Mongolia: A Rapidly-Growing Economy with a Vibrant Mining Sector
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Tue, June 15, 2021 at 9:00 AMendedReplay
Investor webinar replay
Meeting Overview The meeting featured a panel discussion with key figures from the Mongolian natural resources sector, including Batta Tumur Ocher, Altai Kangai, and Norman McDonald. The focus was on the investment landscape in Mongolia, particularly in the mining and capital markets, highlighting opportunities and recent developments. Key Discussion Points - Introduction of panelists and their backgrounds in the Mongolian natural resources sector. - Discussion on Mongolia's potential as an investment destination for natural resources. - Overview of Mongolia's economic indicators, including GDP and vaccination rates. - Presentation on the Mongolian Stock Exchange's growth and recent developments, including partnerships and new products. - Insights into the upcoming IPOs and the expected listing of Stepgold on the Mongolian Stock Exchange. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Follow up on the launch of the first ETF on the Mongol...
Mr. Bataa Tumur-Ochir is a Mongolian national that that serves as CEO and Director of Steppe Gold, responsible for new business acquisitions, development and government and community relations. He is also responsible for Steppe Gold’s daily operations in Mongolia. Bataa has over 10 years of experience in the mining industry, and is an advisor to Mongolias Ministry of Mining and Heavy Industry. He holds a Bachelor’s Degree in Business Administration and graduate certificates in international business and marketing from Australia and Singapore.
Mr. Khangai is the CEO of the Mongolian Stock Exchange (MSE), re-appointed since September 2016. He is an active promoter of the capital markets to the investor community and potential issuers, as result, the Mongolian capital market is going through an IPO boom since late 2017 and welcomed investments into the local capital markets by well-known international institutional investors. During his time of service at the MSE, the markets capitalization of the Mongolian capital market jumped to USD2.0 billion in 2011 from USD400.00 million in 2009.
His previous work experiences include MRI – Swiss-based commodity trading house, Toronto-based Centerra Gold Inc., the Personal Aide to the Mongolian Prime Minister and the Special Advisor to the Prime Minister. He is an Honorary President of the Mongolian-British Chamber of Commerce and a founding partner of one of the local real estate development companies.
Norm brings over 25 years of experience in institutional investment management expertise, particularly in the area of natural resources. He brings a unique perspective to the team having managed money through numerous commodity cycles over the past 25 years, and shares a particular passion for Mongolia as an investment destination.
Prior to Fort Capital, Norm was Vice President, Investments with Invesco and Vice President and Portfolio Manager with Salida Capital.
Norm earned a Bachelor of Commerce Degree from the University of Windsor and is a CFA Charterholder.
Replay transcript excerpt
Speaker 1: Hello everyone and welcome to today's live web host by 6. This is the Mongolia panel. Today we're joined by Bata Tumur Ocher, the CEO and President of Stepgold, Speaker 1: Altai Kangai, the CEO of the Mongolian Stock Exchange, and Norman McDonald, as a partner at Fort Capital with 25 years of investing in the natural resource sector. Speaker 1: Our speakers today aim to provide an insightful and informal conversation, Speaker 1: which afterwards we'll move to a live Q&A session where we'll be accepting questions. You can submit your questions at any time by using the Q&A panel on the right-hand side of your screen. And as always, the summit is being recorded and will be available to watch afterwards on SIX.com. Speaker 1: So without further ado, I'm going to go around the horn. Batta, I'd like you to introduce yourself, introduce your company, Speaker 1: give a little bit of an elevator pitch, and we'll move around the group to get things started. Speaker 2: Okay. Speaker 2: Thank you for joining us. My name is Batta. I'm a Mongolian national. Speaker 2: I've been working for Stepgold as an executive director since Speaker 2: its establishment in 2016. Speaker 2: Stepgold is a newly gold and silver producer in Mongolia. Speaker 2: The company did an IPO at Toronto Stock Exchange Speaker 2: in 2018, Speaker 2: commissioned the mine and plant in 2019, and commenced Speaker 2: commercial gold production last year. I also worked as a director at TSX-listed Speaker 2: Iron Energy, Speaker 2: a new lithium exploration and development company Speaker 2: with the most significant exploration package in Mongolia. Speaker 2: And I also work as a director at arranging resources at CSX listed new copper exploration company. Speaker 2: Thank you. Speaker 1: Wonderful. ...
