company:oyu tolgoi

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.

La Mongolie vire le responsable de sa participation dans la mine Oyu Tolgoï (19/08/13).

▻http://www.miningweekly.com/article/government-ousts-mongolias-oyu-tolgoi-chief-after-mine-delay-2013-08-1

Mongolia has sacked the head of the company that owns its stake in the Oyu Tolgoi copper and gold mine, in a move designed to appease Rio Tinto, the global miner and its partner in the operation.

A company official at Erdenes Oyu Tolgoi, who declined to be identified, said on Monday that politician Davaadorj Ganbold had been named as chief executive, replacing Tserenbat Sedvanchig, who had been in place only since December.

Apparemment, le petit problème de compréhension est de sa faute…

Sedvanchig has been blamed for triggering a misunderstanding after he sent a letter to Rio last month saying the financing of that project could go to Parliament for approval.

Rio Tinto, whose Turquoise Hill Resources unit owns 66% of Oyu Tolgoi, warned at the time Parliamentary approval would be a complex process that would take some time.
The government later clarified that Parliamentary approval was not needed, although the government did have questions about the project financing for the project, which is expected to boost the country’s economy by 35% by 2020.
(…)
Sedvanchig said last month that the government still has 22 points of dispute with Rio Tinto, operator of Oyu Tolgoi, including what he called violations of the Mongolian legislation and their investment agreement.

D. Ganbold a été le président du Parti national du progrès de Mongolie, fusionné (2 fois) pour constituer le Parti démocrate, principal parti de la coalition au pouvoir.

Oyu Tolgoï aurait déjà viré environ 2000 personnes (14/08/13)
Rio Tinto cuts about 2,000 jobs at Oyu Tolgoi — report | MINING.com
▻http://www.mining.com/rio-tinto-cuts-about-2000-jobs-at-oyu-tolgoi-report-96526

Mining giant Rio Tinto (ASX, LON, NYSE: RIO) is said to have laid off about 2,000 workers at its $6.6 billion Oyu Tolgoi mine in Mongolia, amid negotiations between the company and the government on how to share revenue from the mine.

Rio Tinto va licencier dans sa mine géante de cuivre en Mongolie
▻http://www.lemonde.fr/asie-pacifique/article/2013/08/15/mongolie-rio-tinto-va-licencier-dans-sa-mine-geante-de-cuivre_3461847_3216.h

Rio Tinto va licencier prochainement jusqu’à 1 700 personnes dans sa mine de cuivre en Mongolie, sur fond de mésentente entre le géant minier anglo-australien et le gouvernement d’Oulan Bator, a annoncé l’entreprise, jeudi 15 août. Oyu Tolgoi, « la colline turquoise », est située dans le sud du désert de Gobi, qui recèle un des gisements de métal rouge les plus vastes du monde. La production a démarré cet été, et le gouvernement réclame l’examen du financement du site devant le Parlement.
(…)
La mine emploie 10 888 personnes, dont 90 % de Mongols
(…)
Les premiers acheminements extraits de la mine étaient initialement attendus dès juin mais ont été retardés pour cause de mésentente entre Rio Tinto et le gouvernement, notamment sur les conditions de rapatriement des bénéfices.

En fait, la première expédition de cuivre a eu lieu il y a un mois
▻http://ubpost.mongolnews.mn/?p=4801 (14/07/13)

Yesterday [ie 13/07/13], Oyu Tolgoi launched the export of its copper concentrate and sent its first ever shift of 40,000 tons of copper concentrate. Oyu Tolgoi, the third biggest copper deposit in the world, now enters circulation in the marketplace. The export launch is a very big step for both Oyu Tolgoi and Mongolia for creating a secure and sustainable mining sector.
(…)
A line of 16 trucks with loads of 576 tons of copper concentrate each, set off to Gashuun Sukhait port. The first shift of copper concentrate is 5,800 tons and the remaining product will be delivered after the observance of Naadam [fête nationale].

Il semblerait que le gouvernement conteste les 2 milliards de dollars de dépassement de budget dans les comptes de OT et RT
▻http://ubpost.mongolnews.mn/?p=5470 (15/08/13)

The Mongolian government and Oyu Tolgoi stakeholder, Rio Tinto, Turquoise Hill Resources and Oyu Tolgoi LLC still remain in dispute about the alleged two billion USD budget overshooting, additional investment and other matters. The government has assigned a task force to audit the company’s reports, with the audits set to be discussed by parliament.

No prob, dude , on licencie 15% du personnel, pour voir, et on continue à causer…