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Interview

OBG talks to Masa Igata, Founder & CEO, Frontier Securities
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Interview: Masa Igata What impact can we expect from new regulations, such as the Mongolian Revised Securities Market Law or the Investment Funds Law? MASA IGATA: All the regulatory changes that Mongolia’s financial sector is going through are good and beneficial in the long run, although we might not see immediate changes in the current status quo. The Revised Securities Market Law and Investment…
Interview

OBG talks to Baatar Unenbat, CEO, Newcom
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Interview: Baatar Unenbat What role can the private sector play in achieving energy self-sufficiency for Mongolia? BAATAR UNENBAT: The contribution of the private sector is essential for Mongolia to achieve energy self-sufficiency. This is not only true from a technical point of view but also from a financial perspective. Risks cannot be undertaken by the government exclusively, as this would…
Interview

OBG talks to Damjin Damba, President, Mongolian National Mining Association
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Interview: Damjin Damba Is there room to introduce environmental safeguards while minimising the impact on exploration? DAMJIN DAMBA: Protection of the environment is a global issue, and our environmental rules and regulations are on a par with the international community. There are several laws in this field, such as the Subsoil Law, the Land Law and the Environmental Law, all of which are good…
Interview

OBG talks to Jean-Sébastien Jacques, Chief Executive, Copper, Rio Tinto
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Interview:Jean-Sébastien Jacques What additional steps can be taken in order to meet the need for improved infrastructure in Mongolia’s mining industry? What role can the government play in this process? JEAN-SÉBASTIEN JACQUES: While Mongolia has made a great deal of progress in a short period of time, it is quite clear that there is more work to do, especially as the country looks to further…
Interview

OBG talks to Batsuuri Yaichil, CEO, Erdenes Tavan Tolgoi
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Interview: Batsuuri Yaichil What areas do you envisage will benefit the greatest from foreign investment? BATSUURI YAICHIL: One of the main challenge for Mongolia’s mining sector is the lack of facilities to process, wash and clean coal before exporting it, which blocks our ability to sell our coal at higher prices. In fact, Mongolia is currently one of the few countries that exports raw, unwashed…
Interview

OBG talks to Batbayar Raash, President, M-Oil
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Interview: Batbayar Raash How will current infrastructure developments affect oil transport in Mongolia? BATBAYAR RAASH: Transporting oil is no easy task and, therefore, the lack of infrastructure is a big challenge in our sector. Additionally, the more transportation is done by road, the more expensive it becomes. Current railway developments being undertaken by the government will have a major…
Interview

OBG talks to John Lee, President & CEO, Prophecy Coal
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Interview: John Lee What needs to be done to boost public-private partnerships (PPPs) in the energy sector? JOHN LEE: There is a preliminary legal framework for PPP projects, although it is missing details. The concept is still quite new and Mongolia is only starting to receive attention and foreign investment for PPP projects. A lack of examples to follow, added to the election period that we have…
Interview

OBG talks to E. Jargalan, CEO, Erel Group
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Interview:E. Jargalan What can be done to address the current seasonality of Mongolia’s construction sector? JARGALAN: Mongolia’s construction sector must find ways to work throughout the year, even if ours is the coldest capital in the world. Utilising precast concrete can be part of the solution. This material was previously used in the Soviet period, however the market will need to adapt…
Interview

OBG talks to Gungaagiin Jargalsaikhan, President & CEO, MIAT Mongolian Airlines
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Interview:Gungaagiin Jargalsaikhan How are policy developments influencing the airline sector moving forward? GUNGAAGIIN JARGALSAIKHAN: Parliament has approved a policy to develop the civil aviation sector, which contains overall guidelines for the air transportation business in Mongolia until 2020. It will have a significant effect on the sector’s progress. One of the goals of the law is…
Interview

OBG talks to Erdeniin Bat-Üül, Governor of Capital City and Mayor of Ulaanbaatar (UB)
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Interview:Erdeniin Bat-Üül How are you looking to raise the level of health and safety procedures for construction in UB? EREDENIIN BAT-ÜÜL: Despite the rapid growth in the construction sector, we still need to improve health and safety procedures in order to reduce risks in the work environment. In this regard, we can learn many things from foreign companies about international best practices,…