Rio Mongolia Copper Mine Replaces Board Members Amid Dispute
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Rio Tinto Group’s Oyu Tolgoi venture, a $6.6 billion copper and gold project in Mongolia, replaced three board members as it seeks to break an impasse with the country’s government over financing for the mine.
The new directors are Davaadorj Ganbold, executive director at project partner Erdenes Oyu Tolgoi LLC, Ganzorig Temuulen, deputy director of parent company Erdenes MGL LLC, and Chuluuntseren Otgochuluu, director-general of the Ministry of Mining’s Department of Strategic Policy and Planning, Ganbold said yesterday by telephone from Ulaanbaatar.