News & Events:TRQ

Rio Tinto Ltd (RTNTF) on Friday signed an agreement with Mongolia's environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine.

Turquoise Hill Resources Ltd. (TRQ) today announced that the first drawbell of the Hugo North underground mine at Oyu Tolgoi is scheduled to be fired on 17 June 2022. The Company is assessing any net positive impact that this may have on timing of sustainable production of Panel 0 which is currently forecast in the first half of 2023 and will update the market as appropriate.

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.

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.

Turquoise Hill Resources Ltd (TRQ): * TURQUOISE HILL ACKNOWLEDGES RECEIPT OF NOTICE OF ARBITRATION FROM ENTRÉE RESOURCES LTD. * TURQUOISE HILL - DISPUTES CHARACTERIZATIONS MADE BY ENTRÉE IN ITS NEWS RELEASE DATED MAY 26, 2022 ANNOUNCING INITIATION OF ARBITRATION PROCEEDINGS.

Turquoise Hill Resources Ltd. (TRQ) today announced that it has received a notice of arbitration from Entrée Resources Ltd. in connection with the Earn-in Agreement with Entrée. The Company disputes the characterizations made by Entrée in its news release dated May 26, 2022 announcing the initiation of arbitration proceedings.

The following bids, mergers, acquisitions. ** Russian businessman Vladimir Potanin's Interros holding company bought its 35% stake in lender TCS Group for several hundred million dollars, he said in an interview with the Interfax news agency.

Canada's Turquoise Hill Resources Ltd (TRQ) 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.

Turquoise Hill Resources Ltd (TRQ): * TURQUOISE HILL ANNOUNCES AMENDMENT TO COMPREHENSIVE FINANCING ARRANGEMENT WITH RIO TINTO. * TURQUOISE HILL RESOURCES (TRQ) - AMENDMENT INCLUDES TO PROVIDE INTERIM DEBT FUNDING FROM RIO TINTO TO ADDRESS CO'S NEAR-TERM ESTIMATED FUNDING REQUIREMENTS.

Turquoise Hill Resources Ltd. (TRQ) today announced that the Company and Rio Tinto International Holdings Limited have agreed to amend the comprehensive funding arrangement to, among other things, provide interim debt funding from Rio Tinto to address the Company’s near-term estimated funding requirements and to extend the date by which Turquoise Hill is required to raise additional equity capital.

Turquoise Hill Resources Ltd. (TRQ) today announced that the nominees set forth in its management proxy circular dated March 30, 2022 were elected as directors of Turquoise Hill.

Turquoise Hill Resources Ltd (TRQ): * Q1 REVENUE FELL 23.5 PERCENT TO $402.7 MILLION. * Q1 EARNINGS PER SHARE $1.37. * TURQUOISE HILL - OYU TOLGOI IS EXPECTED TO PRODUCE 110 TO 150 THOUSAND TONNES OF COPPER AND 135 TO 165 THOUSAND OUNCES OF GOLD IN CONCENTRATES IN 2022. * GOLD AND COPPER PRODUCTION ARE FORECAST TO BE LOWER IN 2022 COMPARED WITH 2021 Source text for Eikon: Further company coverage:

Turquoise Hill Resources Ltd. (TRQ) today announced its financial results for the period ended March 31, 2022. “Oyu Tolgoi’s first quarter again demonstrated the operational excellence of the Oyu Tolgoi workforce. “As COVID-19 cases have trended downward, the size of the onsite workforce over the quarter increased to approximately 90% of plan.

Turquoise Hill Resources Ltd. (TRQ) will announce its first quarter financial results on Tuesday, May 10, 2022 after markets close in North America. The Company will host a conference call and webcast to discuss first quarter financial results on Wednesday, May 11, 2022 at 7:00 am EST / 4:00 am PDT. North America: 1 833 927 1758 United Kingdom: 44 808 189 6484 Australia: 61 279 083 093.

Turquoise Hill Resources Ltd (TRQ): * TURQUOISE HILL ANNOUNCES FIRST QUARTER 2022 PRODUCTION AND OYU TOLGOI MINE AND CORPORATE UPDATE. * Turquoise Hill Resources Ltd (TRQ) - Q1 2022 COPPER AND GOLD PRODUCTION FROM OPEN PIT AND UNDERGROUND WAS LOWER VERSUS Q1 2021. * Turquoise Hill Resources Ltd (TRQ) - Q1 COPPER PRODUCTION OF 30.3 THOUSAND TONNES OF COPPER IN CONCENTRATE.

Turquoise Hill Resources Ltd. (TRQ) today announced first quarter 2022 production and provided an Oyu Tolgoi LLC mine and corporate update. Q1 2022 Highlights COVID-19 Safety continues to be the Company’s top priority and controls remain in place at site to protect our people. During Q1 2022, COVID-19 cases identified at Oyu Tolgoi have trended downward.

Turquoise Hill Resources Ltd (TRQ): * TURQUOISE HILL SPECIAL COMMITTEE PROVIDES PROCESS UPDATE. * Turquoise Hill Resources Ltd (TRQ) - PROVIDED AN UPDATE ON ITS REVIEW OF UNSOLICITED NON-BINDING PROPOSAL FROM RIO TINTO. * Turquoise Hill Resources Ltd (TRQ) - IN RESPONSE TO PROPOSAL, TURQUOISE HILL'S BOARD OF DIRECTORS FORMED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS.

MONTREAL, April 7, 2022 Turquoise Hill Resources Ltd. (TRQ) today provided an update on its review of the unsolicited non-binding proposal from Rio Tinto International Holdings Ltd., the Company's majority shareholder, to acquire through a plan of arrangement the approximately 49% of the outstanding shares of Turquoise Hill held by the Company's minority shareholders for cash consideration of C$34.00...

The metals and mining sector may not be the most exciting group of assets at the moment, but that could change in the coming years. The increasing demand for mining commodities has been driven by the global efforts for green energy. The World Steel Association reported that every metric ton of steel produced in 2020 emitted 1.8 tons of carbon dioxide into the atmosphere.

We see a lot of chatter about potential deals every week and while most of these deals don't come to fruition, a surprisingly large number do. Interestingly, the success rate has improved to 43.4% and potential deals classified as "unsolicited bid" had the highest success rate with more than 51% of them ending up with a definitive merger agreement.