18/06/2026
Explosive allegations about 75-year-old mining executive’s links to a high-ranking Mongolian politician have been revealed in court where he faced 13 child exploitation charges.
It comes after the Australian Federal Police arrested Ole James Saeverud, 75, at an Ilbilbie home, south of Mackay, on Wednesday. Magistrate Bronwyn Hartigan told the court that in January 22, 2020 the AFP received an anonymous Crime Stoppers report alleging Mr Saeverud was involved in child exploitation in Mongolia, “whilst working as a mining company executive”.
So what was the Mining Companies name?? https://www.couriermail.com.au/news/queensland/whitsunday/mining-executive-denied-bail-after-facing-13-child-exploitation-charges-across-the-world/news-story/93440d90cb3963493428ccf12056417d
Queensland Coal miner TerraCom (ASX: TER) has announced the discovery of a thick coal deposit close to its Baruun Noyon Uul (BNU) coking coal mine in Mongolia.
The new Permian coal deposit, now being referred to as BNU South as it is situated about 12km south of the mine’s infrastructure, was uncovered during an exploration program targeting shallow open cut mineable coal within the company’s Mongolian mining licences. https://smallcaps.com.au/article/terracom-new-coal-discovery-mongolia
Ole James Sæverud is a former mining executive previously associated with Oyu Tolgoi LLC in Mongolia and TerraCom. He was arrested in Queensland, Australia, on June 16, 2026, and denied bail. Sæverud faces serious criminal charges, including 11 counts of possessing child abuse material outside of Australia
TerraCom purchased the mine, near Clermont, for just $1, from the Palaszuk Government, the deal includes $79.6 million from the mine’s previous owners, and all the equipment. The $79.6 Million was for the Rehilabiation of the Blair Athol Mine, Terracom used this money to acquire the Mongolian mine. Blair Athol Joint Venture, to be held in a government-controlled trust fund to help rehabilitate the site. The company says recommencing operations at Blair Athol would create 150 direct positions at the mine and a further 450 indirect jobs. TerraCom board member and former Brisbane lord mayor Jim Soorley said the mine’s reopening would provide a huge boost to the region’s economy, and Queensland’s state coffers. What is in Gobi?
TerraCom Mining is based in Gobi, though and they just secured the Blair Athol Mine for $1 which included $79.6 million in assets. TerraCom is also located in Mongolia and Indonesia which was also a part of the the former Ipswich Mayor's trip.
SOORLEY GIG
MINING company TerraCom has attracted another ex-politician, this time former Brisbane Mayor Jim Soorley. TerraCom, which mines coking coal in far off Mongolia, has a bit of a reputation for attracting political types.
Former Labor minister Craig Wallace is TerraCom’s deputy chairman and for a while Townsville Mayor Tony Mooney was the company’s general manager of stakeholder relations.
Peter Lindsay, a former Liberal Party federal parliamentarian, was chairman until 2013 when the company was called Guildford Coal. In 26 April 2017, Queensland Times Reported that Former Mayor Paul Pisasale and Former Ipswich CEO Mr Lindsay went to China on ratepayers funds and then Mr Pisasale went to Gobi In Mongolia.
TCCP is not saying anyone other than Ole James Sæverud has been charged with or involved in the child exploitation or other related offences.
Explosive allegations about 75-year-old mining executive’s links to a high-ranking Mongolian politician have been revealed in court where he faced 13 child exploitation charges.
