Rio Tinto-Turquoise Hill takeover vote set for December 9
Mining News Pro - The meeting has been repeatedly delayed because of the opposition of key minority shareholders in Turquoise Hill, mainly US-based fund managers.
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Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout
Mining News Pro - The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill that it does not own for $3.3 billion, initially scheduled for Nov. 1, was postponed to Nov. 8, and has now been pushed back to Nov. 15.
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Rio Tinto reiterates $3.3bn offer for Turquoise Hill after ISS recommends against deal
Mining News Pro - In a letter addressed to Turquoise Hill shareholders, Rio Tinto said ISS’s final conclusion is based on “flawed logic”.
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Turquoise Hill’s fifth largest investor to reject Rio Tinto’s takeover bid
Mining News Pro - Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources said on Friday it will vote against Rio Tinto’s intended $3.3 billion takeover of the Canadian miner, in a shareholder meeting on Nov. 1.
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Rio Tinto and Turquoise Hill get serious, ink binding takeover deal
Mining News Pro - Rio Tinto has inked a definitive arrangement with Turquoise Hill Resources to buy the 49% of the Canadian miner it doesn’t already own for $3.3 billion.
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Turquoise Hill minority shareholder ‘not interested’ in Rio Tinto’s $3.3bn offer
Mining News Pro - A minority shareholder of Turquoise Hill Resources Ltd said on Friday it does not support Rio Tinto’s latest sweetened offer to buy the rest of the Canadian miner for $3.3 billion.
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Rio Tinto to pay $3.3 billion for full Turquoise Hill ownership
Mining News Pro - Rio Tinto has reached an in-principle deal with Turquoise Hill to buy the 49% of the Canadian miner it doesn’t already own for $3.3 billion.
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Turquoise Hill rejects Rio Tinto’s $2.7 billion takeover offer
Mining News Pro - Canada’s Turquoise Hill Resources has rejected majority shareholder Rio Tinto’s bid to buy the 49% stake it doesn’t already own in the company for $2.7 billion, saying it did not reflect its full and fair value.
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Turquoise Hill flags $200 million cost increase at Oyu Tolgoi
Mining News Pro - Canada’s Turquoise Hill Resources flagged after markets closed on Thursday a $200 million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.
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Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7bn offer
Mining News Pro - Canada’s Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.
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Turquoise Hill Q1 copper output down 33% due to lower head grades
Mining News Pro - Due to lower copper and gold head grades, Turquoise Hill Resources’ production from the Oyu Tolgoi mine during first quarter 2022 was lower than both the first quarter of last year and the fourth quarter.
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Rio Tinto goes after Turquoise Hill in $2.7 billion bid
Mining News Pro - Rio Tinto has offered $2.7 billion for the 49% of shares it doesn’t already own in Canada’s Turquoise Hill Resources in a move that seeks gaining direct controlling ownership of the vast Oyu Tolgoi copper-gold mine in Mongolia.
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Rio Tinto goes after Turquoise Hill in $2.7-billion bid
Mining News Pro - Rio Tinto has offered $2.7 billion for the 49% of shares it doesn’t already own in Canada’s Turquoise Hill Resources (TSX, NYSE: TRQ) in a move that seeks gaining direct controlling ownership of the vast Oyu Tolgoi copper-gold mine in Mongolia.
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Turquoise Hill okays Oyu Tolgoi $75m bridging budget
Mining News Pro - Turquoise Hill Resources’ board has approved a bridging budget of $75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the operation’s underground expansion.
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Turquoise Hill says Oyu Tolgoi needs another $1.2 billion funding
Mining News Pro - Vancouver-based Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi copper mine in Mongolia was now $1.2 billion higher than previously expected.
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Turquoise Hill's profit beats on strong output
Mining News Pro - Canadian miner Turquoise Hill Resources on Thursday beat estimates for second-quarter profit, bolstered by a strong output from the Oyu Tolgoi mine in Mongolia and higher prices of copper and gold.
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Turquoise Hill’s Oyu Tolgoi mine partially resumes shipments to China
معدن نیوز -Turquoise Hill Resources said on Tuesday the Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to COVID-19-led curbs.
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Rio Tinto, Turquoise Hill strike funding deal for Oyu Tolgoi
Mining News Pro - Rio Tinto and its majority-owned Turquoise Hill Resources have reached a deal that ends a standoff between the companies over funding for an expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.
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Turquoise Hill beats profit estimates on higher copper, gold production
Mining News Pro - Canada`s Turquoise Hill Resources posted a surprise rise in quarterly profit on Monday, helped by increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.
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Turquoise Hill CEO quits on Rio Tinto meddling
Mining News Pro - Turquoise Hill Resources (TSX, NYSE: TRQ) announced on Thursday that its chief executive officer Ulf Quellmann is leaving the company after majority-owner Rio Tinto told the Canadian miner that it planned to vote against his re-election at the annual shareholders’ meeting in May.
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Turquoise Hill scores win in funding dispute with Rio Tinto over Mongolia mine
Mining News Pro - Canada’s Turquoise Hill Resources has scored a temporary, but key win in its ongoing dispute with Rio Tinto over funding of the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.
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Turquoise Hill seeks interim order against Rio over Mongolia mine funding
Mining News Pro - Canada’s Turquoise Hill Resources is seeking an interim order in its arbitration against Rio Tinto as some of the top miner’s actions could limit Turquoise Hill’s funding options for the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.
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Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi
Mining News Pro - Turquoise Hill Resources said on Tuesday it intended to pursue “gold streaming” and medium-term debt offering transactions for its massive Oyu Tolgoi copper and gold project in Mongolia.
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Turquoise Hill says Odey’s letter contains false assumptions
Mining News Pro - Turquoise Hill said on Thursday hedge fund Odey Asset Management’s letter to its majority owner Rio Tinto contained a number of false assumptions and misinformation about the company and its funding plan.
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Fund warns Turquoise Hill over troubled Oyu Tolgoi
Mining News Pro - London investment firm Odey Asset Management has accused Turquoise Hill of destroying value through lack of action over problems at Oyu Tolgoi.
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Visit: 651