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Erdene Resource Development appoints Byambasaikhan Bayanjargal to board

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Staff Writer | Dartmouth, NS, Canada | March 23, 2018
Byambasaikhan BayanjargalErdene Resource Development, an exploration company, has appointed Byambasaikhan Bayanjargal to the company's board of directors as a non-executive, independent member.
Mr. Bayanjargal has 20 years of professional experience in managing and closing several landmark energy, infrastructure and mining transactions in emerging Asian markets.

Mr. Bayanjargal was CEO of Newcom Group, a premier Mongolian technology investor, and chaired the boards of its several joint ventures, including MobiCom Corp., Mongolia's largest telecom operator, and Clean Energy.

Mr. Bayanjargal managed and built Mongolia's first independent power producer (IPP), a 50-megawatt wind farm, in 2012.

He also served as the CEO of Erdenes Mongol, Mongolia's sovereign wealth management company, where he chaired multiple mining company boards.

Prior this this, Mr. Bayanjargal was a banker at the Asian Development Bank, developing and financing power generation, transmission and distribution projects in Central Asia, including a 900-megawatt power plant in Uzbekistan.

Mr. Bayanjargal is currently serving as the managing partner of NovaTerra LLC, an investment management firm that he co-founded in 2013.

Mr. Bayanjargal also chairs the Business Council of Mongolia, an association of 250 international and Mongolian investors.

He is a trustee of the National University of Mongolia, Zorig Foundation USA and the Arts Council of Mongolia, and serves as honorary consul of South Africa in Mongolia.

Mr. Bayanjargal is a graduate of the National University of Mongolia and the George Washington University.

In 2014, he was recognized as a young global leader by the World Economic Forum.