Jean-Sebastien Jacques is to replace Sam Walsh as chief executive of British-Australian multinational mining giant “Rio Tinto”, which runs Mongolia’s most important company – the Oyu-Tolgoi copper and gold mine. The company announcement said that Jean-Sebastien Jacques, aged 44, will take over as CEO from 1st July 2016. At present he is chief executive of Rio Tinto’s Copper & Coal group.
According to Rio Tinto’s press release: “The signing of the Oyu Tolgoi Underground Mine Development and Financing Plan in May 2015 which paves the way for the further development of the Oyu Tolgoi mine is testament to Jean-Sebastien’s commitment to establishing and maintaining strong external relationships. His leadership in negotiations with the Government of Mongolia demonstrated a commitment to finding solutions that deliver long-term benefits for all parties”
There is no doubt that Jean-Sebastien Jacques was instrumental in bringing OT Phase 2 and breaking the deadlock which has beset the company over recent years.