He is a Nyingma Buddhist statue and also an important spirit to the shamans in Mongolia. He is sometimes thought to be the same as Dorje Legpa and sometimes thought to be in Dorje Legpa's retinue of spirits.
He rides a goat with twisted iron horns, carries a hammer, and - although it's hard to make out if he is or not- carries blacksmith's bellows made from tiger skin.
~ Definition Courtesy: Nick Breeze