Mongolian appointed president in Rio tinto

Ulaanbaatar /MONTSAME/ Media release came April 24 from registered in Australia Rio Tinto Limited, 120 Collins Street, Melbourne 3000 Australia, about Rio Tinto Copper's naming a new president, International Operations. "Rio Tinto has appointed Bold Baatar as president, International Operations, of its Copper group effective from June 3. Bold Baatar, a native Mongolian who has served as an advisor to Rio for the past three years, will be based in London. Bold comes to Rio Tinto from Golden East LLC, a gold exploration and mining company. "Rio Tinto Copper chief executive Jean-Sebastian Jacques said Bold Baatar will be a strong addition to Copper product group. His role will be to ensure safe and efficient operations at projects and sites in Australia, South Africa, Papua New Guinea, Indonesia, Alaska; oversee specific divestments within the Copper group, and help to consolidate the Copper portfolio. In addition, he will establish strong partnerships between Copper International Operations and our service and support functions and will be the catalyst for constructive interactions with Rio Tinto group functions. "Bold Baatar said, 'I am very pleased to be joining Rio Tinto, one of the world's foremost mining organizations. I have been fortunate to serve as an advisor to Rio Tinto, and thus have observed the company's operations in Mongolia through its development of Oyu tolgoi. I am looking forward to being part of its international operations." "Prior to Golden East (Altan Dornod Mongolia), Bold Baatar was CEO of Newcom, where he managed and built a diverse investment portfolio across telecom, airlines, property management, mining services and renewable energy. Previously, he held senior-level positions with JP Morgan in London, Moscow and New York, where he acquired extensive experience in the mergers, acquisitions and divestment arena. "Rio Tinto Mongolia country director and president and chief executive of Oyu Tolgoi, Cameron McRae said Bold's appointment is also positive news for Mongolia and its mining industry. "As a respected business and civic leader, his advice often is sought by government, industry and civil society organizations as they work to balance a business-friendly investment environment with protecting Mongolia's interests. "Bold Baatar is Chair of the Mongolian Mining Association Board and a member of the Executive Board of Business Council of Mongolia. A native Mongolian, Bold Baatar holds a Bachelor of Industrial Engineering degree from Mongolian Technical University and a Masters of Business Administration from the University of Bridgeport in Connecticut, US."