarily
engaged in tourism and hospitality services.
3. Monpolymet Group - one of the “TOP 100
Enterprises” and “The Best Rehabilitating Company”
seven years in a row through 2003-2014, specializing
in mining, mineral explorations, rehabilitation,
construction and production of building materials.
The Asia Foundation's Meloney C. Lindberg spoke
to introduce Luvsanvandan Sumati as the evening’s
first speaker to discuss a recent survey published
on the private sector's perception of corruption in
Mongolia. Mongolia's experience with involvement
by government into business and markets is that it
is usually followed by larger corruption, said Sumati.
With elections scheduled for next June, the pressure
is now great on private companies to give funds to
politicians. “Political parties are trying to consolidate
as much funds as possible,” he said.
“All parties are busy raising funds, extorting from us
and pulling from state budget,” he said.
Despite complaints about government offices such
as the Tax Authority, about 40 percent of the
population still believes the government has a strong
role in resolving societal issues such as income
disparity. However, since the people in power are
also the ones profiting most from the current status
quo, no great change is likely to come, said Sumati.
“Officials in most parties are quite rich people... they
wouldn't like to share their wealth with the rest of
the population.”
Next to speak was Galbadrakh S, a specialist at the
Independent Agency Against Corruption's (IAAC)
Prevention and Education Department, to discuss his
BCM’S MEMBERSHIP RENEWAL
DINNER AND CELEBRATION OF
8TH
ANNIVERSARY
After the monthly meeting of November 2nd, 200
registered guests entered the Diamond Ballroom
for BCM's Membership Renewal Dinner. During the
evening's awards ceremony, Oyu Tolgoi LLC received
the “Best Company of the Year” award. “There is a
Mongolian saying: 'If your path is truthful, you can even
outrun a rabbit with an ox cart.' Today is a fine example
of that saying,” said OT Chairman Batsukh Galsan while
accepting the award.
Named “Best Working Group of the Year” was
BCM's Education Working Group. “We began with
a determination that something has to be done on
the vocational education in Mongolia,” said Saha
Meyanathan, chair of the working group. “Our work is
not about money, it is about capabilities; it is not about
putting money in the pockets, but in the hearts and
intellects of the people.”
agency’s focus on promoting the rule of law and
transparency. Split into four different departments,
officers at the IAAC often investigate public officials
for corruption, but this is not the only function of the
agency, he said. “Third parties have the perception
that IAAC’s main responsibility is investigation, but
our main responsibility is prevention and public
awareness. We focus a lot on those areas,” he said.
Mergen Chuluun of the Young Presidents Organization
(YPO) spoke third, introducing his global group's
goals of helping young presidents, under age 50,
better cope with their responsibilities at work and
at home. “It's about sharing best practices so we
can all gain from each other's experience,” he said.
“It's not just business, but also personal matters.”
The YPO helps these professionals find services
such as schools and hospitals, as well as places to
socialize. Mongolia's branch of YPO currently has 13
members from industries such as mining, real estate
and banking.
BCM 8th Anniversary and Membership
Renewal Dinner, 2015.11.02
Andrew Woodley, President and CEO of Oyu Tolgoi
LLC at BCM Monthly Meeting, November 2015
Mergen Chuluun, Young Presidents Organization at
BCM Monthly Meeting, December 2015
Terrence Edwards, BCM Editor-in-Chief at BCM
Monthly Meeting, December 2015
New Members at BCM Monthly Meeting,
November 2015

