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Turquoise Hill Resources Ltd. (TRQ)

NYSE - NYSE Delayed Price. Currency in USD
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27.63-0.27 (-0.97%)
At close: 04:00PM EDT
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  • Reuters

    UPDATE 1-Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7 bln offer

    Canada's Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner's $2.7 billion bid for the company. Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill (TRQ) it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia. However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.

  • Reuters

    Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7 bln offer

    Canada's Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner's $2.7 billion bid for the company. Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia. However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.

  • Business Wire

    Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto

    MONTREAL, May 18, 2022--Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto