Puntsagiin Tsagaan

This biographical article is written like a résumé. Please by revising it to be neutral and encyclopedic. (August 2021)

Puntsagiin Tsagaan
Born	(1959-04-04) April 4, 1959 (age 62) Bulgan Soum of Bayan-Ölgii province Mongolia
Education	Law College Ulaanbaatar, Moscow State Institute of International Relations, National University of Mongolia
Occupation	Entrepreneur international lawyer economist philanthropist, and a former politician
Title	Executive Director of Steppe Copper LLC Founder and a shareholder of Achit Ikht LLC Founder and the Chairman of the Board of Steppe Arena LLC Steppe Metal Powder LLC Owner of Steppe Solar LLC
Spouse(s)	Erdenetsetseg Dayandorj
Children	2

Puntsagiin Tsagaan (Mongolian: Пунцагийн Цагаан; also referred to as Puntsag Tsagaan; born 4 April 1959) is a Mongolian entrepreneur, international lawyer, economist, philanthropist, and a former politician.

He served as the Minister^[1] of Education, Culture, and Science of Mongolia from 2004 to 2006, and Chairman of the Board ^[2] of Economic Policy and Competitiveness Research Center since 2010.

Early life and education[]

Tsagaan was born in in Bulgan Soum of Bayan-Ölgii province in 1959. He attended secondary school No.21 of the capital city, 1966-1976, and the Law College Ulaanbaatar between 1976 and 1979. He is an alumnus of Moscow State Institute of International Relations with an International lawyer degree. Tsagaan received a MA degree in Law from the National University of Mongolia in 1999. 

He completed professional development courses at The Hague Academy of International Law, and International Monetary Fund Training Institute in Tokyo. In 1992, he attended the Maastricht School of Governance. Tsagaan went to George Washington University in 1994 as a visiting researcher where he studied constitutional law, national security, finance, economics, and human rights. He completed a short-term course at Wharton School of Business, conducting research on foreign investment at the United States Library of Congress, and worked as a visiting researcher at Georgetown University.

Career []

Tsagaan worked as an Officer and Chief Coordinator at the Confederation of Mongolian Trade Unions between 1985 and 1990. And delegated the Mongolian workers at the International Labour Organization and actively worked to bring Mongolian laws and regulations in line with international standards and norms.

From 1990 to 1992, he worked as a Legal Assistant to Chimid Byaraa, the Secretary of the State Baga Hural (Parliament) and Secretary-General of the Parliament Secretariat, drafting the New Constitution and contributing to Mongolia's social reform.  

He served in the Government of the Prime Minister of Mongolia, Dashiin Byambasuren, as Deputy Minister of Labour^[3] in 1992; as Assistant in charge of Parliamentary Affairs for Mongolia's first democratically elected president Punsalmaa Ochirbat between 1992 and 1995. 

During the years of 1995-1996, he worked at Mongolia’s very first commercial bank – Golomt Bank, as its first Director-General. From 1996 to 1998, he was the Minister of Finance and implemented radical economic and financial reforms such as liberalizing the base price, dissolving insolvent banks, reviving privatization, free privatization of housing, counting and registering the state properties, zero-rated the customs duties and started the shift to a five-day workweek. From 1998 to 2000, he was the Head of the Democratic Party's Political Department and advised the Government. 

From 2000 to 2004, he worked in the private sector, and during the period between 2004 and 2006, Tsagaan became a Member of the Parliament of Mongolia and worked as the Minister of Education, Culture, and Science, and developed a strategy to reform this sector and implemented numerous programs. The initial decisions were made to establish the Kharakhorum Museum and the Central Museum of Dinosaurs during his time as the Minister of Education, Culture, and Science.

Tsagaan worked as the Advisor to the Democratic Party Caucus in the Parliament during 2006-2008; and during 2009-2016, Advisor on Energy and Mineral Resources; Legal Policy Advisor; Senior Advisor to the President of Mongolia; Chief of Staff of the President of Mongolia^[4] and has been both proactive and productive in ensuring national security, expanding foreign relations, deepening judicial reform, and advancing Mongolian studies.

