Oyu Tolgoi appoints Craig Kinnell as President and CEO
The Oyu Tolgoi Board of Directors appointed Craig Kinnell as the new Oyu Tolgoi President and Chief Executive Officer on Wednesday.
Chairman of the Oyu Tolgoi Board of Directors, Batsukh Galsan, commented, “I’m delighted that Craig Kinnell will be taking up this position. He has a proven history as a dynamic and very capable leader. Oyu Tolgoi has moved from being a huge construction undertaking to a steady and stable day-to-day business. Craig’s years of experience running mines and selling minerals at international market prices makes him the perfect choice to successfully lead the project in the coming years.”
Kinnell, currently the chief marketing officer for Rio Tinto Copper, will commence his new position on October 1, 2013.
Kinnell succeeds Cameron McRae, who will be leaving Rio Tinto at the end of his three-year contract with Oyu Tolgoi in October, and after 27 years of service with the Rio Tinto Group.
Over the past three years, Kinnell, has been instrumental in developing Rio Tinto’s strategy for increasing revenue from the copper business, including international market price as part of Oyu Tolgoi’s long-term sales contracts, said the company in an announcement
As president and CEO, Kinnell will oversee all aspects of Oyu Tolgoi’s operations, including safety, strategy, social license to operate, and growth initiatives. He will also lead Oyu Tolgoi’s Executive Committee.
Kinnell has a long history in the international mining industry. Born in St Andrews, Scotland, he joined Rio Tinto in 1985 as a graduate trainee, after successfully completing a Bachelor’s degree in Marketing and Economics from Paisley College. In 1992, he gained an MBA from Cranfield University School of Management in Bedford, England. He has since gone on to hold a number of senior management positions including Managing Director, Rio Tinto Uranium and Senior Vice President, Rio Tinto Iron and Titanium.
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. Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines.
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