New Director SouthGobi Resources appoints Bold Baatar as Non-Executive Director
HONG KONG – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the
“Company”) today announced the appointment of Bold Baatar as a non-executive director of the
Company effective immediately.
Ms. Kay Priestly, Chairman of the Board said, “On behalf of the Board, I am pleased to welcome
Bold to the Company. He brings significant skills and experience that will be very valuable to
SouthGobi as we focus on strengthening the Company’s core business performance and
realizing its production potential.”
Mr. Bold Baatar currently serves as the President, International Operations of Rio Tinto Copper
group. Prior to joining Rio Tinto, Mr. Baatar was CEO of Golden East LLC, a gold exploration
and mining company in Mongolia. Previously, Mr. Baatar was CEO of Newcom, where he
managed and built a diverse investment portfolio across the telecom, airline, property
management, mining services and renewable energy sectors. He held senior-level positions
with JP Morgan in London, Moscow and New York, where he acquired extensive experience in
the mergers, acquisitions and divestment arena. Mr. Baatar holds a Bachelor of Industrial
Engineering degree from Mongolian Technical University and a Masters of Business
Administration from the University of Bridgeport in Connecticut, US. Mr. Baatar is Chair of the
Board of the Mongolian National Mining Association and a member of the Executive Board of
Business Council of Mongolia.