Articles Tagged "Turquoise Hill Resources"

Turquoise Hill Resources Receives $225 Million Debt Facility from Rio Tinto

Copper – Mining Weekly reported that Turquoise Hill Resources (TSX:TRQ, NYSE:TRQ) announced that it has received a $225 million nonrevolving bridge facility from Rio Tinto (NYSE:RIO) for Oyu Tolgoi. As quoted in the Mining Weekly report: Turquoise Hill pointed out that, should it default under the terms of the bridge facility, Rio Tinto would be entitled to convert any outstanding [...]

Gold Stocks Rebound on Widening Chinese Trade Surplus

Gold – Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.

Oyu Tolgoi Hits Roadblock on Environmental, Social Concerns

Copper – MINING.com reported that the United States' refusal to vote on World Bank funding aimed at expanding Rio Tinto's (ASX:RIO,LSE:RIO,NYSE:RIO) Oyu Tolgoi copper-gold mine has thrown a wrench in the company's plans as it has created pressure for the company to substantially change the project. Among other things, the US is reportedly concerned that the project's Environmental and Social Assessment "has gaps in critically important information."