Rio’s Andrew Woodley to Take Over Oyu Tolgoi Mine Amid Disputes
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Rio Tinto Group’s copper mining unit in Mongolia said Andrew Woodley will take over as president, handing him the job of managing a dispute with the government over developing one of the world’s biggest deposits of the metal.
The unit, Oyu Tolgoi LLC, and Mongolian authorities set a target for the end of this month to agree on $4 billion in financing for the copper and gold mine that bears the company’s name, though two previous deadlines have been extended.