During his tenure as the Chief of Staff of the President of Mongolia, Tsagaan successfully managed and led the repatriation effort of 70 million-year-old dinosaur skeleton T-bataar - Tarbosaurus bataar, which was smuggled out of Mongolia, falling a victim of international cross-border trafficking and which was sold at the New York Heritage Auction for $1 million.^[5]

He played a leading role in successfully organizing the 11th Asia-Europe Meeting Summit (ASEM11) in July 2016, in Ulaanbaatar, chairing the working group in charge of the conference venue, accommodation, and hotels.

In August 2016, he left the political life altogether upon quitting from his post as Chief of Staff of the President of Mongolia, at his request. 

He is the Founder and the Chairman of the Board of the Center for Economic Policy and Competitiveness Research since 2010.

Family []

Tsagaan is married to Erdenetsetseg Dayandorj, a successful businesswoman who runs their family business Achit Ikht LLC, hydrometallurgical plant, as its Chief Executive Officer. They have two children. 

The eldest son, Munkhtuvshin Tsagaan, owns and runs the  Steppe Link Holding LLC, which was established in 2013 and successfully operates in 12 sectors of information technology, education, culture, art, publishing, construction, real estate, trade, transportation, logistics, contract security, and social protection. 

Munkhtuvshin Tsagaan is also the Founder of ESAN, a project implemented to improve the quality of higher education and ranking of Mongolian universities and contribute to the implementation of the goals set in the education sector. Within the framework of the project, an electronic library of all kinds of materials in the Mongolian language, such as books, textbooks, newspapers, magazines, research works, diplomas, and dissertations was created. The system is encompassed of about 4 million pages of data and offers conversion of printed materials into digital or electronic format using Artificial Intelligence; error correction; plagiarism detector; optical character recognition, citation, etc.

Tsagaan's daughter is a student.

Business[]

Steppe Copper LLC

Since departing from politics in August 2016, he has been working in business and the social sector. He works as the Executive Director of Steppe Copper LLC, which specializes in foreign trade, business consulting, and project development management.

Achit Ikht LLC

Mongolia’s modern hydrometallurgical plant, Achit Ikht

Tsagaan is the Founder and a shareholder of his family business Achit Ikht LLC. The company’s cathode copper plant is Mongolia’s modern hydrometallurgical plant that extracts cathode copper and is built by private investors. It is equipped with the most advanced Leaching – Solvent Extraction – Electrowinning /L-SX-EW/ equipment to process the off-balance mixed ore. The cathode copper plant of the company has created more than 230 workplaces in the local region and has paid around MNT 219.9 billion in taxes to the State budget. Moreover, the company has been awarded “Top 100 companies of Mongolia” for the fourth time.

With the commencement of plant operation, Mine Dump No. 2 of Erdenet plant, which has a long time been viewed as economically unviable and not attractive by domestic and international experts, successfully commercialized to produce an export-oriented product, thus making a meaningful contribution to the Mongolian economy.

Achit Ikht  LLC  joined the London Metal Exchange on January 23, 2019^[6], becoming the first Mongolian company to do so.

Achit Ikht has started issuing preferred shares and paying dividends to its targeted beneficiaries, the company’s employees, and the employees of Erdenet Mining Corporation, since 2018, as part of its social responsibility – with a motto “Resource Benefits for All Employees”. The company’s preference shares have a guaranteed interest rate of 30 percent per annum, which is 2 times higher than an interest of term deposit and 4 times than the interest of current savings. In June 2021, it has paid its 11th quarterly dividends to its preferred shareholders on time despite the country’s difficult economic situation due to the coronavirus pandemic that has lasted for more than a year.^[7]

