Articles Tagged "Turquoise Hill Resources"

Rio Tinto, Mongolia Reach Agreement for Massive Oyu Tolgoi Expansion

Rio Tinto and the government of Mongolia have reached an agreement to move forward with a massive underground expansion at the Oyu Tolgoi copper mine. Development of the $5-billion underground mine has been stalled since 2013 due to disagreements between Rio and the government over taxes and costs for the project.

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 [...]