Vice Minister of Mining and Heavy Industry Kh.Badamsuren has been appointed as director of the Erdenet Mining Corporation (EMC), one of the biggest ore mining and processing plants in Asia. The EMC board confirmed the decision at a meeting earlier today (24th of November).
The director of EMC is selected by a 66% vote of board members, according to Ts.Nyam-ochir, head of the Government Procurement Agency of Mongolia. The executive board consists of seven members; four of them are delegated by the Mongolian government, which owns 51% of EMC; the other three are from the Mongolian Copper Corporation (MCC), which owns the 49% balance of EMC shares.
Kh.Badamsuren, 61, previously worked as a director of the Mongolrostsvetmet LLC from 1994-2006. He was a member of the Mongolian parliament in 2008-2012 and worked as a civil servant for 32 years.