2016
17
2016
16
BCM MEMBERS
National International NGOs, Embassies, Donors
Air Trans ABB Mongolia Representative Office EMBASSIES AND COUNCILS
Ard Capital Group
Advanced Facilities Management
Mongolia
Australian Embassy - Seoul
Ard Financial Group Allens British Embassy
AREC Mortgage ALS Group Canadian Embassy
Arig Bank Anderson & Anderson Embassy of Belgium in Beijing
Axel Fischer Academy APIAG Mongolia Embassy of the Czech Republic
Batseer Applus Velosi French Embassy
B & T Consulting Archetype Mongolia German Embassy
BD Sec Areva Mongol
Honorary Consul of the Republic of Esto-
nia in Mongolia
Blue Sky Hotel Aspire Mining Honorary Consul of Mongolia to Ireland
Bodi Insurance Atlas Copco Mongolia Indian Embassy
Breakthrough PR Bank of Tokyo Mitsubishi Japanese Embassy
Bureau Veritas BG Group Korean Embassy
CallPro Birches Group Luxembourg Ambassador of Mongolia
Churchill’s Boroo Gold Mongolia Consulate – New Zealand
Clear Lakes Capital CIM Bank Switzerland Mongolian Consulate General –Sydney
ConsolWays Clyde & Co Netherlands Embassy Office Rep.
Cummins Mongolia Investment Draper Capital Mongolia New Zealand Embassy – Beijing
Deloitte Onch EBRD South African Embassy – Beijing
EastMaven ENGIE Mongolia Swedish Trade Council – Beijing
EEIBC Ernst & Young Turkish Embassy
Eermel Falcon Drilling Mongolia US Embassy
ELC Firebird NGOs
Erdenes Mongol Frontier Land Group American Center for Mongolian Studies
EuroKhan General Electric Arts Council of Mongolia
Fiscal Audit Global Welding Australian Trade Commission
Friends of Mongolia Gunvor LLC British Mongolian Chamber of Commerce
G and DS Hogan Lovells
Corporate Governance Development
Center
GEE IBEX Mongolia Cover Mongolia
GK Mining ING Bank German Mongolian Business Association
Golomt Bank International SOS Global Green Growth Institute
GTs Advocates LehmanLaw Mongolia Mongolian Coal Association
GWMS Minter Ellison Mongolian Exporters Association
IARUDI Consulting Mitsubishi Corporation Mongolian National Mining Association
Ikh Uilsiin Ereld Mitsui & Co NAMBC
Integrated Financial Services Monadelphous Sant Maral Foundation
Khan Bank Mongoljin Private Capital Save the Children in Mongolia
Khaan Daatgal Mongolia Talent Network South Gobi Business Council
Kito MSM Group Taipei Trade & Economic Rep. office in UB
KPMG Audit Noble Group The Asia Foundation
Look Mongolia Ocean Partners The Nature Conservancy
MahoneyLiotta Oyu Tolgoi UNICEF
Major Drilling Peabody Energy Wildlife Conservation Society
Mandal Insurance PricewaterhouseCoopers World Vision
Metro Express Rio Tinto Zorig Foundation
MICC RungePincockMinarco
BCM MEMBERS
National International NGOs, Embassies, Donors
MIG Insurance Saki Partners IFIs
MIH Group Salmira Investment Fund ADB
Mongol Daatgal Santa Fe Relocation Services GIZ
Mongolian Economy Magazine Schneider Electric Mongolia International Monetary Fund
Mongol Express Sedgman Consulting MercyCorps Mongolia
Mongolia Growth Group Shangri-La Hotel Ulaanbaatar Swiss Development Cooperation
Mongolian Mortgage Corporation
Siemens Mongolia Representatives
Office
USAID
Mongolian National Broadcasting SMEC Mongolia World Bank
Mongolian Opportunities Partners
Sumitomo Corporation Ulaanbaatar
Rep Office
SCHOOLS
Mongolian Stock Exchange Sumitomo Mitsui Banking Corporation American School of Ulaanbaatar
Monos Sustainability East Asia American University of Mongolia
Monpolymet TCKMO GMIT
Namaste Indian Restaurant Techenomics Mongolia International School of Ulaanbaatar
National Life Terra Energy
Management Department of Economic
School of NUM
Newcom Thiess Mongolia Mongolian National University
New Media Group Trafigura Mongolia Santis Educational Services
News.mn Transparency International - Mongolia University of the Humanities
Nomadic Catering & Integrated Ser-
vices
Transwest OTHERS
Nomadic Expeditions Mongolia Wagner Asia Forbes Mongolia Magazine
NovaTerra Oxford Business Group
NPC & Mandal Mr. Al La Porta
Observe Consulting Mr. Bill Thomson
Orica Mongolia Mr. Lewis Marks
OTV Mr. Roger Perry
PATC
Petro Matad
Porsche Ulaanbaatar
Precom
Prime Info
Ramada
RTHR Services
Sandvik Mongolia
Smartcard
Sopoco
Specialized Career Consulting
Standard Investment
Start–Up Weekend Mongolia
Steppe Learning
Supply & Allied Services
Tavan Bogd
Tenger Insurance
The Cycling World
Trade & Development Bank
Valiant Art
VIP 76
XacLeasing
XacBank
Xanadu Wines
ZAMine

