Turquoise Hill

Turquoise Hill tax break revives Oyu Tolgoi expansion

Frik Els | September 16, 2014
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.

Turquoise Hill up 22% after Oyu Tolgoi tax bill slashed

Frik Els | September 12, 2014
Turquoise Hill up 22% after Oyu Tolgoi tax bill slashed

Mongolia knocks $100m off tax claim to revive expansion of massive copper-gold mine owned by Rio Tinto unit Turquoise Hill.

New hold-up for Rio’s subsidiary Turquoise Hill at Oyu Tolgoi

Cecilia Jamasmie | September 9, 2014
New hold-up for Rio’s subsidiary Turquoise Hill at Oyu Tolgoi

One of the two tailings thickeners experienced rake failure last Friday.

Oyu Tolgoi feasibility study won't have financials or schedule

Frik Els | August 13, 2014
Oyu Tolgoi feasibility study won't have financials or schedule

Talks ahead of September 30 funding deadline continue and feasibility study for $5bn expansion of Mongolia mine almost complete, but huge gaps remain.

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
Turquoise Hill up 22% after Oyu Tolgoi tax bill slashed

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
Oyu Tolgoi feasibility study won't have financials or schedule

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
Turquoise Hill tax break revives Oyu Tolgoi expansion

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
Turquoise Hill tax break revives Oyu Tolgoi expansion

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
Turquoise Hill tax break revives Oyu Tolgoi expansion

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.

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