FOCUS ON MONGOLIAN MINING CORPORATION, MONGOLIA’S FLAGSHIP PUBLIC COMPANY

This article is based on data from an interview with Mongolian Mining Corporation CEO Dr. Battsengel Gotov on February 13, 2012, data gathered attending Coal Mongolia 2012 February 9 and 10, 2012, trips by the author to Mongolia in September 2011 and February 2012, and a review of recent Mongolian Mining Corporation activity and news.

In two trips to Mongolia, I have met with eight different locally run brokerage companies and a host of other investment professionals. I always try to find out what companies they like, what companies they don’t like, and why. From this informal survey, Mongolian Mining Corporation (MOGLF.PK) always scores the highest. The reasons cited for this acclamation sound almost boring: “they don’t over-promise,” “they always do what they say they are going to do,” “they have good relationships with their customers,” “there is good transparency in their announcements and reports,” “it’s a well run company.”

Mongolian Mining Corporation is Mongolia’s premier publicly listed company and its primary owner is Mongolia’s largest private company. The company is intimately tied to the economy, politics and bus.

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