Levi Mochkin has been an executive director and key leader of the Ledger Holdings Pty Ltd. Group (the Ledger Group), located in Melbourne, Australia. He has been in the resources sector for over 30 years advising companies, identifying projects and raising capital of over $800 million for mining projects. Ledger Holdings PTY LTD assists PLL with business development. Mochkin was appointed a Director on April 3, 2006.
Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.
Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will: