Turquoise Hill Resources Ltd. (TRQ)
After hours:
| Previous Close | 26.94 |
| Open | 27.24 |
| Bid | 0.00 x 1200 |
| Ask | 0.00 x 800 |
| Day's Range | 26.72 - 27.73 |
| 52 Week Range | 9.75 - 31.05 |
| Volume | |
| Avg. Volume | 870,209 |
| Market Cap | 5.542B |
| Beta (5Y Monthly) | 1.87 |
| PE Ratio (TTM) | 10.49 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
Mongolia urges transparency as Rio Tinto seeks control of giant Oyu Tolgoi project
A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the troubled project. Mongolia owns 34% of Oyu Tolgoi, one of the world's largest-known copper and gold deposits in the Gobi desert, and Rio controls the rest through its 51% stake in Toronto-listed Turquoise Hill Resources. Rio Tinto and the Mongolian government in January reached an agreement to end a long-running dispute over a $6.75-billion expansion of the mine which is behind schedule and has run $1.4 billion over budget.
- 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.
