Welcome!

News Feed Item

Former President and CEO of Oyu Tolgoi and Rio Tinto's Country Director for Mongolia Cameron McRae Appointed Executive Chairman of SkyPath Partners LLC

ULAANBAATAR, MONGOLIA -- (Marketwired) -- 02/26/14 --


The Appointment:

  • Brings exceptional knowledge of the resources industry, locally and globally, to SkyPath
  • Significantly deepens SkyPath's strong Mongolia-based management team with Cameron's excellent track record in governance, executive management, M&A and business development
  • Gives SkyPath a unique understanding of large scale project management, operations, and project finance, including the development of Mongolia's largest mine

SkyPath Partners LLC ("SkyPath"), the Mongolia focused advisory and principal investing firm, is pleased to announce the appointment of Cameron McRae as Executive Chairman, with immediate effect. In addition to his board responsibilities, Cameron will oversee the strategic direction of SkyPath and participate in the financial advisory, strategic consulting and principal investment activities of the firm. He will remain based in Ulaanbaatar.

Cameron has more than 30 years of mining experience, gained across six countries. Lastly, he was President and CEO of Oyu Tolgoi LLC ("Oyu Tolgoi") and Rio Tinto's Country Director for Mongolia, between 2010 and October 2013, based in Ulaanbaatar. Cameron led the construction and commission of the open pit mine and concentrator of Oyu Tolgoi, Mongolia's largest mine. The project was completed ahead of schedule and on budget, setting new national standards in health, safety & environment; business development; training and corporate social responsibility.

Previously Cameron held various leadership positions at Rio Tinto's Energy, Copper, Diamonds and Industrial Minerals' units, including Managing Director of Richards Bay Minerals in South Africa and Murowa Diamonds in Zimbabwe, as well as at the corporate level. He established Rio Tinto Energy's presence in China and led the strategic review of Rio Tinto's approach to Africa in 2010. At the corporate level, Cameron was a leading team member in the landmark merger of RTZ plc and CRA Ltd that created Rio Tinto and worked on other successful M&A transactions.

The resources sector is the single largest industry in Mongolia, with an estimated annual revenue of 1.4 trillion MNT (approximately US$ 798.9 million) in 2014*, and the majority of the country is still unexplored.

"Cameron is the most high profile international business executive in Mongolia today, and we are delighted to welcome him to SkyPath," said Alex T. Kim, CEO of SkyPath Partners. "With his exceptional record of leadership in large organizations, and experience in developing and managing major mining projects, financings and transactions, Cameron's contribution to the firm will be transformative. Cameron's global network, management acumen, and wealth of experience in the mining industry in both commercial, transactional and operations capacities bring significant depth to our management team. His engagement will add real value for our clients and investments, particularly in the resources sector, which is an essential element to the growth and development of Mongolia."

Cameron McRae said: "There is clear demand for a Mongolia-focused advisory and investment specialist that can facilitate and accelerate capital flows into Mongolia. The opportunities and challenges in Mongolia are like no other country in the world and there is no substitute for firsthand experience. I am very excited to be working with Alex T. Kim, the impressive SkyPath team, its shareholders and partners, to serve domestic businesses and international investors in Mongolia. This is an exciting opportunity to join an entrepreneurial company committed to Mongolia's long-term economic development with the vision of bringing together the best Mongolian and international talent, capabilities and resources."

Company Logo
http://release.media-outreach.com/release.php/Images/1584

About SkyPath Partners
SkyPath Partners LLC is a financial advisory, strategic consulting and principal investing firm. Headquartered in Mongolia, the firm is focused on bringing international capital, services and capabilities to Mongolian companies and investing in the growth of the country's economy. SkyPath was created to fill an unmet need for a trusted and capable advisor to help Mongolian firms and government and international companies navigate complex financial and strategic issues by providing a bridge to world-class expertise and capital from international sources. For more information, please visit http://www.skypathpartners.com.

* Source: Mongolia Ministry of Mining

Contacts:
Batzul Gerelsaikhan
SkyPath Partners LLC
Media and Corporate Communications / Analyst
Phone: (+976) 99178790
Email: Email Contact

Alastair Hetherington/Marylene Guernier
RLM Finsbury
Phone: (+852) 3166 9886
Email: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...