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Turquoise Hill Comments On Letter From Short-Seller Odey Asset Management
Turquoise Hill Resources Reports Q3 Rev Of $264.4 Mln
Turquoise Hill Says Copper & Gold Production Guidance For 2020 Remains Within Ranges Of 140,000 To 170,000 Tonnes And 155,000 To 180,000 Ounces Respectively
Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company's principal material mineral resource property. The Company's Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes). The Company's Oyu Tolgoi mine is located approximately 550 kilometers south of Ulaanbaatar, Mongolia's capital city, and 80 kilometers north of the Mongolia-China border. The Company's Mineralization on the property consists of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) of deposits throughout this trend. They include, from south to north, the Heruga Deposit, the Oyut deposit and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).
1 Place Ville-Marie, Suite 3680
R. Peter Gillin
Independent Chairman of the Board
Chief Executive Officer, Director
Chief Financial Officer
Chief Operating Officer
Vice-President, General Counsel and Corporate Secretary
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Turquoise Hill said on Tuesday the board of Oyu Tolgoi mine in Mongolia has approved forming a special committee to conduct an independent review of cost overruns and delays related to the development of the underground copper mine.
Rio Tinto Ltd said on Tuesday that it would not offer any comment in response to a threat of legal action from the largest minority shareholder in its Mongolian copper project Oyu Tolgoi.
Canadian miner Turquoise Hill Resources Ltd 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.
Rio Tinto said on Thursday it plans to raise up to $500 million through additional lending to develop its giant Oyu Tolgoi copper mine in Mongolia.
Rio Tinto <RIO.AX> <RIO.L> said on Thursday it plans to raise up to $500 million through additional lending to develop its giant Oyu Tolgoi copper mine in Mongolia.
Turquoise Hill Resources Ltd <TRQ.TO> said on Thursday it has decided to defer further discussions on any interim funding arrangements with Rio Tinto <RIO.L> for its Mongolian copper project.
* TURQUOISE HILL ANNOUNCES FIRST QUARTER 2020 PRODUCTION AND PROVIDES UPDATES ON UNDERGROUND DEVELOPMENT, COVID-19 AND POWER
Rio Tinto faces renegotiating the terms of an agreement underpinning its Mongolian copper mine project, after lawmakers on Thursday approved plans to revise the deal to make it more beneficial for Mongolia.
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.
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.
Canada's main stock index edged lower on Tuesday, as a steep fall in the shares of miner Turquoise Hill Resources and lower gold prices pressured the materials sector.
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday.
* Q1 REVENUE $245.6 MILLION VERSUS I/B/E/S VIEW $251.4 MILLION
* TURQUOISE HILL BOARD OF DIRECTORS PROVIDES UPDATE ON SHAREHOLDER CORRESPONDENCE
* TURQUOISE HILL RESOURCES - Q1 MATERIAL MINED DECREASED 20.0% OVER Q4'17 DUE TO WINTER WEATHER EFFECTS IN JANUARY, DIG-UNIT MAINTENANCE WORK IN Q1
* Q4 REVENUE $251.7 MILLION VERSUS I/B/E/S VIEW $251.3 MILLION
* TURQUOISE HILL RESOURCES LTD - ISSUES LETTER TO SHAREHOLDERS REGARDING MEETING WITH SAILINGSTONE CAPITAL PARTNERS Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)
* TURQUOISE HILL RESOURCES LTD - OYU TOLGOI WILL LIFT FORCE MAJEURE NOTICE TO CUSTOMERS EFFECTIVE MARCH 1, 2018
* SAILINGSTONE CAPITAL PARTNERS LLC REPORTS 13.1 PERCENT STAKE IN TURQUOISE HILL RESOURCES LTD AS OF FEB 1 - SEC FILING
* AWARE OF RECENT MEDIA REPORTS REGARDING POSSIBLE CHANGES TO MINING CODE IN DEMOCRATIC REPUBLIC OF CONGO
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