2016
19
2016
18
BCM WORKING GROUPS
BCM now has 8 active working groups with the total of over 370 members volunteering for reform of
laws, policies and practices that inhibit economic growth.
BUSINESS ETHICS
The Business Ethics is the newest working group, which was
established in December, 2015. Its mission is to offer a platform
for BCM members to discuss business integrity issues, share
information and experiences, and engage in activities to advance
the level of business integrity, corporate social responsibility,
corporate governance, and compliance in the Mongolian business
sector. The Working Group will further advocate for a transparent
and enabling business environment and promote best practices in
responsible business conduct.
CAPITAL MARKETS
The Capital Markets Working Group was formed in May 2009.
The Working Group advocates for sound development of
Mongolia`s embryonic capital markets including stock markets,
debt and mortgage markets, private equity, venture capital, and
insurance each is so necessary to private sector development.
Working Group Co-Chairs
Christine Hudetz Transparency International
Anders Berglund Atlas Copco
Nick Cousyn BDSec
Howard Lambert ING Bank
Working Group Members
1 Amarsanaa A OT
2 Enkhtuya O The Nature Conservancy
3 Gerelmaa D World Vision
4 Janibyek T Wagner Asia
5 John B. McDaniel U.S. Embassy Ulaanbaatar
6 Jon Hiebert World Vision
7 Oyunsuren G Schneider Electric
8 Rodney Hill
Supply and Allied Services
Mongolia
9 Sara G World Vision
10 Tim Mahon Deloitte Onch Audit LLC
11 Victoria Colamarco UNICEF
12 Zaya B Mandal General Insurance
1 Achit-Erdene D MICC
2 Adrain Chu Ernst & Young Mongolia Audit
3 Altai Kh IND
4 Amarbayasgalan E Golomt Securities
5 Amarmurun A LehmanLaw Mongolia
6 Andrew Stewart Xanadu Mines
7 Ariunsanaa B MCS
8 Arthur Cookson OT
9 Ashidmaa D Tenger Financial
10 Augustine H XacBank
11 Baasansuren S FLP
12 Batjil B National Geographic
13 Bat-Ulzii M Khan Bank
14 Bayarmagnai N Hunnu Coal
15 Bilgee Kh Wagner Asia
16 Bold B Rio Tinto
17 Bolor Tuyarah FLP
18 Byambaa L Mongolia Growth Group
19 Chris MacDougall MIBG
20 Dorjpalam Kh OT
21 Dul-Erdene N MSE
22 Enkhzul D Mongolian Stock Exchange
23 Erdenedelger B Khan Bank
24 Ganbat E MCS
25 Ganzorig U Golomt Bank
26 Hajime Uchida SMBC
27 Harris Kupperman Mongolia Growth Group
28 Inoue Kayoko Embassy of Japan
29 Jim Dwyer BCM
30 John Barton US Treasury
31 Khayanhyarvaa N Mongolian National University
32 Luvsanchultem V Zag
33 Mandar Jayawant Mongolia Opportunities Fund
34 Munkhdul B Cover Mongolia
35 Munkhjin B Ernst & Young Mongolia Audit
36 Narantuguldur S
Khan Investment Management
Limited
37 Nasaa Ch FLP
38 Nemuun G NovaTerra
39 Niel Isbrandtsen Khan Bank
40 Och O Golomt Bank
41 Oliver Thirlwall Asian Real Estate Capital Ltd
42 Otgochuluu Ch Erdenes Mongol
43 Oyu MICC
44 Peter Morrow
American University of
Mongolia
45 Randolph S. Koppa TDB
46 Ray Nadarajah Rio Tinto
47 Saruul G Bodi Group
48 Shaukat Tapia PwC
49 Shin Bonggun Standard Chartered Bank
50 Tsend Ts IND
EDUCATION
The Education Working Group was established in February 2009.
The Working Group serves as a bridge linking representatives
from: government agencies; donor groups; NGOs; Mongolian and
international institutions of higher education; and technical and
vocational institutions with BCM members in order to improve
the skills of the national work force and upgrade standards to
meet international requirements in vocational schools and higher
education institutions.
ENERGY AND ENVIRONMENT
BCM Environmental Working Group was formed in February 2010.
The mission is to use a multi-stakeholder approach to inform
and promote environmentally sound and sustainable development
business practices in Mongolia, as well as to exchange the latest
information and developments on energy sector. Since February
2015 expanded its coverage to energy sector and was named as
Energy and Environment WG.
Working Group Chair
Saha Meyanathan
Executive Excellence International
Business Center
Bulganmurun Tsevegjav GGGI
Jon Lyons GGGI
1 Achim D. Schmillen World Bank
2 Altannar Ch GMIT
3 Andrew Orgill Santis
4 Bat-Erdene R Mongolian National University
5 Battuvshin Ch University of the Humanities
6 Battuya M Embassy of Canada
7 Bayarmaa S OT
8 Bayarmaa B Minter Ellison
9 Bill Fairbairn
Support to Mongolia's
Technical and Vocational
Education and Training Sector
10 Chuluun T World Bank
11 Dambadarjaa P
Mongolian University of
Science & Technology
12 Davaasuren B Energy Resources
13 David Reiner MSM
14 David Turnball Transwest
15 Dorj D Mongolian National University
16 Dorjderem GMIT
17 Enkhchimeg D Mongolian National University
18 Enkhtsetseg G
American University of
Mongolia
19 Enkhtur S Consultant to MECS
20 Enkhzaya Ch GMIT
21 Gerelmaa D
Institute of Finance and
Economics
22 Gunther C.Stehr GMIT
23 Itgel L ADB
24 Juergen Hartwig GIZ
25 Kern Von Hagen OT
1 Altai O IFC
2 Amanda Fine Wildlife Conservation Society
3 Amarjargal Lkh LehmanLaw Mongolia
4 Ariunaa N The Asia Foundation
5 Ayako Maruyama JICA
6 Baatar P EDC Ministry of Energy
7 Batsanaa B XacBank
8 Bayarjargal Yu The Nature Conservancy
26 Khayanhyarvaa N Mongolian National University
27 Khishigdulam T University of the Humanities
28 Kyu Cheol Eo KOICA Mongolia office
29 Lhagva N FLP
30 Manlaibaatar Z
Independent Research Institute
of Mongolia (IRIM)
31 Marc Tasse ACMS
32 Mergen Ch Nomadic Expeditions
33 Mitsuaki Toyoda Save the Children
34 Narantsatsral S Sumitomo Corporation
35 Narantsogt Ch OT
36 Nobou Okada Mitsui Ulaanbaatar
37 Olga Khardaeva PwC
38 Oyuntsatsral Z
Economics
39
Robert Mark
Hargreaves
GMIT
40 Sara G World Vision
41 Solongo A British Embassy
42 Solongo D Australian Trade Commission
43 Stefani Tuyarakh FLP
44 Sukhbaatar J
Economics
45 Telmen E Save the Children
46 Tserennadmid G PwC
47 Tungalag Ch World Bank
48 Tuvshintugs B
Economic Research Center &
MNU
49 Unur D GIZ
50 Uyen G PwC
Capital Markets WG Meeting, 2015.04.22 Capital Markets WG Meeting, 2015.09.15 Education WG Meeting, 2015.09.18 Education WG Meeting, 2015.11.27 Energy and Environment WG Meeting, 2015.11.16
51 Tsogtgerel B Golomt Bank
52 Tugsjargal Ch OT
53 Tuya E LehmanLaw Mongolia
54 Ulemj B MCS
55 Ulziibayar B Ard Capital
56 Uubanbayar O MahoneyLiotta
57 William Cotter US Treasury
58 Zandan B British Embassy

