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Bold Baatar appointed Chief Executive Rio Tinto Copper 28 January 2021 share LONDON, UK -- Bold Baatar has been appointed Chief Executive Rio Tinto Copper.  The Copper product group includes operations and assets in North America, South America, Australia, and Mongolia. Arnaud Soirat, the previous Chief Executive Copper & Diamonds, will assume the new role of Chief Operating Officer at Rio Tinto. Commenting on his appointment, Bold Baatar said: “I am excited and honoured to be taking on the leadership of Rio Tinto Copper.  As a Mongolian national myself, I am extre...

2021-01-12 11:36:12 Ulaanbaatar /MONTSAME/. On 22 December 2020, Oyu Tolgoi LLC received a Tax Assessment claim for approximately US$228 million from the Mongolian Tax Authority (MTA), relating to an audit of taxes paid by Oyu Tolgoi LLC between 2016 and 2018. The MTA has also sought to reduce Oyu Tolgoi’s carried-forward tax losses by around US$1.5 billion.  On 11 January 2021, Oyu Tolgoi LLC issued a press release regarding the tax matters, which reads, “Oyu Tolgoi LLC consistently recognized as one of the largest taxpayers in Mongolia. It has paid more than MNT5.8 tril...