A published report says Jim Doak, a well-known Bay Street personality who regularly appeared as a commentator on business channel BNN, has died while on business in Mongolia.
The Globe and Mail, citing sources, said Doak, 59, who was chairman of uranium exploration and development company Khan Resources, was found dead Thursday morning in a hotel room.
The president of Khan Resources did not immediately respond to an email asking for confirmation.
The federal government confirmed a Canadian has died in Mongolia but would not provide further details.
Doak, 59, was a frequent commentator on the business channel BNN. (Khan Resources)
A spokesman for Foreign Affairs says consular officials in the Mongolian capital of Ulaan Baatar are in contact with local authorities to gather more information.
Khan Resources website says the company was involved in the development of the Dornod uranium property in Mongolia and became embroiled in a dispute with the Mongolian government over the mining rights.
"In 2010, the government of Mongolia refused to reissue to Khan the required licenses for the Dornod property, which effectively resulted in 100 per cent expropriation of the asset without any compensation," a statement on the company's website says. "As a result of these actions, Khan has launched a $326 million US international arbitration action against Mongolia for the illegal expropriation of its asset in January 2011. The international arbitration action is currently in process."
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