Member's Success stories
Munkhbat Chuluun, President and Executive Director of SouthGobi Sands LLC
AmCham is pleased to feature an interview with Mr. Ch. Munkhbat, President and Executive Director of SouthGobi Sands LLC
How did you get where you are today, and who or what helped you along the way?
I have taken on over 27 years of senior roles in different organizations: a Japanese NGO, World Bank, Asian Development Bank, international publicly listed companies, and state organizations in Mongolia. Managing operations in different fields and jurisdictions, I have gained wonderful management experience, and knowledge about working people and financial issues. I trained a micro credit program in Bangladesh by Grameen Bank and got great experience in fieldwork. Managing a public company is very challenging work. Companies should be open, transparent, and accountable, as well uphold the integrity of its shareholders.
What are the principles you adhere to in business?
I believe that responsibility, respect, teamwork, and integrity are the most important principles. Also, accountability, being honest, commitment, and contributing to the company’s sustainable development.
What shortcoming has been the most challenging for you in business?
Bureaucracy, a lack of professionally trained central and local government staff, a lack of stability and professionalism; trying to reduce the lists of official permissions.
After all of this success, what do you struggle with now?
For the coal business, I think the most important thing is change in the old methods of management, and to change the government and the public’s perceptions of the coal industry. It is important to have a greater level of transparency, to have high integrity and ethical standards. It is still quite hard to do distinguish between private and public companies.
What is the most recent business achievement you would like to highlight right now?
Mongolian youth can fulfill international standards for technique and management. We provide our employees, who can manage and repair high-quality heavy machinery, with these skills. Our company has exported 4.5 million tons of coal to China. We were recognized by the Mongolian National Chamber of Commerce and Industry and Mining Magazine as the best company in Mongolia in 2017.