Turquoise Hill Resources Ltd. will announce its first quarter financial results on Tuesday, May 10, 2022 after markets close in North America. The Company will host a conference call and webcast to discuss first quarter financial results on Wednesday, May 11, 2022 at 7:00 am EST / 4:00 am PDT. The conference call can be accessed through the [...]
Turquoise Hill Resources Ltd. today announced first quarter 2022 production and provided an Oyu Tolgoi LLC mine and corporate update. Q1 2022 Highlights As planned, Q1 2022 copper and gold production from the open pit and underground was lower vs Q1 2021 due to lower copper and gold head grade. Copper production of 30.3 thousand tonnes of copper in [...]
Turquoise Hill Resources Ltd. today provided an update on its review of the unsolicited non-binding proposal from Rio Tinto International Holdings Ltd. , the Company's majority shareholder, to acquire through a plan of arrangement the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders for cash [...]
Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , has delivered the attached letter to the Turquoise Hill Independent Directors: Dear Independent Directors: Would you agree to sell your house to your corrupt banker for less than the equivalent of one and a half years of rental income? That is what [...]
SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources Ltd. , has delivered the attached letter to the Turquoise Hill Independent Directors: Dear Independent Directors of Turquoise Hill Resources Ltd., We note with interest the recently announced cash bid from Rio Tinto to acquire the minority stake in Turquoise Hill for [...]
Turquoise Hill Resources acknowledged receipt of a non-binding proposal from Rio Tinto International Holdings, which Rio Tinto has separately announced by press release issued earlier today, outlining its proposal to acquire the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders for cash [...]
Turquoise Hill Resources today announced its financial results for the year ended Dec 31, 2021. All figures are in USD unless otherwise stated. "2021 was a year of significant accomplishments for Turquoise Hill and its shareholders. We achieved a safety All Injury Frequency Rate of 0.14 per 200,000 hours worked, the best full-year AIFR in the [...]
Turquoise Hill Resources will announce its fourth quarter and full year financial results on Wednesday, March 2, 2022 after markets close in North America. The Company will host a conference call and webcast to discuss fourth quarter financial results on Thursday, March 3, 2022 at 8:00 am EST / 5:00 am PDT. The conference call can be accessed [...]
Turquoise Hill Resources Ltd. today announced that it has successfully reached a mutual understanding for a renewed partnership with the Government of Mongolia and the Oyu Tolgoi LLC board of directors has unanimously approved the commencement of the undercut, namely the commencement of blasting that will start the Oyu Tolgoi underground mine [...]
On January 13, 2022, Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , sent the following letter to the members of the Board of Directors of Turquoise Hill. As with every other letter we have sent for the past year, there was no response. Pentwater urges all Turquoise Hill shareholders to make [...]
Turquoise Hill Resources Ltd. today announced fourth quarter 2021 production, 2022 operational and financial guidance, and provided an Oyu Tolgoi LLC mine and corporate update. Highlights Full year copper production of 163 thousand tonnes vs guidance range of 150 - 180 thousand tonnes Full year gold production of 468 thousand ounces vs guidance [...]
On January 6, 2022, Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , sent the following letter to Ngaire Woods, member of the Board of the Directors of Rio Tinto Plc , outlining continued corporate governance failures at Rio Tinto. On January 7, 2022, Rio Tinto's attorney responded that neither [...]
