Turquoise Hill Resources Ltd
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Rio Tinto looming talks with Mongolia to decide Oyu Tolgoi’s fate
The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government’s financial benefits…
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Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today. The company, which is controlled by Rio Tinto (NYSE: RIO;…
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US fund threatens Rio Tinto with legal action over Oyu Tolgoi finances
The world’s second largest miner Rio Tinto (NYSE: RIO; LSE: RIO) is facing stronger headwinds over how to finance its massive Oyu Tolgoi underground copper project in Mongolia after a U.S. hedge fund threatened the company with legal action. Pentwater Capital, the…
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MINING PEOPLE: Euro Manganese, Harte Gold, Honey Badger, Teck, Upper Canyon
Management moves announced this week include: Euro Manganese has announced management and board changes: Tom Stepien has been appointed as a director of the company, Andrea Zaradic has joined the company as VP of operations, and Thomas Gluck has been…
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MINING PEOPLE: Coral Gold, Crystal Lake, Hudbay, Liberty Gold, Minco, Nemaska Lithium, NuLegacy, Sable, Triumph Gold, Troilus, Turquoise Hill, Yorbeau
Nathan Harte has been appointed as Coral Gold’s chief financial officer; Harte is an accountant and is also the CFO for Avino Silver & Gold. Jennifer North is Coral Gold’s new director of corporate communications, overseeing the company’s communication and…
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Turquoise Hill faces legal challenge at Oyu Tolgoi
Last week, Turquoise Hill Resources reported that a lawsuit previously lodged by a Mongolian non-governmental organization (NGO) group was apparently upheld by the country’s Administrative Court. The challenge, brought by NGO group Darkhan Mongol Nogoon Negdel, alleges due process was not properly…
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COPPER: Oyu Tolgoi underground costs jump 35%, says Rio Tinto
MONGOLIA – Big mining projects come with big price tags, and the Oyu Tolgoi copper-gold mine in the South Gobi area is no exception. The operator and 50% owner Rio Tinto says the cost to complete the underground portion of…
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MINING PEOPLE: Turquoise Hill, AME, Independence Gold, and Orestone
Turquoise Hill Resources, headquartered in Vancouver, has named Jo-Anne Dudley its COO. She has 25 years of experience, and has for the last nine years been a key member of the Oyu Tolgoi copper mine technical team. Most recently she…
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COPPER-GOLD: Turquoise Hill production guidance levels off in 2019
MONGOLIA – Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 oz. of gold in concentrates this year, Turquoise Hill Resources reports. Last year the Mongolian copper-gold mine produced 159,100 tonnes of copper, up 1.1%…
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COPPER-GOLD: Turquoise Hill updates progress of underground development
MONGOLIA – As the pit exhausts it resources, mining is moving underground at the Oyu Tolgoi copper-gold mine in the South Gobi area. Owner Turquoise Hill Resources of Vancouver updates the progress. Rio Tinto, holder of a 51% interest in…
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COPPER-GOLD: Turquoise Hill reaches shaft sinking milestone
MONGOLIA – Vancouver-based Turquoise Hill Resources says it has reached a significant development milestone at its Oyu Tolgoi underground copper-gold mine in the South Gobi region – The No.5 ventilation shaft has been sunk to its final depth of 1,178…
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COPPER-GOLD: Turquoise Hill to lift force majeure at Oyu Tolgoi
MONGOLIA – Turquoise Hill Resources of Vancouver announced that effective March 1, 2018, that the Oyu Tolgoi copper-gold mine will lift its force majeure notice. Turquoise Hill declared force majeure on Jan. 17, 2018, as protestors blocked the main access…