Steppe Arena LLC

He is the Founder and the Chairman of the Board of Steppe Arena LLC. The company has built Mongolia's first indoor multi-purpose ice rink Steppe Arena that meets the standards of the International Olympic Committee.^[8] 

The groundbreaking ceremony was held on 14 April 2019, and the overall construction spanned about 16 months, which involved a total of 1,600 builders and engineers from 95 Mongolian and 6 foreign companies. The opening ceremony of the venue took place on September 29, 2021, and was attended by the President of Mongolia, other dignitaries, and diplomats. On the occasion of this event, President of the International Olympic Committee Thomas Bach has also sent greetings and congratulated on the establishment of the venue that will allow international sports events to be organized, and wished success for the preparation of athletes for the 2022 Winter Olympics.^[9]

The project was implemented with the main investment of Achit Ikht LLC and contributions of top national companies - MAK LLC, United Project Corporation LLC, and Steppe Link Holding. And Steppe Arena LLC was responsible for constructing the facility.

Steppe Metal Powder LLC

He is the Founder and Shareholder of Steppe Metal Powder LLC, which was established in 2017. The company owns a European standard metal powder production plant, and is set to produce and sell high-quality copper and copper alloy powders for international markets using LME Grade A copper attested by an internationally accredited laboratory. Introducing the most advanced British and German technologies and equipment, the plant has a production capacity of 3,000 metric tons of metal powders per year, with minimal impact on the environment and the surrounding community.

The metal powders produced by Steppe Metal Powder LLC are compatible with the needs of the powder metallurgy industry and rapidly developing processes like metal injection molding, hot isostatic pressing, sintering, and additive manufacturing (3D printing). 

Once commissioned, SMP will become the first metal powder producer in Mongolia and elevate the country’s industrial potential to a higher level. Taking into account the steadily growing global demand for metal powders, the company is planning to export its products primarily to the countries with high demand for metal powders: the European Union, China, Japan, Korea, and India.

Steppe Solar LLC

Steppe Solar LLC was established to reduce air pollution and introduce renewable energy techniques and technologies, at the initiative of Tsagaan in November 2008, becoming the very first renewable energy company in Mongolia. In January 2009, it expanded into a science and production company.

Since 2009, the company has been working with the world-famous German Viessmann Group, which manufactures and installs renewable energy heating equipment, and has since become the Official Representative of the Viessmann Group in Mongolia.

And within the framework of social welfare activities, and as part of efforts to reduce air pollution in Ulaanbaatar, the "first ever Eco Model House"^[10] with geothermal heating system was installed and commissioned in 2009, at no cost, at Sod Kindergarten in Songino-Khairkhan District, which would become the first and only kindergarten with such heating solution.

Steppe Solar regularly conducts measurements and research on the operation of heating systems with ground-water type heat pumps and develops scientific articles, research papers, standards, guidelines, and recommendations on how to install geothermal pumps in Mongolia in accordance with European standards.

Moreover, the company provides estimation and consulting services for businesses, organizations, and individuals on the installation of heat and electricity based on energy-efficient renewable energy sources with low heat loss, and suited to the severe climate of Mongolia.

Steppe Hotel

Steppe Hotel in Khovd province

Puntsagiin Tsagaan is the founder and investor of Steppe Hotel in Khovd province. The construction of the hotel started in May 2017 and officially started operations on May 30, 2018.^[11] and offers modern solutions and innovative design. It is considered to be one of few such establishments built in the remote western region, especially at the rural level, bringing investment and benefits.^[12]

The construction work was carried out by “Khotol Ord” LLC, the interior design by “Lide Partners” LLC, and the “Steppe Solar” LLC performed the outdoor lighting and hot water system, using solar thermal energy. Also, sculptor and artist A.Chadraabal painted the art based on the great Altai mountains and petroglyphs; and created a sculpture “Steed of Tengri”, set outside the hotel. The Mongolian Hotels Association trained the hotel staff to enforce service quality standards.

Steppe Hotel was awarded the “Best New Job Creator” award by the Agency for Labor, Welfare and Services of Khovd province in 2018.

Books and publications[]

Steppe Publishing LLC An avid reader, and history and art enthusiast, Tsagaan founded Steppe Publishing LLC in 2017. The publishing house published about 20 books since its inception, mainly focusing on history, arts, culture, and folklore, such as: "Latin-English-Russian-Mongolian Dictionary of Law", "Laws and Regulations of the Khalkha and Oirats", "Heritage of Mongolian Book and Scripture", "Million Days of Mongolia", "History of the Mongol Empire – 5 Volumes", "Stone Chronicles of Mongol Altai", "Anthology of Darkhad songs", "Oral wisdom of Hövsgöl Uriankhais", "Anthology of Khotgoid songs", "Anthology of Hövsgöl Buryat songs", "White stead of Darkhad", "Shishgid Chronicles, Humorist Darkhad", "An illustration of the oral wisdom of Altai Uriankhais", and on. In 2020, the five-volume history book “History of the Mongol Empire” was selected as the best work of the year.

Tsagaan supported and implemented the “Great Dictionary of the Mongolian Language” project by the researchers from the Institute of Linguistics of the Mongolian Academy of Sciences. He also supported the translation effort of Rashid-Ad-Din’s “Jāmiʿ al-tawārīkh” into Mongolian.

Published Articles

• "Global Development Trends and Mongolia's Double Threshold", 1997
• "Mongolia in 2050", 1999
• "Without a long-term goal, suffering will be imminent - 1", 2015
• “Without a long-term goal, suffering will be imminent - 2 or Reflections on Statehood”, 2015
• Without long-term goals, suffering will be imminent - 3 or Reflections on Elections", 2015
• "Map of Mongolia in Historical Studies", 2016
• "Investment Environment and Ways to Improve It", 2016
• “Let’s elect the presidential candidate as we elected the party leader”, 2017
• “The Contrast between Japanese and Mongolian Bosses”,^[13] 2017
• “Limit the privileges of the boss! Promote civil rights!”, 2018
• “On the problems of enhancing the competitiveness of the Mongolian economy”, 2018
• "О проблемах повышения конкурентоспособности экономики Монголий", 2018
• "Chairman Chimid and Me" memoir, 2019
• "Corporate raiding and Mongolia",^[14] 2020

Professional degree[]

Presenting the IMD World Competitiveness Report

Tsagaan is a Doctor of Economics (Ph.D.). He successfully defended his thesis “Approaches on Improving the Competitiveness of Mongolia”, on July 6, 2018.

The Economic Policy and Competitiveness Research Center (ECRC) he chairs released Mongolia’s first competitiveness report “Mongolia in World Competitiveness Report” in 2010 and has since released 5 annual reports; and started conducting quarterly bank competition, and monthly macroeconomic surveys. In 2013, the Center started conducting competitiveness reports for rural provinces and, city district reports were done for the third time in 2021.^[15]

The Center joined the Global Federation of Competitiveness Council in 2012; and hosted numerous panel discussions in conjunction with local and international organizations such as the Swiss-based International Institute for Management Development, and Think Tanks and Civil Society Program – of the University of Pennsylvania.

Elected positions[]

He holds elected titles such as Member of the World Economic Forum;^[16] Member of the Board of the UNESCO Institute for Information Technologies in Education in Moscow;^[17] Member of the International Union for Prehistoric and Protohistoric Sciences, Member of the Board of the Arts Council of Mongolia,^[18] President of the Mongolian Archery Association,^[19] Member of the Democratic Party's National Policy Committee. He is also a former member of the Board of American University of Mongolia.

He was the President of the “Alumni Association of the Moscow University of International Relations” NGO during 2016 and 2021.

Sports[]

Opening ceremony of the "360 Archery Field"

He is a devoted archery fan as his father, Puntsag Luuzan, taught him archery at an early age. He holds the position of the President of the Mongolian Archery Association,^[20] since June 2014. The Association has 19 clubs and 6 branch associations.

