Canadian mining chairman Jim Doak found dead in Mongolia
Canada’s Khan Resources (TSE:KRI) chairman Jim Doak, a prominent figure in the Toronto financial industry, was found dead in a hotel room, The Globe and Mail reported.
Doak (59), who appeared as an analyst on business channel BNN, was in Mongolia in his role as chairman of the Toronto-based uranium exploration and development company, which has been active in the Asian country since 1995.
According to a company statement, he had just finished a second series of meetings with representatives of the government of Mongolia.
“He was a very special and uniquely talented individual whose insights and decision-making abilities were off the scale,” said Khan’s president and CEO Grant Edey.
Based on the firm’s website, Khan was involved in the development of the Dornod uranium project in Mongolia and became embroiled in a dispute with the Mongolian government over the mining rights.
Last month, an international arbitration tribunal ordered Mongolia to fork over $100 million for expropriating the project.