www.unuudur.com: The latest news of Mongolia in the World

Rio Tinto and Bernstein Research have clashed over a report that examined the investment case for the miner’s flagship copper mine in Mongolia.

Turquoise Hill Resources Ltd. (NYSE:TRQ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 1 Brokerage Firm. 1 Brokerage Firms have advised hold.

The best bet among Americas mining stocks this week is the owner of a giant copper deposit in the Gobi Desert, a sign the industry is entering a new phase after years of cutbacks.

Shares in Rio Tinto-controlled Turquoise Hill Resources (TSE, NYSE:TRQ) soared Monday on reports that the mining giant had hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.

In a fresh sign that the downturn in the resources industry may be finally over, mining giant Rio Tinto (LON:RIO) and its Canadian affiliate Turquoise Hill (TSE:TRQ) have signed off on a $5.3 billion expansion of their massive Oyu Tolgoi copper and gold mine in Mongolia.

Out of 2 analysts covering Turquoise Hill Resources (TSE:TRQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Turquoise Hill Resources has been the topic of 2 analyst reports since November 9, 2015 according to StockzIntelligence Inc. Below is a list of Turquoise Hill Resources Ltd (TSE:TRQ) latest ratings [...]

The stock of Turquoise Hill Resources Limited (NYSE:TRQ) registered an increase of 100.83% in short interest. TRQ’s total short interest was 6.65 million shares in April as published by FINRA. Its up 100.83% from 3.31M shares, reported previously.

Turquoise Hill Resources today announced first quarter 2016 production for Oyu Tolgoi. Jeff Tygesen, Turquoise Hill Chief Executive Officer, said, “Oyu Tolgoi delivered strong first quarter production results with concentrator throughput reaching a quarterly high as well as better-than-expected gold production. We are increasing 2016 gold production guidance to reflect the mine accessing more of [...]

Workers at Rio Tinto’s Oyu Tolgoi mine in Mongolia will spend Easter weekend evaluating the damage caused by a geotechnical incident at the copper, gold and silver mine.

The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! The stock is up 4.69% or $0.13 after the news, hitting $2.9 per share. About 217,263 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has declined 38.17% since July 10, 2015 and is downtrending. It has underperformed by 28.45% the S&P500.

Rio Tinto (LON, ASX:RIO), the world’s second largest miner, has put a freeze on salaries for all employees, in a fresh attempt to weather tough market conditions marked by a continuing slump in commodities prices.

Turquoise Hill Resources Ltd (TSE:TRQ) had its target price increased by CIBC from C$4.00 to C$4.50 in a report released on Friday morning, ARN reports.

Looking ahead to 2016, Mongolia’s government publicized a series of major developments in its large state-owned mining projects of Oyu Tolgoi (OT) and Tavan Tolgoi (TT), which could pull the country’s battered economy out of its downward spiral of disappearing foreign direct investment (FDI) and falling GDP.

Shearman & Sterling has advised Mongolian company Erdenes Oyu Tolgoi on a $4.4 billion financing to expand the country’s massive Oyu Tolgoi copper mine, with Sullivan & Cromwell representing co-owner Rio Tinto, and Milbank, Tweed, Hadley & McCloy counselling the lenders.

Rio Tinto Group, the world’s second-biggest mining company, is revising the cost estimate to expand Mongolia’s Oyu Tolgoi copper and gold mine after agreeing a $4.4 billion financing package.

Rio Tinto Group, the world’s second-biggest mining company, is revising the cost estimate to expand Mongolia’s Oyu Tolgoi copper and gold mine after agreeing on a $4.4 billion financing package. The company is reacting to a dramatic change in market conditions over the past 6 months – while the costs of raw materials have fallen [...]

A $4 billion finance package for the expansion of Rio Tinto’s (LON:RIO) Oyu Tolgoi copper and gold mine in Mongolia is likely to be approved this week in Ulan Bator, the capital.

Shares in Turquoise Hill Resources (TSE,NYSE:TRQ) jumped nearly 5% in early trade on Wednesday after the company announced 2016 production and financial guidance for its Oyu Tolgoi copper-gold mine in Mongolia.

The shares of Turquoise Hill Resources Ltd (NYSE:TRQ) decreased by 9.79% in the last 20 days and lost 3.01% in the past 5 trading sessions. Turquoise Hill Resources Ltd (NYSE:TRQ) shares opened at $2.57 in the last session and had intraday high of $2.61 and low of $2.52 for a lower than normal intra-day volatility. [...]

“We’re seeing a slowdown in demand as the global economy slows, particularly commodity intensive economies like China”, Russ Koesterich, global chief investment strategist at BlackRock Inc., the world’s largest money manager, said Wednesday in a Bloomberg TV interview. With annual production of 22.8 million tonnes, Amrun’s output will offset depletion at the East Weipa deposit.

Rio Tinto’s (LON:RIO) decision on its long-delayed expansion of the Oyu Tolgoi copper and gold mine in Mongolia is likely to be affected by the current slump of the metal, which hit a fresh six-year low this week.

Rio Tinto is lining up project financing for a $4 billion expansion of its long-delayed Oyu Tolgoi copper mine in Mongolia and will make a final investment decision early next year, a senior executive said on Thursday.

Rio Tinto has warned that it will not cut copper production, saying it would be illogical to hold back output and leave space in the market for higher-cost rivals.

Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) rose by 14.34% in the past week and 1% for the last 4 weeks. The shares have outperformed the S&P 500 by 10.73% in the past week but underperformed the index by 1.7% in the last 4 weeks.

Turquoise Hill Resources Ltd. (NYSE:TRQ)(TREND ANALYSIS) announced the resignation of Stewart Beckman, Senior Vice President, Operations and Technical Development, effective October 1, 2015. Mr. Beckman has accepted a new position within Rio Tinto.

Rio Tinto says its US$6 ($8.35) billion expansion of the massive Oyu Tolgoi copper-gold project in Mongolia’s Gobi desert is a no-brainer and will go ahead despite the sharp slump in metal prices that has created investor unease.

In the centre of Ulaanbaatar, the rough and pulsating capital of Mongolia, sleek new skyscrapers share the skyline with the concrete shells of stalled, half-built office towers.

Rio Tinto said it is committed to expanding its Oyu Tolgoi copper mine in Mongolia based on a positive outlook for the metal and confidence that low production costs can buoy profits even as competitors cut output.

Key government approvals for the expansion of Mongolia’s Oyu Tolgoi copper and gold mine will allow Rio Tinto Group and its partners to advance talks with lenders, according to the state-owned company that holds a stake in the project.

Rio Tinto Group isn’t just bullish about China’s steel demand, it’s also upbeat about copper use in the world’s biggest consumer.