Rio Tinto has named a native Mongolian as its new copper group international operations president to be based in London. Bold Baatar has advised the company for the past three years and comes to the new position from gold exploration and mining company Golden East LLC.
Rio Tinto Copper chief executive Jean-Sebastian Jacques says Bold Baatar makes a strong addition to the 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 says he is very pleased to be joining 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.”
Rio Tinto Mongolia country director and Oyu Tolgoi LLC chief executive Cameron McRae says Bold’s appointment is also positive news for Mongolia and its mining industry. “As a respected business and civic leader, his advice is often sought by government, industry and civil society organisations as they work to balance a business-friendly investment environment with protecting Mongolia’s interests.”
Prior to Golden East (Altan Dornod Mongolia), Bold Baatar was chief executive officer of Newcom, where he managed and built a diverse investment portfolio across telecom, airlines, property management, mining services and renewable energy. He has also held senior-level positions with JP Morgan in London, Moscow and New York, acquiring extensive experience in the mergers, acquisitions and divestment arena.
Bold Baatar is currently chair of the Mongolian Mining Association Board and a member of the Executive Board of Business Council of Mongolia.