2016
21
2016
20
LEGISLATIVE
The Legislative Working Group was formed in November 2007.
BCM has formed a Legislative Working Group to advocate
for certain legal and business practice matters. The Legislative
Working group cooperates with Parliament's Steering Committees
by providing its recommendations and conducting consultations.
James Liotta MahoneyLiotta
Bayar Budragchaa ELC
1 Amarbayasgalan Dash OT
2
Amarbayasgalan
Dorjderem
Terra Energy
3 Amarjargal Lkh LehmanLaw Mongolia
4 Amarmurun A LehmanLaw Mongolia
5 Amarzul Petro Matad
6 Baasansuren P Atlas Copco
7 Batbayar B BB Consulting
8 Battuya J OT
9 Bolorchimeg Kh ELC LLP Advocates
10 Bujinlkham Ts Mongolian National University
11 Christopher Melville Hogan Lovells
12 Chuluunbaatar LexLoci
13 Doug McGay Sustainability
14 Elisabeth Ellis Minter Ellison
15 Enebish G LehmanLaw Mongolia
16 Enkhbat B MDS & Khan Lex
17 Enkhtuvshin Ts Anderson & Anderson
18 Etienne Laumonoer Audier & Partners
19 Ganbat E Energy Resources LLC
20 Gerel E LehmanLaw Mongolia
21 Kayoko Inoue Embassy of Japan
22 Lkhamaa Kh OT
9 Bayarlkham B JICA
10 Bayarmaa B Sustaninability East Asia
11 Belguun
Mongolian University of
Science & Technology
12 Byambasuren Lkh Groundwater Solutions
13 Chingis T Sopoco
14 Chisato Fukuda American Center of Mongolia
15 Chista Hasenkorf
Colorado/National University
of Mongolia
16 Darisuren P US Embassy
17 Davaadorj M Observe Consulting
18 David Rohanna APIAG
19 Elbegsaikhan A British Embassy
20 Enkhjargal Ts Areva Mongol
21 Enkhjin B Zorig Foundation
22 Enkhjin B PwC
23 Enkhtuvshin Sh Wildlife Conservation Society
24 Enkhtuya O The Nature Conservancy
25 Erdenesaikhan N
Swiss Agency of Development
and Cooperation (SDC)
26 Gankhuyag Newcom Group
27 Gerel E LehmanLaw Mongolia
28 Gerelmaa M LehmanLaw Mongolia
29 Gerelt-Od Ts
Ministry of Environment,
Green Development and
Tourism
30 Jargal N G and DS
31 John Miragliotta Sustainability Pty Ltd
32 Keith Swenson New Zealand Nature Institute
33 Khishigt T Newcom Group
34 Maral G Zorig Foundation
35 Mark Newby OT
36 Mark Tasse
American Center for
Mongolian Studies
37 Meloney C. Lindberg The Asia Foundation
38 Naranzul B The Nature Conservancy
39 Nasanjargal S TCKMO
40 Nathan B. Johnson US Embassy
41 Noah Elbot Xac Bank
42 Odonchimeg N Wildlife Conservation Society
43 Olga Khardaeva PwC
44 Ongonsar P ADB
45 Onon B Wildlife Conservation Society
46 Otgonbat D Observe Consulting
47 Otgonsuren A Wildlife Conservation Society
48 Oyunbileg B Embassy of Canada
49 Purevdorj B Zorig Foundation
50
Robert Mark
Hargreaves
GMIT
51 Ryan Calvert Xac Bank
52 Sarnai Ch
Newcom Group Clean Energy
Asia LLC
LOGISTICS
The Logistics Working Group was established in April 2014. The
Working Group aims to leverage best practices and expertise by
implementing research towards identifying and recommending
practical solutions for clarification and further improvement of the
Government policies. The mission is to provide development in the
fields of process standardization; cost reduction; market access;
customs and compliance; domestic transport/warehousing; cross
