|Bid||0.0000 x 1100|
|Ask||0.9000 x 2200|
|Day's Range||0.8110 - 0.8499|
|52 Week Range||0.3000 - 1.1000|
|Beta (5Y Monthly)||1.74|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TRQ.TO) (TRQ.TO), twice in the past two weeks has written to Turquoise Hill highlighting the Company’s inadequate and misleading disclosure of important financial information. Turquoise Hill’s announcement last Thursday served as another opportunity for the Company to be transparent with its shareholders and tell the truth about its improved liquidity position. Pentwater must ask at this point: is the Board and management team deaf, corrupt, or mindless?
MONTREAL , July 2, 2020 /CNW/ - Turquoise Hill Resources Ltd. (" Turquoise Hill " or the " Company ") today announced its updated Mineral Resources and Mineral Reserves, prepared in ...
Last Wednesday, Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TRQ.TO) (TRQ.TO), wrote to Turquoise Hill highlighting the Company’s inadequate and misleading disclosure of important financial information. Specifically, Pentwater explained how the Company’s disclosure of a $4 billion capital shortfall was misleading because it failed to explain that over $900 million of the shortfall was for the construction of a power plant that the government of Mongolia publicly indicated it intended to build, and over $1.9 billion of the shortfall was for debt amortization payments that typically can be extended for the payment of a small fee.
MONTREAL, June 28, 2020 /CNW/ - Turquoise Hill Resources today announced the Government of Mongolia and Oyu Tolgoi LLC have reached an agreement to prioritise a State Owned Power Plant (SOPP) in order to support the Government's decision, taken by Cabinet in April, 2020, as the domestic power solution for the Oyu Tolgoi mine in Mongolia. The agreement envisages that the Government of Mongolia would fund and construct a SOPP at Tavan Tolgoi.
NAPLES, Fla., June 24, 2020 (GLOBE NEWSWIRE) -- Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TRQ.TO) (TRQ.TO), has written the attached letter to the Board of Directors. The letter outlines yet another example of how the Board has benefited its largest shareholder Rio Tinto by failing to disclose important and necessary financial information to TRQ shareholders.
SAILINGSTONE CAPITAL PARTNERS ("SailingStone") announces that it has written an open letter to the shareholders of Turquoise Hill Resources Ltd (TSX/NYSE: TRQ) ("Turquoise Hill") informing them of SailingStone’s voting intentions at the rescheduled Annual and Special Meeting on July 24, 2020. A copy of the letter can be found at https://sailingstonecapital.com/media.html
Turquoise Hill announces financial results and review of operations for the first quarter of 2020, and updated Panel 0 mine design
Pentwater Capital Management LP ("Pentwater"), a long-term supportive investor and the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TRQ.TO) (TRQ.TO), owning, together with its affiliates and associates, approximately 9.09% of the Company's issued and outstanding common shares, today responded to Turquoise Hill’s April 27, 2020 press release. Yesterday morning, without advance notice to Pentwater, Turquoise Hill unilaterally postponed the upcoming annual general and special meeting of shareholders at which Pentwater is proposing resolutions that would significantly enhance minority shareholder rights.
MONTREAL , April 27, 2020 /CNW/ - Turquoise Hill Resources ( Turquoise Hill or the Company ) today announced the postponement of its annual general and special meeting (the Meeting ) of shareholders of ...
MONTREAL , April 16, 2020 /CNW/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced first quarter 2020 production for Oyu Tolgoi and provided an update on underground development, COVID-19 and power. Q1 production was another strong performance given the mining position within the open pit sequence with results exceeding expectations despite quarterly copper and gold production being lower than the same quarter of the previous year.
Pentwater Capital Management LP ("Pentwater"), a long-term supportive investor and the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TRQ.TO) (TRQ.TO), owning, together with its affiliates and associates, approximately 9.09% of the Company's issued and outstanding common shares, today responded to Turquoise Hill’s April 6, 2020 press release. Pentwater believes that Turquoise Hill’s release not only fails adequately to address the important concerns voiced in Pentwater’s recently filed proxy circular, but is both misleading and inaccurate in its attempt to deflect accountability for the self-inflicted wounds that have been an overhang on the Company's otherwise world-class asset base away from the Company’s management team and board of directors (the "Board").
Turquoise Hill's Board values engagement with its shareholders and believes an open dialogue with its shareholders is essential to its long-term success. Upon receiving the proposals from Pentwater, management and independent Board members held direct discussions with Pentwater about their proposals to better understand and address their concerns. The Board, led by the independent directors and supported by external advisors, thoroughly reviewed both proposals and recommended that shareholders vote against the first proposal and withhold their vote on the second proposal for the reasons outlined in the Company's Management Proxy Circular, filed with securities regulators on March 20, 2020.
