Labrador Iron Ore Royalty Corporation’s (LIORC) president and chief executive officer (CEO), Clayton Walker, has decided to moved to Rio Tinto to take up the role of chief operating officer for the company’s Copper division.
LIORC announced that Walker will be stepping down from his position at the company on Apr 16. While the miner is actively searching for Walker’s replacement, it has appointed its current chief financial officer Donald Tremblay as the interim president and CEO.
Notably, Rio Tinto holds a 58.7pc stake in the Iron Ore Company of Canada joint venture, along with Mitsubishi Materials Corporation (26.2pc) and LIORC (15.7pc).