border transportation and transit.
RISK
The Risk Working Group was initially formed in March 2012, as
a result of the 3rd annual Risk Forum of Mongolia. In 2015,
the working group was reborn with a renewed mission. The
Working Group mission is to be the leading advocate on risk
management issues in Mongolia by offering a platform for
risk management related information sharing, organizing and
participating in activities to expand awareness of social and
business risks, contributing to development of risk management
field in Mongolia, promoting risk management best practices
of BCM members as well as the wider business community and
engaging relevant stakeholders from all sectors.
Working Group Chair
Enkhbat D MonEx
Zaya Bolorbold Mandal General Insurance
Mark Bailey Thiess Mongolia
1 Arafat Siyez Cummins Mongolia Investment
2 Ariunaa I Aurum Partners
3 Ariunsanaa B MCS Holding
4 Badamdorj J Siemens
5 Bayarmagnai N Hunnu Coal
6 Enkhtur G
Mongolia Opportunities
Partners
7 Erdenebileg Lkh ISG holding
8 Guerin Alexandre Areva
1 Aaron Powell OT
2 Aart Jongejans Xac Bank
3 Amarsanaa Ts Recruit Mn
4 Barrie Evans Churchill's
5 Battur S Bagatumurch
6 Chaminchimeg Golomt Bank
7 Chris Hurdchris Iarudi
8 Chuluuntsetseg D Ard Insurance
9 Davaadorj M Observe Consulting
10 David Turnbull Transwest Mongolia
11 Emily Spargo IARUDI Mining
12 Enkhjargal Interconsulting
13 Ganbold S FRC
14 Ganzorig U Golomt Bank
15 Garrett Wilson Wagner Asia
Energy and Environment WG Study Visit to Sopoco LLC,
2015.06.11
Legislative WG Meeting, 2015.05.21 Logistics WG Meeting, 2015.04.07 Logistics WG Meeting, 2015.08.18 Risk WG Meeting, 2015.05.20
9 Hao Yuan MSM
10 Inca Bataa Santa Fe
11 Luvsanchultem Zag
12 Nergui Sh QMC Group
13 Nicole Puntsag Schneider Electric
14 Nobuo Okada Mitsui Ulaanbaatar
15 Odkhuu M OT
16 Otgonjargal Y Mongolian National University
17 Oyunchimeg J Santa Fe
18 Philippe Aubry Schneider Electric
19
Robert Mark
Hargreaves
GMIT
20 Shinebayar B Batseer
21 Steve Potter Wagner Asia Equipment
22 Tumentsogt Ts GE
23 Unurbayar
Ministry of Road and
Transportation
24 Zandan B UK Embassy
24 Manduul A Allens
25 Maralmaa X OT
26 Mendsaikhan T Bonalex
27 Michael D. Richmond U.S. Embassy
28 Namuun B Atlas Copco
29 Navchaa T OT
30 Nemuun G NovaTerra
31 Nomindari O MahoneyLiotta
32 Nyamdulam N PATC
33 Otgochuluu Ch Erdenes Mongol
34 Oyumaa O Terra Energy
35 Oyunchimeg B Areva
36 Pierre-Michel Motteau Audier & Partners
37 Shairiibuu B MW MGL Advocates
38 Solongo B Hogan Lovells
39 Sunjidmaa J MNMA
40 Taishir T Xac Bank
41 Tserendulam Yu Allens
42 Tuvshinbayar B Terra Energy
44 Ulziibayar B Ard Capital
45 Uyanga D Newcom
46 Zandan B British Embassy
47 Zoljargal D GTs Advocates
53 Saruul D
Project Manager, Biennial
Update Report of Mongolia
to UNFCCC project, Nature
Conservation Fund under the
MEGDT
54 Sonomdagva Ch
National University of
Mongolia
55 Sugarkhorloo E Techenomics Mongolia
56 Thierry Plaisant Areva Mongol
57 Tserendavaa O Groundwater Solutions
58 Tuul G XacBank
59 Undraa N The Asia Foundation
60 Yanjaa Z Sustainability East Asia
61 Zolbayar Kh MCS

2016
23
2016
22
TAX
The Tax Working Group was initially formed in 2003 by the
Mongolian branch of North-America Business Council (NAMBC).
The Tax Working Group advocates on matters that affect general
business and/or business sectors.
BCM IN THE UNIVERSITY CLASSROOM
The ‘BCM in the University Classroom’ series was launched in March 2012. This project provides lectures at universities to help inspire
students and give them direction for their future careers. BCM is currently cooperating with the total of five universities on this project,
including Mongolian University of Science and Technology (MUST); Mongolian National University (MNU); National University of
Mongolia (NUM); Institute of Finance and Economics (IFE) and University of the Humanities (UH). As of now around 2,700 students
and teachers have participated in the 'BCM in the University Classroom' project. Below is the summary table of all lectures organized
in the year of 2015.
Working Group Chair
Tsendmaa Choijamts PwC
Topic Presenter Location Date Attendees
Pathways to Greening Economic Growth
in Mongolia and beyond
Jon M. L. Lyons, Country Representative of GGGI IFE 2015.12.03 70
Pathways to Greening Economic Growth
in Mongolia and beyond
Jon M. L. Lyons, Country Representative of GGGI UH 2015.11.24 80
Best Experience of Siemens
Badamdorj J, General Director of Siemens
Mongolia
MUST 2015.04.29 43
Business Integrity Policy and Experience
Dr. Graeme Hancock, President and Chief
Representative of Anglo American Development
LLC
UH 2015.04.08 86
Career Development
Munkhbaatar Ts, Team Leader of JDA Applus
Velosi
UH 2015.03.31 202
Personal Marketing
Anu B, Head of Marketing Department at
Wagner Asia
MNU 2015.03.27 120
Number of students participated in 2015 601
Total number of students participated since 2012 2,700
1 Amarbayasgalan D Terra Energy
2 Amarzul T Petrovis
3
Andrew Wee/
Oyunbayar
International SOS
4 Ariunaa Ts Noble Energy
5 Arthur Cookson OT
6 Azzaya Lkh PwC
BCM KNOWLEDGE SHARING SESSIONS
Since May 2015 “BCM Knowledge Sharing Sessions” have been offered free of charge to BCM members on a regular basis. This new
activity is aimed to provide opportunity for our members to share their knowledge with other members and also help them to connect
with each other within their field of professional interests. As of December, 2015 the total of 6 sessions were organized with coverage
of over 180 people from member organizations. The following knowledge sharing sessions have been organized in 2015.
Topic Trainer Date
Implementation of System Certification
Standards and its Benefits
Otgonbat D, Director of Observe Consulting LLC 2015.12.24
How to Improve Work Performance of
Mongolian Employee
Enkhjargal Ts, Executive Director of NPC&Mandal LLC 2015.11.25
Strategically Managing Mongolia’s Sovereign
Credit and Perception Ratings
Dr.Nigel Finch, Managing Director of Saki Partners 2015.10.09
Common Dental Issues and Preventive
Treatments
Jose Alberto Cruz Rey, General Dentist at Intermed Hospital 2015.09.16
Mastering the Mind: Focus on EQ Ganzorig U, President of Golomt Bank 2015.06.16
Market Research Analysis
Christopher De Gruben, Managing Partner of M.A.D
Investment Solutions
2015.05.13
Tax WG Meeting, 2015.04.29
Dr. Graeme Hancock, President and Chief Repre-
sentative of Anglo American Development LLC at
University of Humanities, 2015.04.09
Jon M. L. Lyons, Country Representa-
tive of GGGI at Institute of Finance
and Economics, 2015.12.03
BCM Football Cup, 2015.07.05 BCM Knowledge Sharing Session with M.A.D,
2015.05.13
BCM Knowledge Sharing Session with U.Ganzorig,
President of Golomt Bank, 2015.06.10
7 Baasansuren P Atlas Copco
8 Baaska J Sustainablity
9 Bolor B PATC
10 Chuluunbaatar LexLoci
11 Daniel Mahoney MahoneyLiotta
12 David Reiner MSM
13 Doljindemberel B KPMG Tax TMZ
14 Dorjpalam Kh OT
15 Dul-Erdene N Mongolian Stock Exchange
16 Enkhsaikhan D KPMG
17 Enkhtsetseg B Santa Fe
18 Enkhtuvshin Sh WCS
19 Erdene-Ochir E Deloitte Onch
20 Ganhuleg B Boroo Gold
21 Gerelmaa M LehmanLaw Mongolia
22 Hulan D Tavan Bogd
23 Hulan P OT
24 Inca Bataa Santa Fe
25 James Liotta MahoneyLiotta
26 Javkhlant Deloitte Onch
27 Jim Dwyer BCM
28 John Henriksen Petro Matad
29 Jonathan S. A. Tjia THIESS Mongolia
30 Khishignemekh R Ernst and Young
31 Lkhagva M Deloitte Onch
33 Micheal Ahern PwC
34 Munkhtuya Khan Bank
35 Munkhtuya J MMC
36 Namuun B Atlas Copco
37 Namuun M Newcom
38 Narantsatsral S Sumitomo Corporation
39 Nasanjargal D PATC
40 Nick Cousyn BDSec
41 Ninjin Lehman Bush
42 Nyamdulam N PATC
43 Onchinsuren D Deloitte Onch
44 Oyun Ts International SOS
45 Phyllis Pang Terra Energy
46 Rentsenkhand BDO
47 Shinejargal M Golomt Bank
48 Shuree Akiolumos
49 Tanyatuya D WCS
50 Tarnavska Maryna PwC
51 Tengis O Ernst & Young
52 Tuya Deloitte Onch
54 Uuganbayar O MahoneyLiotta
55 Uugantsetseg B WCS
56 Uyanga M Ernst & Young
57 Zolbayar BDO
16 Garry Saunders Thiess Mongolia
17 Ilyas Mailibayev PwC
18 Javkhlan B Golomt Bank
19 Jelena Pesic PwC
20 John Henriksen Petro Matad
21 Jon Lyons GGGI
22 Julius Jan C Gonzales Ernst & Young
23 Lawrence Lennon M.A.D
25 Mark Tasse
American Center for
Mongolian Studies
26 Martin Hannigan OT
27 Michael D Richmond US Embassy
28 Munkhdul Ch MIG Insurance
29 Namuun B Atlas Copco Mongolia
30 Nasanjargal S TCKMO
31 Nigel Finch Saki Partners
32 Otgonbat D Observe Consulting
33 Oyunkhand N Khan Bank
34 Piers Zvegintzov/Zog/ OT
35 Russell Mackenzie Wave International
36 Setsen D Golomt Bank
37 Saruul Ts Erdenes Tavan Tolgoi
38 Tsogt G Mandal General Insuranse
39 Simon Kim Transwest
40 Uuganbayar D Clean Energy
41 Tsevelmaa N Golomt Bank
42 Tim Mahon Deloitte Onch Audit
43 Tumentsogt Ts General Electric
44 Yair J. Porat MNCCI

