The Board consists of eight Directors, comprising two Executive Directors, three Non-Executive Directors and three independent Non-Executive Directors.

Odjargal Jambaljamts

Executive Director and Chairman of the Board

Mr. Jambaljamts was appointed as an Executive Director of the Company in May 2010. He is also the Chairman of the Nomination Committee and a member of the Remuneration Committee.

Mr. Jambaljamts is a graduate of the Kiev Polytechnic Institute, Ukraine, and holds his master’s degree from the Maastricht School of Management, Ulaanbaatar, Mongolia. From 1993 to the present, Mr. Jambaljamts has been the Chairman of MCS Group, which includes MCS Mining Limited, the controlling shareholder of the Company. Under his management, MCS Group has become one of the largest and most diversified privately-held holding companies in Mongolia.

Battsengel Gotov

Executive Director and Chief Executive Officer

Dr. Gotov was appointed as an Executive Director of the Company in May 2010. Dr. Gotov was awarded a master’s degree in science and a PhD in organic chemistry by the Comenius University, Slovakia. Having started his professional career as an Assistant Professor at the Comenius University, Dr. Gotov worked in highly successful projects both in Mongolia and abroad. Since 2004, Dr. Gotov served at various managerial positions within the MCS Group of companies.

Dr. Gotov joined the Group in 2008 as Chief Executive Officer of Energy Resources LLC and was instrumental in successful transformation of the Group’s operations from a green field project to a fully-integrated coal mining, processing, transportation and marketing platform.

Dr. Gotov is a board member of the Mongolian National Mining Association and the Mongolian Coal Association, and is also a member of the Mongolian Mineral Resources Policy Council.

Enkhtuvshin Gombo

Non-Executive Director

Ms. Gombo was appointed as a Non-Executive Director of the Company on 30 September 2017. She is also a member of the Audit Committee.

Ms. Gombo was awarded a bachelor’s degree in Banking and Finance by the Economics College of Mongolia in 1994 and was awarded a master’s degree in International Banking and Finance at Birmingham University Business School, United Kingdom.

Ms. Gombo started her career at the MCS Group as a financial analyst in 2003 and since then has held various managerial positions within the MCS Group. She is currently serving as the Vice President of MCS Holding LLC. During her tenure with the MCS Group, she gained extensive experience in strategic planning, valuation of investment decisions, financial reporting and accounting.

Od Jambaljamts

Non-Executive Director

Mr. Jambaljamts was appointed as a Non-Executive Director of the Company on 4 July 2012. He is also a member of the Corporate Governance Committee.

Mr. Jambaljamts was awarded a bachelor’s degree in International Relations from the Institute for International Relations, Russia and a master’ degree in arts majoring in foreign affairs from the University of Oxford, United Kingdom.

Mr. Jambaljamts is the President of MCS Group and a Director of number of subsidiaries within the MCS Group.He has over 20 years of experience in both private and public sector of Mongolia and has extensive experience in working with companies in diversity of fields. Mr. Jambaljamts also serves as an Honorary Consul of the Kingdom of Denmark in Mongolia, a member of the National Council of the Pacific Economic Council, and is a board member of the Osazawa foundation.

Enkhtuvshin Dashtseren

Non-Executive Director

Mr. Dashtseren was appointed as a Non-Executive Director of the Company on 4 January 2018.

Mr. Dashtseren was awarded a bachelor’s degree in Finance and Management by the National University of Mongolia in 1997.

Mr. Dashtseren joined the MCS Group in 1997, was appointed as the Chief Financial Officer of the MCS Group in 2002, and was subsequently appointed as the Vice President for Corporate Strategy in 2005.

Also, Mr. Dashtseren served as the Chief Marketing Officer of the Company during 2008-2014. He was instrumental in developing the Company’s sales and marketing strategy to penetrate the coal markets in China and also managed initial trial shipments to seaborne markets, namely Japan and India. He is currently serving as the Vice President of MCS Holding LLC.

Unenbat Jigjid

Independent Non-Executive Director

Mr. Jigjid was appointed as an independent Non-Executive Director of the Company on 16 September 2010.

Mr. Jigjid is also the Chairman of the Corporate Governance Committee and a member of the Audit, Nomination and Remuneration Committees.

Mr. Jigjid was awarded a master’s degree in economics by the Moscow Institute of Economics and Statistics, Russia, and a master’s degree in international affairs by Columbia University, USA.

During his remarkable tenure in the public service, Mr. Jigjid served as the Governor of the Bank of Mongolia and as the Executive Director of the Mongolian Bankers Association.

Since 2009, Mr. Jigjid has been an Executive Director of the Corporate Governance Development Center in Mongolia. He is also a Supervisory Board Member of the Bank of Mongolia and the Micro Finance Development Fund. From October 2010, Mr. Jigjid also serves as a Director of Golomt Bank and Resources Investment Capital.

Khashchuluun Chuluundorj

Independent Non-Executive Director

Dr. Chuluundorj was appointed as an independent Non-Executive Director of the Company on 8 January 2016.

Dr. Chuluundorj is also the Chairman of the Remuneration Committee and a member of the Audit and Nomination Committees. He was awarded a bachelor’s degree in economics from the Moscow State University, Russia in 1989, a master’s degree in economics from the Graduate School of Economics, Yokohama City University, Japan in 1996 and a PhD in international economics from the Graduate School of Economics, Keio University, Japan in 2003.

Dr. Chuluundorj is a Professor at the Department of Economics of the National University of Mongolia, and a member of the Academic Council and the Supervising Board of the National University of Mongolia. He is also an Executive Director of the Mongolian Oil Shale Association and a Director of Ulaanbaatar City Development Corporation. From 2009 to 2012, he served as the Chairman of National Development and Innovation Committee of Mongolia, a government agency in charge of national development strategy and investment policy. As one of the leading economists of the country, he managed government efforts to adopt economic and development policies and legislation in wide range of fields and hugely contributed in successful implementation of major economic development programs in Mongolia.

Chan Tze Ching, Ignatius (陳子政)

Independent Non-Executive Director

Mr. Chan was appointed as an independent Non-Executive Director of the Company on 16 September 2010.

Mr. Chan is also the Chairman of the Audit Committee and a member of the Corporate Governance Committee.

Mr. Chan was awarded bachelor’s and master’s degrees in business administration from the University of Hawaii, USA, and is a Certified Public Accountant with the American Institute of Certified Public Accountants. Throughout his extensive professional career, Mr. Chan held various positions in both international and national financial institutions in Hong Kong, as well as notable community and public service institutions.

At present, Mr. Chan is a member of the Disciplinary Appeals Committee of the Hong Kong Securities Clearing Company Limited, an independent Non-Executive Director of Hong Kong Exchanges and Clearing Limited (Stock code: 388), the shares of which are listed on the SEHK. Mr. Chan was appointed as a senior advisor of The Bank of East Asia on 1 March 2009 and of CVC Capital Partners Limited on 1 November 2010. He was appointed as an Honorary Advisory Vice President of the Hong Kong Institute of Bankers on 14 February 2011.