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Turquoise Hill paid $61 million to departing Friedland and co

Frik Els | August 20, 2012 | 9:51 pm Base Metals Precious Metals Asia Copper Gold Silver 

Vancouver-based Turquoise Hill Resources (previously Ivanhoe Mines) nearing completion of its massive Oyu Tolgoi coper-gold mine in Mongolia had to pay $19.4 million to cancel cost-sharing deals with companies wholly-owned by former CEO Robert Friedland. Businessweek reports the payments were...

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