During his Presidency of the Association, a dedicated archery field for both elite and amateur athletes opened in the Mongolian capital of Ulaanbaatar, at his initiative^[21]. The field, named 360, was opened on 1 August 2018 and can support 32 targets at up to 90 meters.^[22]

Philanthropy[]

Tsagaan junior, Munkhtuvshin, runs the family’s “Bilguunzul Foundation” NGO, which strives to protect the rights of disadvantaged children, create and improve their learning environment, provide livelihood support, and improve the education of vulnerable parents who are unable to fulfil their custodial duties. 

“Bilguunzul Foundation” established a Child Welfare Center in Ulaanbaatar for the disadvantaged children which hosts a library and sports, life and art classes, as well as regular social events.

In April, 2021, within the framework of social welfare activities, the Foundation paid a visit to the Special Training and Educational Institution of the Children's Prison No. 411 consulted on cooperation in the field of further education, upbringing, and development of children, and donated computers, textbooks, and classics.

Commemorating the International Children’s Day on June 1, 2021, “Bilguunzul Foundation” commenced its cooperation with the humanitarian aid organization World Vision International to expand its reach, and presented 250 pieces of BOX FULL OF LOVE presents to be gifted to children from six districts of the capital city.

Hobby[]

Tsagaan has a hobby of collecting maps, especially that of Mongolia. He has an extensive collection that consists of different dimensions, and various eras. He plans to set up a map and atlas museum someday.

Another hobby of his is rock arts and petroglyphs. At the initiative of Tsagaan, a non-governmental organization Chuluun Shastir (Rock Shastra) was established in 2016 with the purpose to protect petroglyphs in Mongolia and promote their importance and value to the public. Since its foundation, it has been organizing international conferences, supporting exhibitions and public events, and has been involved in many activities related to the preservation and protection of petroglyphs at the initiative of its members. He was elected as the President of Chuluun Shastir NGO by the majority vote of the Board members in 2016. The vision for the NGO goes back to the early 2000s, as he has always been an advocate on culture and education sectors since his time as the Minister for Education, Culture, and Science of Mongolia.

As he was born and grew up in a mountainous setting, he likes mountain trekking. 

Recognition and awards[]

In 2016, Tsagaan was awarded the Khublai Khan Gold Medal by the Mongolian Academy of Sciences in recognition of his contribution to the development of science, and research, preservation, and inheritance of Mongolian language, script, culture, history, and national art.^[23]

Tsagaan, as a President of the Mongolian Archery Association, was awarded the "Best President of Sports Association - 2018"^[24] for his initiation and support of implementation efforts of the "360 Archery field".

He was also rewarded the “Order of Merit” by the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation in October 2019.

At the 2021 Web Awards Mongolia, Mr. Tsagaan Puntsag was bestowed with the Meritorious Citizen Supporting Social Development Award, jointly awarded by the Mongolian Web Site Association, the Mongolian Union of Journalists, the Communications and Information Technology Authority, and the Communications Regulatory Commission. The awarding organizations honored Mr. Tsagaan’s contributions to Mongolia’s socio-economic development by establishing and leading the Economic Policy and Competitiveness Research Center (EPCRC). For more than 10 years, the EPCRC has conducted research, analysis, and reporting on Mongoliancompetitiveness at national, provincial, and district levels. As a result, the EPCRC has provided a valuable reflection of Mongolia’s economic and social development over time. In addition, Mr. Tsagaan led a project to build a modern archery field called “Archery - 360” that meets international standards. More recently, Mr. Tsagaan initiated and managed the construction of Mongolia’s first-ever indoor ice rink and multipurpose complex, the Steppe Arena, which meets International Olympic Committee standards. Steppe Arena was built and commissioned in a rapid timeframe and with the support of socially responsible Mongolian private companies. Mr. Tsagaan is a public figure who is actively committed to the creation of new services, new products, and new standards.

References[]