Turquoise Hill Resources (the "Company") today commented on recent media reports in relation to a consulting report addressing the previously announced increase in cost and schedule extension.
The review "raises certain questions in relation to the project management process" around the cost blowout and delay, Turquoise Hill said. "Rio Tinto will engage with the OT (Oyu Tolgoi) Board as soon as we have had the opportunity to review the report in detail," Australia's Rio Tinto said in an emailed statement. Rio owns 51% of Turquoise Hill, which owns 66% of the Oyu Tolgoi mine.
Image source: The Motley Fool. Turquoise Hill Resources Ltd (NYSE: TRQ)Q2 2021 Earnings CallJul 30, 2021, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen, and welcome to Turquoise Hill Second Quarter Financial Results Conference Call.