Ангилал: Оюу толгой
Rio Tinto freezes all pay for 2016 as commodities rout bites
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 (TRQ) Price Target Raised to C$4.50 at CIBC
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.
Developments at Mongolia’s Two Largest Mines Obscure Government’s Pre-Election ‘Go Slow’ Strategy
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, S&C, Milbank star in $4.4 bln financing for Mongolia mega mine
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 Revising Mongolia Mine Costs After $4.4 Billion Funding
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.
Inside Mongolia’s Manhattan-Sized Mega-Mine
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 [...]
Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report
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.
Turquoise Hill jumps on 2016 guidance
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.
Turquoise Hill Resources Ltd’s Company Shares Decreased 9.79% After Low Volatility
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. [...]
Rio Tinto set to decide on expansion of Mongolia copper mine
“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.
Copper prices weigh on Rio Tinto’s looming decision on Oyu Tolgoi expansion
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 set to decide on expansion of Mongolia copper mine
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 vows to not cut copper output despite falling prices
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.
Company Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ) Rally 14.34%
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) Announced Changing in Management Department
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.
Mongolia banks on upside for copper
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.
As rivals blink, Rio Tinto plans to expand Mongolia copper mine
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.
Oyu Tolgoi Financing Set to Advance After Mongolian Approvals
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.
First Steel, Now Copper: Rio Stays Optimistic on Chinese Growth
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.
Turquoise Hill Resources Receives Consensus Rating of “Hold” from Brokerages
Shares of Turquoise Hill Resources (NYSE:TRQ) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month [...]
Turquoise Hill Resources Ltd. Price Target Update
Turquoise Hill Resources Ltd. (NYSE:TRQ): 2 analysts have set the short term price target of Turquoise Hill Resources Ltd. (NYSE:TRQ) at $4.19. The standard deviation of short term price target has been estimated at $0.26, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 4 [...]
Oyu Tolgoi: one step in a long journey
Much has been written about the Mongolian government and Rio Tinto’s recent agreement over the Oyu Tolgoi copper deposit. But while the Oyu Tolgoi agreement is positive and welcoming news for the country and its 3 million people, I feel that its significance has been greatly exaggerated. In itself, it is not a silver bullet [...]
Turquoise Hill Announces Financial Results and Review of Operations for the Second Quarter of 2015
Turquoise Hill Resources today announced its financial results for the quarter ended June 30, 2015. All figures are in US dollars unless otherwise stated.
Rio Tinto agrees to invest in Mongolia’s Oyu Tolgoi mine
After two years of intense negotiations, mining giant Rio Tinto has made a deal to invest between $250-300 million to the underground section of the large Oyu Tolgoi copper and gold mine in Mongolia.
Turquoise Hill Resources Downgraded to “Sell” at Zacks
Turquoise Hill Resources (NYSE:TRQ) was downgraded by Zacks from a “hold” rating to a “sell” rating in a research report issued on Tuesday, ARN reports.
Oyu Tolgoi project financing seen signed by year-end -Turquoise Hill
A project financing agreement for the underground expansion of Oyu Tolgoi, a massive copper and gold mine in Mongolia, is expected to be signed by year end, mine owner Rio Tinto’s Turquoise Hill Resources unit said on Wednesday.
Rio Tinto confident banks are backing Oyu Tolgoi
Rio Tinto’s top copper and coal executive Jean-Sébastien Jacques says some banks have already recommitted to help finance the $US4 billion ($5.2 billion) the miner is seeking for its stalled copper and gold project in Mongolia.
TURQUOISE HILL RESOURCES LTD. SHORT INTEREST DROPS BY -10.8%
Turquoise Hill Resources Ltd. (NYSE:TRQ) has witnessed a drop of 10.8% or 2,223,887 shares in its short figure. The short interest diminution took it from 20,673,093 on April 30,2015 to 18,449,206 on May 15,2015. In terms of floated shares, the short interest was calculated to be 2%. The days to cover are 4 given that [...]