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Turquoise Hill seeks interim order from Arbitration Tribunal to protect viability of its proposed funding strategy News provided by Share this article Turquoise Hill" or the " Company") announces that it has brought an application for an interim order before the Tribunal in its arbitration proceedings with Rio Tinto International Holdings Limited (RTIHL) and a related party. The Company is taking this step in response to certain actions taken by Rio Tinto which will, if carried out by Rio Tinto: limit the Company's ability to pursue identified financing options for the Oyu Tolgoi project and,...

2021-01-26 18:34:00 Ulaanbaatar /MONTSAME/ The Government of Mongolia is urging the Oyu Tolgoi project investors to revise the Oyu Tolgoi Investment Agreement signed in 2009 and terminate the Oyu Tolgoi Underground Mine Development and Financing Plan, known as ‘Dubai Agreement’, according to the statements made by Acting Minister of Justice and Home Affairs Kh.Nyambaatar and Deputy Chief of Cabinet Secretariat B.Solongoo, when they today met Member of the Parliament S.Ganbaatar, who has gone on hunger strike, demanding Oyu Tolgoi agreement termination.   Acting Minister K...

Turquoise Hill Resources Ltd. today announced fourth quarter 2020 production for Oyu Tolgoi, as well as operational and financial guidance for 2021 and provided an update on undercut criteria discussions. Operational highlights Full year copper production of 149,631 tonnes vs original guidance range of 140,000 – 170,000 tonnes Full year gold production of 181,858 ounces vs original guidance range of 120,000 – ...

2021-01-14 14:57:11 Ulaanbaatar /MONTSAME/. Solongoo Bayarsaikhan, Deputy Chief at Cabinet Secretariat yesterday, January 13, gave information on the official position of the Mongolian government on the situation surrounding the Oyu Tolgoi copper and gold mine project.  In December 2019, the working group was set up to hold talks with investors of the Oyu Tolgoi project with the aim of improving Oyu Tolgoi-related agreements, including Investment Agreement, Shareholders’ Agreement and Underground Mine Development and Financing Plan in line with Mongolia’s legislations. So...

Rio Tinto (ASX:RIO)’s top growth project could be cancelled Tony Yoo | January 13, 2021 9:42am | More on: Image source: Getty Images Rio Tinto Limited (ASX: RIO)’s most important growth project is under threat, with the government of Mongolia this week threatening to pull the deal. For years Rio Tinto, through its subsidiary Turquoise Hill Resources Ltd (NYSE: TRQ), has been trying to expand the Oyu Tolgoi copper and gold mine. But on Tuesday Australian time Turquoise Hill announced to the market that the Mongolian government was “dissatisfied” about the estimat...