|Bid||18.79 x 2200|
|Ask||19.05 x 800|
|Day's Range||18.61 - 19.45|
|52 Week Range||4.40 - 19.45|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||9.30|
|Earnings Date||Mar. 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
And Rio Tinto today announced that they have entered into a binding Heads of Agreement (HoA) to provide ...
Rio Tinto Ltd said on Friday it has reached a binding agreement with Turquoise Hill Resources Ltd over funding for expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia. Rio and Turquoise Hill will restructure debt payments of up to $1.4 billion with lenders and look to raise up to $500 million in supplemental debt under existing financing arrangements. "It's just been such a troublesome asset, at least this takes away one of the issues - you have still got the issues with the government and the technical issues," said Andy Forster, portfolio manager at Argo Investments in Sydney.
Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") and Rio Tinto today announced that they have entered into a binding Heads of Agreement (HoA) to provide an updated funding plan (the "Funding Plan") for the completion of the Oyu Tolgoi LLC (OT) underground project in Mongolia. The Funding Plan is designed to address the estimated remaining funding requirement of approximately US$2.3 billion and replaces the non-binding Memorandum of Understanding that Rio Tinto and Turquoise Hill previously entered into on September 9, 2020.