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Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

Rio Tinto, Turquoise Hill Resources (TRQ) and the Government of Mongolia have reached an agreement that will move the Oyu Tolgoi (OT) copper mine project (earlier post) forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia. As a result, the OT Board, comprised...
Steve Thibeault Erdenes Oyu Tolgoi Luvsannamsrain Oyun Erdene Wood Mackenzie Oyu Tolgoi Parliament Of Mongolia

USD 2.3 billion debt obligation in Oyu Tolgoi project waived

'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).
United Arab Emirates Erdenes Oyu Tolgoi Oyu Tolgoi Rio Tinto Chief Financial Officer Turquoise Hill

USD 2.3 billion debt obligation in Oyu Tolgoi project waived

'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).
United Arab Emirates Erdenes Oyu Tolgoi Oyu Tolgoi Rio Tinto Chief Financial Officer Turquoise Hill

USD 2.3 billion debt obligation in Oyu Tolgoi project waived

'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).Per the terms of the Amended and Restated Shareholders’ Agreement dated 8 June 2011, USD 2.3 billion loans wer...
United Arab Emirates Erdenes Oyu Tolgoi Oyu Tolgoi Luke Colton Rio Tinto Oyu Tolgoi Underground Mine Development

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USD 2.3 billion debt obligation in Oyu Tolgoi project waived

'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).Per the terms of the Amended and Restated Shareholders’ Agreement dated 8 June 2011, USD 2.3 billion loans wer...
United Arab Emirates Erdenes Oyu Tolgoi Oyu Tolgoi Luke Colton Rio Tinto Oyu Tolgoi Underground Mine Development

Turquoise Hill Announces Start of Oyu Tolgoi Underground Mine, Renewed Partnership with the Government of Mongolia and a Comprehensive Funding Arrangement for its World Class Oyu Tolgoi Mine

/PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced that it has successfully reached a mutual understanding for a...
New York United States United Kingdom Inner Mongolia Nei Mongol New York Stock Exchange

Turquoise Hill Announces Start of Oyu Tolgoi Underground Mine, Renewed Partnership with the Government of Mongolia and a Comprehensive Funding Arrangement for its World Class Oyu Tolgoi Mine

/PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced that it has successfully reached a mutual understanding for a...
New York United States United Kingdom Inner Mongolia Nei Mongol New York Stock Exchange

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