1 26 МЯНГАН ХҮН УРГАЦ ХУРААЛТАД ОРОЛЦОЖ БАЙНА WWW.NEWS.MN PUBLISHED:2026/09/27      2 OUTSTANDING BANK LOANS RISE 14.3 PERCENT WWW.MONTSAME.MN PUBLISHED:2026/09/24      3 CENTRAL ASIA AND MONGOLIA GROWTH TO REMAIN ROBUST WWW.EBRD.COM PUBLISHED:2026/09/24      4 A NEW OIL STORAGE FACILITY WITH A CAPACITY OF 16,000 CUBIC METERS HAS BEEN PUT INTO OPERATION IN MONGOLIA WWW.OPEN.KG PUBLISHED:2026/09/24      5 RUSSIA, MONGOLIA FORM WORKING GROUP TO EXAMINE FEASIBILITY OF A WESTERN RAIL CORRIDOR WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2026/09/24      6 MONGOLIA SUBMITS CANDIDACY FOR UN SECURITY COUNCIL NON-PERMANENT SEAT FOR 2048–2049 WWW.MONTSAME.MN PUBLISHED:2026/09/24      7 ‘GASOLINE DISRUPTION MAY LAST 2 TO 3 YEARS’ WWW.UBPOST.MN PUBLISHED:2026/09/24      8 MONGOLIA, AUSTRALIA DISCUSS INCREASING OYU TOLGOI RETURNS AND LOCALIZING TECHNOLOGY WWW.GOGO.MN PUBLISHED:2026/09/24      9 PLAN PRESENTED TO REACH USD 5.5 BILLION FOREIGN INVESTMENT WWW.MONTSAME.MN PUBLISHED:2026/09/23      10 COAL PYROLYSIS PLANT TO BE BUILT IN BAGANUUR THROUGH PUBLIC-PRIVATE PARTNERSHIP WWW.MONTSAME.MN PUBLISHED:2026/09/23      АГААРЫН ТЭЭВРИЙН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/09/27     ШҮҮХЭЭС НАЙРУУЛАГЧ Б.БААТАРТ ХИЛИЙН ХОРИГ ТАВЬЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/09/26     "ХӨРӨНГӨ ОРУУЛАГЧДЫН ГОМДЛЫГ 30 ХОНОГТ ШИЙДВЭРЛЭХ ШИНЭ ЗОХИЦУУЛАЛТ ХЭРЭГЖИЖ ЭХЭЛСЭН" WWW.NEWS.MN НИЙТЭЛСЭН:2026/09/24     “МЯНГАД НАР” 19.8 МВТ-ЫН НАРНЫ ЦАХИЛГААН СТАНЦЫН ГҮЙЦЭТГЭЛ 40 ХУВЬТАЙ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/09/24     ГОВИЙН БҮСЭД ЗАРЛАСАН СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ АУКЦИОНД ГУРВАН КОМПАНИЙН ХАМТАРСАН ТҮНШЛЭЛ ШАЛГАРЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/09/24     ОРОН СУУЦНЫ ЗАЛИЛАГЧИД 2,779 ХҮНД 211.1 ТЭРБУМ ТӨГРӨГИЙН ХОХИРОЛ УЧРУУЛЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/09/24     ИПОТЕКИЙН ЗЭЭЛИЙН ХҮСЭЛТҮҮД 7-8 ЖИЛ ХҮЛЭЭХ ООЧЕР ҮҮСЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/09/24     ХӨРӨНГӨ ОРУУЛАГЧДЫН ГОМДОЛ ШИЙДВЭРЛЭЛТИЙГ ХӨРӨНГӨ ОРУУЛАЛТ, ХУДАЛДААНЫ ГАЗАРТ ШИЛЖҮҮЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/09/24     ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ НҮБ-ЫН ЕРӨНХИЙ НАРИЙН БИЧГИЙН ДАРГАТАЙ УУЛЗЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/09/24     Т.ДОРЖХАНД: СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧ, ДАТА ТӨВ ЗЭРЭГ 5 САЛБАРТ ГАДНЫН ХӨРӨНГӨ ОРУУЛАЛТ ТАТАХ БОДЛОГО БАРИМТАЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/09/23    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Exxon man to lead Rio Tinto's Mongolia mission www.afr.com

Rio Tinto has hired a British oil executive with extensive experience in the developing world as part of efforts to smooth its fractious relationship with the Mongolian government.

Former ExxonMobil, Shell and Total executive Daniel Worrall has been appointed as the mining company's chief executive and country director for Mongolia, which hosts the company's most important growth asset, the Oyu Tolgoi copper, gold and silver mine.

Mr Worrall's appointment fills a vacuum that has existed for almost a year since Mongolian national Munkhtushig Dul stepped down as the company's top representative in the nation.

Mr Worrall has spent the past decade with Exxon, and between 2014 and 2017 was part of the oil giant's government relations team in Papua New Guinea overseeing the start of the massive PNG LNG gas project.

Prior to that he was responsible for government and stakeholder relations across Kazakhstan, Turkmenistan and Azerbaijan for Royal Dutch Shell and Total.

That experience in jurisdictions prone to "resource nationalism" will come in handy in Mongolia, where politicians regularly talk up their desire for taxpayers to have a greater share of wealth from Oyu Tolgoi.

Not surprisingly the mine is always politically contentious, and Mr Worrall joins Rio just months before parliamentary elections in mid-2020.

2019 was a testing year for Rio's relationship with the Mongolian government, meaning the lack of a dedicated country leader was far from ideal.

Staying mum: Rio Tinto CEO Jean-Sebastien Jacques.
RELATED
Rio accused of 'weak' silence over ex-PM's jailing
Rio announced massive cost and schedule blowouts on the underground expansion of Oyu Tolgoi in July, and those blowouts negatively affect the timing and size of dividends the Mongolian government will receive from the mine.

Rio also had to deal with a Mongolian administrative court making a non-binding ruling that a crucial 2015 investment agreement was not valid.

The Mongolian Parliament also spent much of 2019 working on suggested reforms to Rio's Oyu Tolgoi investment agreements, and by December the Mongolian government had signalled it may be willing to exchange its 34 per cent equity stake in the mine for higher royalty rates.

The Mongolian government has also placed a 12-month moratorium on the issuance of new mineral exploration licences, in a blow for those trying to discover the next generation of copper and gold deposits.

Rio's exposure to Oyu Tolgoi comes through its 50.79 per cent stake in Canadian company Turquoise Hill Resources.

Turquoise Hill owns 66 per cent of the Mongolian company that owns the mine.



Published Date:2020-02-10