Turquoise Hill Resources Ltd. today noted recent media coverage regarding ongoing negotiations between the Government of Mongolia , Rio Tinto and the Company. The Company and Rio Tinto have made a joint offer to the Government of Mongolia which aims to reset the relationship and allow all parties to move forward together. The offer includes, among [...]
Turquoise Hill Resources Ltd. announced today that, in light of the progress made in the ongoing negotiations between the Government of Mongolia, Rio Tinto and the Company, the Board of Directors of OT LLC approved a bridging budget of $75M to continue to progress critical activities in the Oyu Tolgoi underground mine development project. The [...]
Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , sent the below letter to TRQ Director George Burns. Mr. Burns has not responded to explain his role in the ongoing and likely future breaches of fiduciary duties by the Turquoise Hill Board towards its minority shareholders. Dear Mr. Burns, I am [...]
Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , wrote the following letter to Rio Tinto plc Director Mr. Ben Wyatt and the rest of the Rio Tinto Board. Unfortunately, neither Mr. Wyatt nor any other member of the Rio Tinto Board has responded to explain the continued corporate governance [...]
Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , wrote the following letter to Rio Tinto plc Director Ms. Ngaire Woods, CBE and the rest of the Rio Tinto Board. Unfortunately, the failure of Ms. Woods to respond to Pentwater's letter is evidence that Rio Tinto continues to inflict serious [...]
Turquoise Hill Resources Ltd. today announced its financial results for the period ended September 30, 2021. All figures are in U.S. dollars unless otherwise stated. "Oyu Tolgoi produced solid operating results in the third quarter. Copper production of 41,935 tonnes was up 16% year-over-year and 14% relative to Q2'21. The mine also produced [...]
Pentwater Capital Management LP, the largest minority shareholder of Turquoise Hill Resources Ltd., has written the attached letter to the TRQ Board of Directors: Dear Members of the Board of Directors: You have failed to disclose the damning findings of the Independent Consulting Group Report that TRQ itself commissioned: "[Rio's] lack of a [...]
Turquoise Hill Resources will announce its Third Quarter Financial Results on Tuesday, November 2, 2021 after markets close in North America The Company will host a conference call and webcast to discuss third quarter financial results on Wednesday, November 3, 2021 at 8:00 am EST / 5:00 am PDT. The conference call can be accessed through the [...]
Turquoise Hill Resources Ltd. today announced third quarter 2021 production for Oyu Tolgoi LLC and provided an update on the Oyu Tolgoi mine. Q3 2021 production highlights In Q3 2021, both copper and gold production from the open pit were higher vs Q3 2020 due to higher copper and gold head grade ore from Phase 4B: Copper production of 41,935 [...]
Turquoise Hill Resources today commented on recent media reports in relation to a consulting report addressing the previously announced increase in cost and schedule extension. As announced on December 1, 2020, the board of directors of Oyu Tolgoi LLC established a special board committee comprised of two representatives of Erdenes Oyu Tolgoi and [...]
Turquoise Hill Resources Ltd. today announced its financial results for the period ended June 30, 2021. All figures are in U.S. dollars unless otherwise stated. "The Oyu Tolgoi team turned in another strong performance with production of 36,735 tonnes of copper and 113,054 ounces of gold, generating revenue of $317.8 million, a 14% increase over [...]
Turquoise Hill Resources will announce its second quarter financial results on Thursday, July 29, 2021 after markets close in North America. The Company will host a conference call and webcast to discuss second quarter financial results on Friday, July 30, 2021 at 8:00 am EST / 5:00 am PDT. The conference call can be accessed through the following [...]