Turquoise Hill’s Oyu Tolgoi mine partially resumes shipments to China

معدن نیوز -Turquoise Hill Resources said on Tuesday the Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to COVID-19-led curbs.

Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi

Mining News Pro - Rio Tinto and its majority-owned Turquoise Hill Resources have reached a deal that ends a standoff between the companies over funding for an expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.

Turquoise Hill beats profit estimates on higher copper, gold production

Mining News Pro - Canada`s Turquoise Hill Resources posted a surprise rise in quarterly profit on Monday, helped by increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.

Turquoise Hill CEO quits on Rio Tinto meddling

Mining News Pro - Turquoise Hill Resources (TSX, NYSE: TRQ) announced on Thursday that its chief executive officer Ulf Quellmann is leaving the company after majority-owner Rio Tinto told the Canadian miner that it planned to vote against his re-election at the annual shareholders’ meeting in May.

Turquoise Hill scores win in funding dispute with Rio Tinto over Mongolia mine

Mining News Pro - Canada’s Turquoise Hill Resources has scored a temporary, but key win in its ongoing dispute with Rio Tinto over funding of the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.

Turquoise Hill seeks interim order against Rio over Mongolia mine funding

Mining News Pro - Canada’s Turquoise Hill Resources is seeking an interim order in its arbitration against Rio Tinto as some of the top miner’s actions could limit Turquoise Hill’s funding options for the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.

Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi

Mining News Pro - Turquoise Hill Resources said on Tuesday it intended to pursue “gold streaming” and medium-term debt offering transactions for its massive Oyu Tolgoi copper and gold project in Mongolia.

Turquoise Hill says Odey’s letter contains false assumptions

Mining News Pro - Turquoise Hill said on Thursday hedge fund Odey Asset Management’s letter to its majority owner Rio Tinto contained a number of false assumptions and misinformation about the company and its funding plan.

Fund warns Turquoise Hill over troubled Oyu Tolgoi

Mining News Pro - London investment firm Odey Asset Management has accused Turquoise Hill of destroying value through lack of action over problems at Oyu Tolgoi.

Turquoise Hill seeks Oyu Tolgoi clarity from Rio Tinto

Mining News Pro - Rio Tinto and Turquoise Hill have commenced arbitration proceedings to seek an explanation of financing options for the Oyu Tolgoi gold-copper project in Mongolia.

Turquoise Hill starts arbitration with Rio Tinto

Mining News Pro - Canada-listed Turquoise Hill is taking Rio Tinto, its controlling shareholder, to arbitration over a disagreement on how to fund the cost blowouts at the Oyu Tolgoi project, in Mongolia.

Turquoise Hill stock tanks on Mongolia mine funding

Mining News Pro - Rio Tinto and Turquoise Hill said on Thursday they will jointly pursue debt reprofiling by engaging with existing lenders for the giant Oyu Tolgoi copper-gold-silver mine in Mongolia.

Turquoise Hill says uncertain when Oyu Tolgoi shaft work can resume

Mining News Pro - It remains uncertain when work on the shafts providing ventilation to support the production ramp-up for Panels 1 and 2 at the Oyu Tolgoi underground project, in Mongolia, will be able to resume.

Proxy adviser Glass Lewis backs Turquoise Hill in Halbower rejection

Mining News Pro - While proxy adviser ISS has backed the election of Matthew Halbower as a director of Toronto-listed Turquoise Hill, Glass Lewis is supporting the copper and gold miner in its rejection of the Pentwater Capital Management nominee to its board.

Turquoise Hill updates mine design for Oyu Tolgoi underground

Mining News Pro - Rio Tinto-controlled Turquoise Hill has completed the updated mine design for Panel 0 – the first panel of mining at its Oyu Tolgoi underground project – narrowing the previously announced cost overrun and delay ranges.

Turquoise Hill expects Oyu Tolgoi blowout to top $1.8bn

Mining News Pro - Canada’s Turquoise Hill Resources said this week that an ongoing expansion of the giant Oyu Tolgoi copper-gold-silver mine in Mongolia is expected to cost as much as an additional $1.8 billion.

Turquoise Hill gold production drops 78%

Mining News Pro - Turquoise Hill Resources reported on Thursday that Oyu Tolgoi mine Q1 gold production plunged 78% year-over-year to 26,154 ounces, and that copper output slid 23% to 35,203 tonnes.

Turquoise Hill swings to loss on Mongolia mine woes

Mining News Pro - Rio Tinto-controlled Turquoise Hill Resources said an impairment charge at the cash-generating unit of its Oyu Tolgoi copper mine in Mongolia led to the company missing estimates for second-quarter profit on Wednesday.

Turquoise Hill’s stock tanks on Mongolia troubles

Mining News Pro - Turquoise Hill’s (NSYE: TRQ) stock tanked over 42% on Tuesday, after releasing its Q2 2019 report, revealing costs for the expansion of its Oyu Tolgoi mine could increase by up to $1.9 billion.

Turquoise Hill`s 2018 financial results report 250% income jump over 2017

Mining News Pro - Turquoise Hill Resources reported 2018 income of $394.3 million—a 255.4% jump over 2017’s $110.9 million—driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.

Rio Tinto exec joins Turquoise Hill board

Mining News Pro - NYSE- and TSX-listed Turquoise Hill has appointed Rio Tinto VP for copper and diamond sales and marketing, Alan Chirgwin, to its board of directors.

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