T.Munkhbayar is a founder of Imperial Castle LLC and holds shares from those subsidiaries and strategy partner companies since 2006.
He was hold both state owned and privately owned mining, infrastructure and construction companies for last two decades. One of the significant and proudly hold positions was CEO of Erdenes Silver Resource LLC, 100% state owned first ever Silver-Gold mining company of Mongolia. Remarkable performance was known as “President of Mongolia Kh. Battulga announced one-time payment of pension backed loan for the senior, 2020 new year eve”.
That has been a first ever a model project and implementation that has benefited the people through the benefits of mining to the state.
He had accomplished total of 1.2 trillion MNT of loan paid off, which 215 billion MNT which is about 100 million dollars by cash for only 10 months of efficient and effective management strategy successfully.
This performance is the result of successful efforts to improve underlying costs, efficiencies and technical performance; to optimize the company’s asset portfolio and growth pipeline; and to strengthen the balance sheet. Mr. T. Munkhbayar holds Masters of law, Public administration and Bachelor’s of accounting degrees and he and his wife Mrs. Myagmarzaya live in Ulaanbaatar with their lovely 4 children.