2016
25
2016
24
THE BUSINESS COUNCIL OF MONGOLIA
BCM MEMBERSHIP BENEFITS
1. NETWORKING:
• Participation in BCM Monthly Meetings and Receptions
• Participation in BCM’s 8 working groups Business Ethics, Capital Markets, Edu-
cation, Energy & Environmental, Legislative, Logistics, Risk and Tax
• Annual BCM Renewal Dinner
• BCM Football Cup
• Participate in on-line forums on BCM web system
• Connect with other members through on-line consultations on BCM web system
• Build cooperation with other members through posting partnership proposals
on BCM web system
2. PUBLICIZE YOUR COMPANY:
• Company introduction during BCM Monthly Meeting with brochures for distri-
bution
• Company banner on BCM website in ‘New Member Section’
• Company introduction, logo with direct links to website and social media to
be displayed on BCM web system’s membership section
• Possibility to display company banner at reasonable rates on BCM NewsWire
issues distributed to over 1400 member individuals plus 400 people at Diplo-
matic missions
• Post vacancy notes of your company at BCM web system
• Possibility to send out special “Paid Advertisement” to all BCM members mail-
ing list
3. LATEST BUSINESS NEWS:
• Weekly electronic BCM NewsWire Issues
• Business related news, Presentations, Reports, and NewsWire archives on BCM
web system
• Various event information through BCM Mailing List
• Access to knowledge hub in BCM web system
• Search for your topic of interest in BCM NewsWire Issues in the BCM website
• Join us on Facebook, Twitter, LinkedIn, Slide share and Flickr.
4. DISCOUNTED PRICE FOR CONFERENCES:
• Participation at discounted rates in International and Local conferences, semi-
nars and trainings.
2016THEBUSINESSCOUNCILOFMONGOLIA
The BCM Business Growth Index is a regular barometer of business climate in Mongolia which tracks movements in business confidence
quarterly. The main results of this index are shown in the form of temperature growth or fall of business environment in Mongolia.
In other words, negative developments will send business to minus temperatures, whereas positive developments will produce warm
temperatures accordingly. The BCM Business Growth Index is developed based on the results of a questionnaire collected from BCM
member organizations including both national and international entities operating in Mongolia in trade, service and manufacturing on
small, medium and large scales. The questionnaire is composed of a set of key 7 indicators related to company internal aspects as well as
overall business environment. The Business Growth Index Temperature for Q2-2015 showed +3 Degrees Celsius and -6 Degrees Celsius
for Q3-2015. The survey questionnaire was professionally designed in consultation with Sumati Luvsandendev, Founder and Director of
Sant Maral Foundation, an institution well-known for its opinion polls, market and research work.
BCM FOOTBALL CUP 2015
The 4th annual BCM Football Cup 2015 was organized at the National Garden Park’s football field on July 4 and 5, 2015. The Champion
of the BCM Cup 2015 was Khan Bank’s FC team. Khan Bank defended their championship from 2014. Second Place was won by
Wagner Asia’s team and Third Place by Mongolian Business Database’s team respectively. The semi-final match for the Bronze Medal
was between Mongolian Business Database and Ard Financial Group teams. The Best Goal Keeper award was presented to A.Temuulen
from Ard Financial Group; the Most Valuable Player award to G.Molor from Wagner Asia; the Best Striker to M.Batchuluun from Khan
Bank and the Best Defender to B.Munkh-Erdene from Mongolian Business Database.
BCM BUSINESS GROWTH INDEX
E mail:
jim@bcmongolia.org,
bayarmaa@bcmongolia.org,
tugi@bcmongolia.org
saruul@bcmongolia.org
khulangoo@bcmongolia.org
otgongerel@bcmongolia.org
editor@bcmongolia.org
The Business Council of Mongolia
Express Tower, 12th floor Peace Avenue,
P.O.Box-29 Ulaanbaatar, Mongolia 15160,
Tel/fax: 976 11 317027, 976 70114442
Website: www.bcmongolia.org
BCM Football Cup Winner Khan Bank FC, 2015.07.05

