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Rio Tinto expands its presence in Mongolia

January 23, 2018 • Mining & Resources

Rio Tinto has strengthened its presence in Mongolia with the establishment of a new office that will house its exploration team and the Mongolia Delivery Centre (MDC), the local branch of Rio Tinto’s Information Systems and Technology (IS&T) team.

The new office, which will expand the company’s national employee numbers to around 80, will be led by Mr Munkhtushig Dul in coordination with the management of Oyu Tolgoi LLC, one of the most exciting developments in copper and gold mining in the world.

Rio Tinto chief executive J-S Jacques said the move reflected the company’s unwavering commitment to the country.

“Mongolia is one of Rio Tinto’s most strategically important markets and we are here to stay. We have invested more than $7 billion in Mongolia since 2010, including salaries, supplier payments, investment in the community, and $1.5 billion in taxes, royalties and other payments to the government of Mongolia,” he stated.

“Today we are demonstrating the deepening of our commitment to Mongolia through the establishment of a new country office under new Mongolian leadership to support our exploration, global technology services efforts and relationships in country.”

“We are proud to partner with Mongolia to build one of the best copper and gold mines in the world, supplying the essential materials used in everyday life.”

Mr Dul, who has more than 20 years’ experience in public service, mining and the commodities industry, said he was excited to join a company that is dedicated to being ‘a strong partner’ with Mongolia.

“Through its shareholding in Oyu Tolgoi, Rio Tinto has invested heavily in Mongolia and is committed to evolving this into a deep and mature partnership for the long-term,” he continued.

“I am looking forward to helping shape the pathway for Rio Tinto’s growing investment in our country.”

Image credit: www.riotinto.com

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