Turquoise Hill

Turquoise Hill buys time for Oyu Tolgoi expansion

Frik Els | April 15, 2014
Turquoise Hill buys time for Oyu Tolgoi expansion

But production at massive Mongolian mine slips and shares take a beating.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 16, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Cecilia Jamasmie | March 26, 2014
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Operator Turquoise Hill may need to ask lenders to extend financing for the $6.2 billion mine extension.

Fresh signs of imminent Oyu Tolgoi deal between Rio Tinto and Mongolia

Cecilia Jamasmie | March 5, 2014
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Engineering and project management company AMEC has began advertising for workers on what appears to be the famous mine.

Turquoise Hill shares plunge on Oyu Tolgoi update

Frik Els | February 13, 2014
Turquoise Hill shares plunge on Oyu Tolgoi update

No progress in talks with Mongolia on underground expansion and a couple of production and sales hiccups.

Turquoise Hill jumps 10% on robust production numbers

Frik Els | January 16, 2014
Turquoise Hill jumps 10% on robust production numbers

Year to date shares of the operator of the giant Oyu Tolgoi copper-gold mine in Mongolia is up 21%.

Topping the list of Canada's wealthiest 'losers' are two mining magnates

Ana Komnenic | January 10, 2014
Mining magnates top Canada's richest people 'biggest losers' list

Canadian Business' list of Canada's most well-to-do shows which billionaires lost the most in 2013.

Oyu Tolgoi financing commitments extended

Ana Komnenic | December 16, 2013
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Company has a few more months to wrangle with the Mongolian government.

Turquoise Hill sinks 26%

Frik Els | December 4, 2013
Turquoise Hill buys time for Oyu Tolgoi expansion

The owner of the massive Oyu Tolgoi copper-gold mine in Mongolia is doubling its shares outstanding with a $2.4 billion rights offer.

Tommy Humphreys

Robert Friedland: Rights offerings are the fairest form of equity finance ever developed by the human mind

Tommy Humphreys | December 3, 2013

Shareholders of Turquoise Hill Resources would be wise to participate in an upcoming rights offering.

Mongolia sees return to 17% growth next year

Frik Els | November 19, 2013
Mongolia sees return to 17% growth next year

But much of that optimism is centred on positive outcome over Oyu Tolgoi expansion.

Turquoise Hill suspends Oyu Tolgoi expansion, moves forward with $2.4 billion rights offering

Ana Komnenic | November 14, 2013
Turquoise Hill buys time for Oyu Tolgoi expansion

Financing arrangements with the Mongolian government have so far failed.

Mongolia gears up for the fight of its mining life

Frik Els | November 11, 2013
Mongolia gears up to fight for its mining life

Oyu Tolgoi Chairman: I have seen excitement about Mongolia reach fever pitch and drop off a cliff multiple times.

Oyu Tolgoi’s first international copper, gold shipment on its way to China

Cecilia Jamasmie | October 21, 2013
Oyu Tolgoi’s first international copper, gold shipment on its way to China

Operator Turquoise Hill expected to confirm news at some point Monday.

Rio Tinto restarts negotiations with Mongolia over Oyu Tolgoi

Cecilia Jamasmie | October 15, 2013
Rio Tinto restarts negotiations with Mongolia over Oyu Tolgoi

Rio Tinto has tried to get approval from Mongolia for its financing proposal since last winter, but the government has not yet offered a direct reply.

Turquoise Hill brings Oyu Tolgoi up to nameplate capacity

Frik Els | October 14, 2013
Turquoise Hill brings Oyu Tolgoi up to nameplate capacity

Now processing 100,000 tonnes of ore per day.

Mongolia passes mining-friendly law, but 106 licences remain in limbo

Frik Els | October 7, 2013
Mongolia passes mining-friendly law, but 106 licences remain in limbo

106 explorers in Mongolia have become collateral damage in a criminal case against former government officials.

Mongolia cites Oyu Tolgoi progress, but Rio fees must be 'reset'

Frik Els | October 1, 2013
Mongolia cites Oyu Tolgoi progress, Rio fees remain a sticking point

The long-running dispute over financing and costs relating to expansion of Rio's flagship copper-gold mine could be over by the end of the year.

Rio Tinto’s Oyu Tolgoi new CEO set to end mine’s disputes

Cecilia Jamasmie | September 11, 2013
Rio Tinto’s Oyu Tolgoi new CEO set to end mine’s disputes

During the board meeting scheduled for this week, Kinnell is likely push for an end of some of the several points of dispute over Oyu Tolgoi.

Rio Tinto cuts about 2,000 jobs at Oyu Tolgoi — report

Cecilia Jamasmie | August 14, 2013
Rio Tinto cuts about 2,000 jobs at Oyu Tolgoi — report

Long-running dispute between the Mongolian government and Rio over the massive copper-gold mine continues to drag on.

Mongolians could have a stake in one of world’s largest copper mines

Cecilia Jamasmie | August 10, 2013
Mongolia sees return to 17% growth next year

Country's government may soon convert its shares in Rio Tinto’s $6.6 billion Oyu Tolgoi mine into a public company.

Mongolia sealed its mining faith: election results imminent

Cecilia Jamasmie | June 26, 2013
Mongolia revokes 106 exploration licences

In recent years the country has seen a mining boom drive outstanding economic growth, but wealth gap and pollution concerns are changing the country's view towards foreign resource firms.

Mining wealth distribution at heart of Mongolia’s presidential elections

Cecilia Jamasmie | June 24, 2013
Entrée Gold jumps on Oyu Tolgoi licence deal progress

Regardless of who is elected, analysts agree that Rio's Oyu Tolgoi, the largest foreign investment in Mongolia, will be the first and main target for the new president.

Rio Tinto not shipping copper from Oyu Tolgoi any time soon: report

Cecilia Jamasmie | June 13, 2013
Rio Tinto not shipping copper from Oyu Tolgoi any time soon: report

The market is closely watching the opening of Oyu Tolgoi, as fears about copper supply for the rest of 2013 continue to increase, affecting the red metal's price.

Rio Tinto to start copper exports from Oyu Tolgoi this week

Cecilia Jamasmie | June 11, 2013
Entrée Gold jumps on Oyu Tolgoi licence deal progress

Company is said to have invited reporters to attend a ceremony at the mine this Friday to celebrate its first shipment.

Rio says Oyu Tolgoi could start shipping this month

Frik Els | May 9, 2013
Rio says Oyu Tolgoi could start shipping this month

CEO Sam Walsh told Rio Tinto investors approvals for shipment of material from the controversial Mongolia mine are expected "in the next couple of weeks."

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