X-Nico

4 unusual facts about Turquoise Hill Resources


Turquoise Hill Resources

Rio Tinto has expressed interest in raising its stake in the company from 35% to 46.6%, eventually leading to a takeover however Ivanhoe Mines is not interested in selling out.

Its focus is on the pacific rim where it is in the process of developing several large mines, the principal one being the Oyu Tolgoi Project in Southern Mongolia 200 km east of Dalanzadgad.

2013 – June - Turquoise Hill Resources announced it had secured a $225-million non-revolving bridge facility from majority shareholder Rio Tinto.

The company was called Ivanhoe Mines until August 2, 2012 when an important financing agreement was made with Rio Tinto.



see also