Markets
TSX21613.18+64.75
TSXV975.58+5.13
DOW35804.38-9.42
S&P 5004701.46+10.76
NASD15845.23+70.09
ASX7407.30+7.90
Commodities
Gold1805.12+13.43
Silver23.47-0.09
Copper4.32-0.15
Palladium1812.66-45.33
Platinum973.55-23.45
Oil73.16-5.23
Heating Oil2.24-0.14
Natural Gas5.13+0.06
Currencies
BTCUSD54776.09-4337.57
USDCAD1.2760+0.0095
USDEUR0.8881-0.0040
USDGBP0.7509-0.0002
USDAUD1.4026+0.0088
USDJPY114.03-1.03

Pentwater Issues Public Letter to George Burns Regarding Ongoing Breaches of Fiduciary Duty

Pentwater Capital Management LP (" Pentwater "), the largest minority shareholder of Turquoise Hill Resources Ltd. (" Turquoise Hill ") (TSX:TRQ) (NYSE:TRQ), 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,

Keep reading... Show less
Copper Investing

Pentwater Issues Public Letter on Corporate Governance to Rio Tinto Director Ben Wyatt

Pentwater Capital Management LP (" Pentwater "), the largest minority shareholder of Turquoise Hill Resources Ltd. (" Turquoise Hill ") (TSX:TRQ) (NYSE:TRQ), wrote the following letter to Rio Tinto plc (" Rio Tinto " or " Rio ") (LSE:RIO) 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 breaches Rio Tinto continues to inflict upon Turquoise Hill minority shareholders.

Dear Mr. Wyatt,

Keep reading... Show less
Copper Investing

Pentwater Issues Public Letter on Corporate Governance to Rio Tinto Director Ngaire Woods

Pentwater Capital Management LP (" Pentwater "), the largest minority shareholder of Turquoise Hill Resources Ltd. (" Turquoise Hill ") (TSX:TRQ) (NYSE:TRQ), wrote the following letter to Rio Tinto plc (" Rio Tinto " or " Rio ") (LSE:RIO) Director Ms. Ngaire Woods, CBE and the rest of the Rio Tinto Board. Unfortunately, the failure of Ms. Woods (or any other member of the Rio Tinto Board) to respond to Pentwater's letter is evidence that Rio Tinto continues to inflict serious corporate governance breaches upon Turquoise Hill minority shareholders.

Dear Ms. Woods,

Keep reading... Show less