Rio Tinto’s Oyu Tolgoi new CEO set to end mine’s disputes

/rio-tintos-oyu-tolgoi-new-ceo-set-to-en

  • Grand ménage chez Oyu Tolgoi. Après que la Mongolie ait viré ses représentants au conseil (cf. http://seenthis.net/messages/166491 ), c’est maintenant Rio Tinto qui vire le PDG.

    Les négociations vont pouvoir reprendre avec de nouvelles têtes.

    Rio Tinto’s Oyu Tolgoi new CEO set to end mine’s disputes | MINING.com
    http://www.mining.com/rio-tintos-oyu-tolgoi-new-ceo-set-to-end-mines-disputes-69718

    Craig Kinnell, a top copper marketing executive at giant Rio Tinto (ASX, LON: RIO), is the new president and chief executive officer of the miner’s huge Oyu Tolgoi copper and gold mine in Mongolia.

    Kinnell, who will take over Cameron McRae on October 1, when the current CEO leaves Rio Tinto, faces ongoing challenges as the government of Mongolia, which owns 34% of Oyu Tolgoi, has been at loggerheads with operator Turquoise Hill Resources (TSX:TRQ) for months. The Canadian company, controlled by Rio, is the owner the remainder of the mine.

    The Asian nation twice held up shipments from the mine, due to disagreements over the mine’s expansion, which Turquoise Hill (then Ivanhoe Mines) has been advancing for more than a decade.