Byambasaikhan Bayanjargal
Quick Facts
Biography
Byambasaikhan Bayanjargal is a Mongolian business executive specialized in energy, infrastructure and mining investment and financing. He played leading roles in closing several of Asia's landmark project finance transactions.
Byambasaikhan is a Managing Partner of NovaTerra LLC, an investment and project management firm based in Ulaanbaatar. In 2015-2016, he was the CEO of Erdenes Mongol, Mongolia's sovereign wealth management company, where he chaired multiple mining company boards and was a board director of Oyu Tolgoi LLC, a world-class copper and gold mine managed by Rio Tinto.
In 2015, he was the Mongolian Government’s chief negotiator who ended a five-year dispute between the Government of Mongolia and Rio Tinto. This led to signing a $4.4 billion project finance deal with 20 leading banks to finance Oyu Tolgoi’s underground mine construction.
From 2010-2013, Byambasaikhan served as CEO of Clean Energy LLC and then was promoted to CEO and Managing Director of Newcom Group, a Mongolian clean technology and infrastructure investor, where he managed and closed the financing ($120 million) for the first wind farm Salkhit / IPP in Mongolia with EBRD and FMO. He also chaired the board of Mobicom Corporation, the country's largest telecom and IT firm, a JV with Sumitomo and KDDI.
Byambasaikhan also chairs the Business Council of Mongolia, a leading business association of 260 international and national investors including GE, Rio Tinto, Engie and Sumitomo.
Education
Byambasaikhan holds a Master of Arts in International Economics from George Washington University and a Bachelor of Arts degree in International Affairs from the National University of Mongolia.
Awards and honours
- In 2015, Oyu Tolgoi underground mine project finance transaction ($4.4 billion) was recognized as mining deal of the year by Project Finance International.
- He was recognized as a Young Global Leader by the World Economic Forum in 2014.
- Salkhit Wind Farm ($120 million) transaction was recognized as deal of the year by Project Finance International.