Ivanhoe Mines Names Klingner As Chairman
11 Mai 2012 - 4:08PM
Dow Jones News
Ivanhoe Mines Ltd. (IVN) Friday said it named former Rio Tinto
PLC (RIO) executive Dr. David Klingner as chairman, replacing
interim chairman Michael Gordon.
Klingner was named to Ivanhoe's board just this week. His
appointment follows a sweeping deal between Ivanhoe and majority
shareholder Rio Tinto for funding of Ivanhoe's massive Oyu Tolgoi
copper project in Mongolia. The deal also saw the departure of
Ivanhoe founder and chief executive Robert Friedland.
Klingner, who is based in Melbourne, held a variety of positions
at Rio Tinto, including head of exploration and group executive
responsible for the mining giant's coal and gold businesses in
Australia and Indonesia. He retired from Rio Tinto in 2004.
Kay Priestly, who was recently named Ivanhoe's chief executive,
is also a former Rio Tinto executive.
-By Carolyn King, Dow Jones Newswires; 416-306-2100;
carolyn.m.king@dowjones.com
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