Turquoise Hill

Mongolia blames Rio Tinto for delays at Oyu Tolgoi

Cecilia Jamasmie | July 9, 2014
Mongolia blames Rio Tinto for delays at Oyu Tolgoi

The move aims to shift blame for delays away from the government.

Mongolia approves major overhaul to mining law

Cecilia Jamasmie | July 2, 2014
Mongolia approves major overhaul to mining law

New law expands the proportion of Mongolia’s area available to mining and exploration from 8% to 20%, among other investor-friendly changes.

Ex-SouthGobi workers long stuck in Mongolia get trial date

Jeffrey Richmond | June 25, 2014
SouthGobi trial feat

Mongolia blocks accused from leaving country, often for years.

Mongolia says Rio Tinto owes $130 million in Oyu Tolgoi unpaid taxes

Cecilia Jamasmie | June 23, 2014
Mongolia says Rio Tinto owns $130 million in Oyu Tolgoi unpaid taxes

The long-dragged dispute between Rio and the Mongolian government over a $6.6 billion underground expansion of Oyu Tolgoi has hit a fresh impasse.

Mongolia mining reforms seek $1bn in coal, shale investments

Cecilia Jamasmie | May 30, 2014
Mongolia mining reforms seek $1bn in coal, shale investments

The revisions to the country's mining law would increase the area available to exploration to 20%t from around 8%.

Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine

Cecilia Jamasmie | May 28, 2014
Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine

Amid the miner's efforts to reduce costs at its gigantic copper and gold operation in Mongolia.

Mongolia wants to regain investors confidence by returning mining licenses

Cecilia Jamasmie | May 6, 2014
Mongolia wants to regain investors confidence by returning mining licenses

Foreign direct investment in the central Asian country dropped 50% last year.

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.

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.

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.

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