Turquoise Hill Resources, Mongolian Government Plan to Continue Talks in March for Oyu Tolgoi

Turquoise Hill Resources Ltd. (TSX:TRQ, NYSE:TRQ, NASDAQ:TRQ) announced that progress is being made in talks with the Government of Mongolia about Oyu Tolgoi.

As quoted in the press release:

Turquoise Hill and Rio Tinto continue to have productive discussions with the Government of Mongolia on a range of issues related to the implementation of the Investment Agreement, including project development and costs, operating budget, project financing, management fees and governance. While progress on these issues was made during the latest meetings, all parties have agreed to continue discussions during March 2013 with a goal of resolving the issues in the near term.

Turquoise Hill’s CEO, Kay Priestly, said:

Given Oyu Tolgoi’s significant economic and social benefits to Mongolia, it is in the best interest of all stakeholders to swiftly resolve these important issues and keep the project on schedule. We are open and willing to consider opportunities related to the implementation of the Investment Agreement and companion Shareholders’ Agreement that will assist the Government as long as it preserves the respective agreements.

To view the whole press release, click here.