Turquoise Hill Mining News

Rio Tinto goes ahead with $5.3 billion expansion of Oyu Tolgoi

Construction of the massive mine's underground portion will begin within months, with first production expected by 2020.

Milbank awarded for Oyu Tolgoi mining deal representation

During the PFI Awards Dinner held in London on Feb. 3.

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

The $4.4 billion deal involved international financial institutions and export credit agencies representing the governments of the U.S., Canada and Australia, along with 15 commercial banks.

Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

Turquoise Hill jumps on 2016 guidance

Vancouver-based company said it is waiting for "final notice to proceed" for $5 billion expansion of giant copper-gold mine in Mongolia mine.

Copper prices may weigh on Rio Tinto’s looming decision on Oyu Tolgoi expansion

The company said it would announce a final decision on the matter early next year.

Nothing for punters when Rio buys out Turquoise Hill

Rio will buy all of Turquoise Hill soon says new report, but 'there's no incentive to promote the true value' of Vancouver co's giant Mongolia copper mine.

Mongolia to sell stake in its giant Tavan Tolgoi coal mine

The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.

Mongolia’s mining sector ready to take off again — Erdene Resource

The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.

Mongolia halts landmark deal with foreign firms over massive coal mine

The country's parliament decided Tavan Tolgoi needs the approval of legislators before going ahead.

Turquoise Hill surges after Oyu Tolgoi expansion okayed

After two years of bitter wrangling Mongolian cabinet approves Vancouver firm's $5 billion expansion of massive copper-gold mine in Gobi desert.

Mongolia greatly responsible for Rio’s Oyu Tolgoi troubles – PM

Prime Minister Chimed Saikhanbileg said Friday his country should take charge of how long a dispute a expansion of the copper and gold mine has taken.

Tax breakthrough at Rio Tinto's Mongolia copper mine — source

Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5 billion Oyu Tolgoi copper mine, according to an official familiar with the government's position.

Mongolia fined $100M for expropriating uranium mine

An international arbitration tribunal has ordered Mongolia to fork over $100 million for expropriating the Dornod uranium project from Khan Resources (CNSX:KRI) back in 2009.

Mongolia text poll impact: Dust off your exploration plans

Mongolia may give up government shareholding in mining projects altogether.

Mongolian verdict sends chill through mining community

Banned from travel since 2012, three SouthGobi workers, a coal firm owned Vancouver's Turquoise Hill, are now going to jail for 5-6 years for tax evasion.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

Turquoise Hill output at higher end of target

Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.

Oyu Tolgoi 2015 production forecast cut

Vancouver's Turquoise Hill lowers output estimates for Mongolian mine to 600,000oz–700,000oz of gold and 175,000t–195,000t of copper in concentrates.

Turquoise Hill surges after Mongolia taps new leader

Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.

Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Mine operator and Rio's subsidiary Turquoise Hill said Monday they have made an offer to the government of Mongolia to resolve matters in a manner deemed "beneficial to all stakeholders.”

Mongolia-based miners in limbo after premier ousted

What happens next is critical say mining companies currently operating in the country.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

According to The Times, Rio flagged the possibility of a writedown in August.

More delay at Oyu Tolgoi as financing deadline lapses

The underground portion of the Oyu Tolgoi copper-gold complex is no closer to fruition, after the parties behind the US$5 billion operation let a Sept. 30 financing deadline lapse without applying for an extension.

Turquoise Hill tax break revives Oyu Tolgoi expansion

Work on feasibility study for $6bn underground expansion of massive Mongolian copper-gold mine can resume after confirmation tax dispute is settled for $100m less.