Oyu Tolgoi Appoints General Manager For Underground Development
Oyu Tolgoi Appoints General Manager For Underground Development
Oyu Tolgoi Appoints General Manager For Underground Development
Russel Taylor
Much has been written about the Mongolian government and Rio Tintos recent agreement over the OyuTolgoi
copper deposit. But while the OyuTolgoi agreement is positive and welcoming news for the country and its 3
million people, I feel that its significance has been greatly exaggerated. In itself, it is not a silver bullet for the
Mongolian economy, foreign direct investment or the mining industry. But it is a much needed first step: one
step in a long journey.
Conclusion
The announcement of the agreement with Rio Tinto with regards to the OyuTolgoi copper project is very
positive news for Mongolia. However, it does not signal an immediate return to a very strong Mongolian
economy or an immediate go ahead for the development of Mongolias mining industry. It is one step in a long
journey and the Mongolian Government has much work ahead to rebuild Mongolias economy and international
reputation.
The mass exit of foreign investors and their funds will not be solved overnight. It may take years for foreign
investors to regain confidence in Mongolia and return. To ensure a return of foreign direct investment and a
prosperous and sustainable economy, the Mongolian government has three main tasks:
Formalise the OyuTolgoi agreement so that it has no more debate and delays.
Formalise the TavanToligoi agreement and ensure that it commences in the near future.
Secure the return of foreign direct investment and Mongolias reputation as a fair and stable business
environment.
If these three objectives can be completed, Mongolia will have a great platform to build a robust economy and a
bright future for its growing population.
Edited by Jonathan Rowland. This article first appeared in the August issue of World Coal.
About the Author: Russel Taylor has over 20 yr of experience in the coal mining industry as a mining
engineer, project director and mining executive. Most recently, he was Executive Vice President and
Project Director at Reliance Coal Resources in India.
Oyu Tolgoi has appointed Greg Field as General Manager - Underground, one of the key roles in the
execution of the Oyu Tolgoi underground development, and, the first of a number of key roles being
filled as Oyu Tolgoi progresses towards development of the underground project.
In this new position, Greg Field will play a major role in preparations for underground mining at Oyu
Tolgoi.
Andrew Woodley President and CEO, Oyu Tolgoi, said: The development of the underground mine
is a vital part of our long-term future as a business, and we are pleased to announce Greg Fields
appointment to this important role. Gregs breadth of experience spanning various roles at Oyu
Tolgoi, and senior positions in block caving projects and mine construction around the world will be
a great asset to the project.
Greg Field previously held a variety of roles in Oyu Tolgoi, most recently as General Manager,
Infrastructure and Services. He has more than 20 years of mining experience across Asia, Africa and
Australia, with extensive senior experience in block caving, which will be used at Oyu Tolgoi
underground mine.
Prior to joining Oyu Tolgoi, Greg Field was General Manager, Operational Readiness at Argyle
Diamond Mine in Australia. He has a degree in mining engineering from the University of
Johannesburg.
About Oyu Tolgoi LLC (www.ot.mn)
Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership
between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the South
Gobi, Oyu Tolgoi commenced shipment of product to customers in July 2013. Oyu Tolgoi is managed
by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop
Mongolias mining industry and ensure Oyu Tolgoi is one of the worlds most advanced mines. For
Oyu Tolgoi, nothing matters more than safety. The business operates under the principle that if a job
cannot be done safely, it will not be done at all.
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: 2015 08 17 13:30
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