Turquoise Hill shareholders have suffered massive value destruction at the hands of Rio Tinto, which operates the Oyu Tolgoi Project (allegedly under the watchful eye of Oyu Tolgoi's majority owner, Turquoise Hill) while also being the majority shareholder of Turquoise Hill. Turquoise Hill’s board and management have failed to effectively oversee Rio Tinto, and intervene in the abuse of control and refusal to make complete and truthful disclosure by Rio Tinto of the Oyu Tolgoi Project.
NEW YORK, NY / ACCESSWIRE / March 23, 2020 / Turquoise Hill Resources Ltd. (NYSE:TRQ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 23, 2020 at ...
MONTREAL , March 21, 2020 /CNW/ - Turquoise Hill Resources today announced its financial results for the year ended December 31, 2019 . All figures are in U.S. dollars unless otherwise stated. "For ...
MONTREAL, March 16, 2020 /CNW/ - Since January, the movement of goods and people within Mongolia has been restricted within and across its borders to prevent the spreading of the novel coronavirus (COVID-19). Following the first positive test for COVID-19 in Mongolia on March 10 2020, the Government of Mongolia increased its restrictions on flights in and out of the country and on the movement of goods and people within and across its borders. Oyu Tolgoi LLC is complying with all of these directives and is working closely with the Mongolian authorities to prioritize the health and safety of all its employees and the wider community.
MONTREAL , March 10, 2020 /CNW/ - Turquoise Hill Resources will announce its fourth quarter and full year 2019 financial results on Friday, March 20, 2020 after markets close in North America . The Company ...
MONTREAL , Feb. 17, 2020 /CNW/ - Turquoise Hill Resources today announced the submission of the Feasibility Study for the Tavan Tolgoi Power Plant (TTPP) Project to the Government of Mongolia by Oyu Tolgoi LLC. Oyu Tolgoi LLC is obliged under the 2009 Oyu Tolgoi Investment Agreement (Investment Agreement) to secure a long-term domestic source of power for the Oyu Tolgoi mine.
MONTREAL, Feb. 14, 2020 /CNW/ - Turquoise Hill Resources Ltd. (the "Company") announced today that it will be seeking shareholder approval to implement a consolidation of its outstanding common shares. Reasons for and details of the share consolidation will be included in the Company's Management Proxy Circular, which will be mailed to the Company's shareholders in advance of the Company's 2020 Annual Meeting of Shareholders. The Company also announced today that it intends to voluntarily delist its common shares from the Nasdaq Stock Market LLC (the "Nasdaq").
MONTREAL , Jan. 21, 2020 /CNW/ - Turquoise Hill Resources today announced the appointment of George Burns to the Company's Board of Directors as an independent director. Mr. Burns, President and Chief ...
MONTREAL , Jan. 16, 2020 /CNW/ - Turquoise Hill today announced fourth quarter 2019 production for Oyu Tolgoi as well as operational and financial guidance for 2020. Highlights: Full year copper production ...
MONTREAL, Dec. 11, 2019 /CNW/ - In March 2018, the Speaker of the Mongolian Parliament appointed a Parliamentary Working Group to review the implementation of the Investment Agreement signed on October 6, 2009. The mandate was subsequently expanded to include the Amended & Restated Shareholder Agreement signed June 8, 2011, and the Oyu Tolgoi Underground Mine Development and Financing Plan, signed on May 18, 2015. Upon completion of the PWG review and its report, a Resolution was submitted to the Economic Standing Committee, and subsequently passed in a plenary session of the Parliament of Mongolia on November 21st.
MONTREAL , Nov. 19, 2019 /CNW/ - Turquoise Hill Resources (TRQ) today notes Administrative Court proceedings in Mongolia with regard to a lawsuit initiated by the Darkhan Mongol Nogoon Negdel Non-Governmental Organization (NGO) relating to the Government of Mongolia's process in finalising the Oyu Tolgoi Underground Mine Development and Financing Plan (UDP). Early reports suggest the Administrative Court of first instance has upheld claims by the NGO that due process was not followed by the Government of Mongolia in finalising the UDP, although the Court's formal written ruling is expected to be released only in the coming weeks. Adherence to the principles of the Investment Agreement, ARSHA and the Underground Plan has allowed for the development of the Oyu Tolgoi mine in a manner that has given rise to significant long-term benefits to the people of Mongolia .