Oyu Tolgoi LLC has announced the appointment of Sukhbaatar Munkhsukh as its new Chief Executive Officer following an international open selection process. He will officially assume the role on 1 February 2026, becoming the first Mongolian CEO to lead one of the world’s largest copper–gold mining projects. The appointment comes at an important moment for the company. After 15 years of large-scale construction and steady operations, Oyu Tolgoi is now entering a new phase focused on increasing underground production and strengthening its long-term contribution to Mongolia’s economy. The Board emphasized the need for an experienced leader who understands both the company and the country’s interests.

A Broad Range of Experience Across Sectors

S. Munkhsukh has over 25 years of experience in mining, civil aviation, investment, and finance. He first joined Oyu Tolgoi in 2012, taking part in several major projects during key stages of the mine’s development.
In 2015, he moved to Rio Tinto, where he held senior roles leading stakeholder engagement and regional partnerships. Most recently, he served as Director for Growth & Development in the Asia-Pacific region, helping the company advance major copper projects. His work played a key role in moving forward the Winu copper–gold project in Australia, one of Rio Tinto’s important future assets.

“Oyu Tolgoi Has Entered a New Stage of Development”

Sean Hinton, Chair of the Oyu Tolgoi Board, praised the appointment, saying:
“After 15 years of construction and operational progress, Oyu Tolgoi has entered a new stage of development. Strengthening cooperation among shareholders while increasing production will be essential in the coming years. We believe S. Munkhsukh’s deep experience at both Oyu Tolgoi and Rio Tinto will help the company achieve its goals.”
The timing is significant: Oyu Tolgoi is on track to become one of the world’s largest underground copper mines at a time when global demand for copper is rising due to rapid electrification and the expansion of renewable energy systems.

A Meaningful Decision for Mongolia

For Mongolia, appointing a Mongolian CEO carries symbolic and practical importance. Oyu Tolgoi is the country’s largest foreign investment project, and its performance has a direct impact on national economic growth, job creation, and regional development.
With a leader who understands the local context and the country’s priorities, the company expects smoother cooperation between the government, communities, and shareholders.

“We Will Build on What We Have Achieved”

In his first public statement, S.Munkhsukh expressed gratitude for the trust placed in him:
“I am honored by this appointment. I am proud of the team that has built Oyu Tolgoi into what it is today. We will continue to strengthen our achievements, contribute to Mongolia’s sustainable development, and create value for all stakeholders.”
As he prepares to take office, expectations are high. The years ahead will require operational discipline, strong partnerships, and a focus on sustainability — areas where he already has extensive experience.
His appointment represents not only a leadership transition, but also a moment of confidence in the capability of Mongolian professionals to lead one of the world’s most complex and ambitious mining projects.

Source: Zuuniimedee newspaper 2025.11.07 № 211 (7708), Friday.