Investing News Network

Markets
TSX18861.36-217.28
TSXV617.26-9.08
DOW30775.43-253.88
S&P 5003785.38-33.45
NASD11028.74-149.16
ASX6700.20-63.40
Commodities
Gold1807.30-11.52
Silver20.28-0.46
Copper3.68-0.03
Palladium1938.50-23.50
Platinum895.50-23.50
Oil106.01+0.25
Heating Oil3.86+0.03
Natural Gas5.51+0.08
Currencies
BTCUSD18753.64-1366.60
USDCAD1.2875-0.0009
USDEUR0.9542-0.0031
USDGBP0.8214-0.0030
USDAUD1.4488-0.0049
USDJPY135.75-0.87

Turquoise Hill Announces First Drawbell Firing

Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the first drawbell of the Hugo North underground mine at Oyu Tolgoi ("OT") is scheduled to be fired on 17 June 2022. This is ahead of expectations and represents continued progress in terms of caving related milestones.

The Company is assessing any net positive impact that this may have on timing of sustainable production of Panel 0 which is currently forecast in the first half of 2023 and will update the market as appropriate.

Keep reading... Show less

Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto

Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the Company and Rio Tinto International Holdings Limited ("Rio Tinto") have agreed to amend the comprehensive funding arrangement to, among other things, provide interim debt funding from Rio Tinto to address the Company's near-term estimated funding requirements and to extend the date by which Turquoise Hill is required to raise additional equity capital.

On March 14, 2022, Rio Tinto announced a non-binding proposal to acquire the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders for cash consideration of C$34.00 per share (the "Proposal"). In response to the Proposal, the Board of Directors of the Company formed a special committee of independent directors (the "Special Committee") to review and consider the Proposal. The mandate of the Special Committee includes responsibility for considering the Company's liquidity needs and financing options pending the Company's consideration of the Proposal.

Keep reading... Show less

Turquoise Hill Announces Results of Voting for Directors

Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the nominees set forth in its management proxy circular dated March 30, 2022 were elected as directors of Turquoise Hill. The detailed results of the vote for the election of directors held at the annual meeting of shareholders, which took place on May 11, 2022, are set out below.

Election of Directors

Keep reading... Show less
×