2016
27
2016
26
YOUR PARTNER ON THE GROUND
Our clients:
NovaTerra is an investment, project management, and advisory firm led
by a group of seasoned executives with extensive experience in energy,
banking, real estate, and mining sectors in Mongolia, central Asia and the
US. The company has successfully completed a number of mostcutting edge
projects and businesses in the country since its opening in 2013.
GDM is a buildings technology company providing better, faster
and cheaper, clean-tech infrastructure solutions. Our infrastructure
solutions include:
* Thermoblock, insulated concrete form (ICF)made of polyurethane for
wall systems
* Thermoseal, spray polyurethane foam for building insulation, roofing
* Road Guard, soil stabilizer
* Road Fix, cold mix road patch
Financing, project development and project management services for mining, conventional power,
renewable power, and infrastructure.
Engineering and technical expertise through its international partners.
Access to domestic and international equity and debt investors through our broad network.
Business and financial advice to strategically position our clients within Mongolia’s political and
economic context.
NovaTerra offers:
Express tower 11FL, Chingeltei district -1, Peace Avenue, Ulaanbaatar 15160, Mongolia | Tel: +976 75755545 | www.novaterra.mn
Bayangol district, Khoroo-20, Zasagt Khan Center | Tel:+976 9522 2701 | www.gdm.mn
E
LC is one of Mongolia’s leading professional multi-
disciplinary law firms with over 30 legal profession-
als advising national and foreign clients in relation to
comprehensive legal matters. The expertise of the firm’s law-
yers makes ELC a leader in providing not only legal advice but
also commercial solutions through its integrated approaches.
Since its establishment in 2000, ELC has attained extensive and
proven experience in corporate M&A, mining, banking, real es-
tate, tax, litigation, infrastructure, road and transportation,
consulting and law drafting, labour, and immigration services.
In 2012, ELC was granted a permit by the Mongolian Financial
Regulatory Commission (“FRC”) authorizing to advise clients
regarding Law of Mongolia on Securities Markets and becom-
ing one the first and few law firms to be approved by the FRC.
ELC has been selected by Chambers & Partners as one of the lead-
ing law firms to be recommended to Clients in 2013, 2014 and 2015.
Managing Partner: Bayar Budragchaa
Number of Partners: 4
Number of Lawyers: 24
Number of Attorneys: 11
Languages: Mongolian, English, Russian,
German, Japanese, Chinese, Turkish
OFFICE
Level 6, Shonkhor Tower,
Genden Street-16, Sukhbaatar Ditrict, 1st khoroo,
Ulaanbaatar Mongolia
Tel: +976 77118193, 77118194
Email: info@elclawoffice.mn
Website: www.elclawoffice.mn
PRACTICE AREAS
Corporate/M&A/IPO
Mining & Construction
Road & Transportation
Communication
Real Estate
Tax
Litigation &Arbitration
Labour & Immigration
UNIQUE SERVICE
IN
UNIQUE MONGOLIA

Bcm corporate brochure issue 17

Recomendados

Recomendados

Más contenido relacionado

Destacado

Destacado (20)

Similar a Bcm corporate brochure issue 17

Similar a Bcm corporate brochure issue 17 (20)

Más de The Business Council of Mongolia

Más de The Business Council of Mongolia (20)

Último

Último (20)

Bcm corporate brochure issue 17