TSX slips, Feb. 21-24
The S&P/TSX Composite Index lost ground, retreating 1.9% to 15,533.47, during the holiday-shortened trading week. The S&P/TSX Global Mining Index tumbled 5.2% to 67.69, while the S&P/TSX Global Gold Index lost…
The S&P/TSX Composite Index lost ground, retreating 1.9% to 15,533.47, during the holiday-shortened trading week. The S&P/TSX Global Mining Index tumbled 5.2% to 67.69, while the S&P/TSX Global Gold Index lost…
Canada’s benchmark index enjoyed another weekly gain, rising 236.8 points, or 1.7%, to close at 13,874 points, on the back of higher oil prices and encouraging economic data. The S&P/TSX…
VANCOUVER — Copper-gold producer Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has been on a strong run over the past eight weeks after promising press releases for its large-scale Oyu Tolgoi mine, 550 km south of Ulaanbaatar, Mongolia.
In late February Mongolian President Elbegdorj Tsakhia may have pardoned three former employees of SouthGobi Resources (TSX: SGQ) who were convicted in a tax evasion case on Jan. 30, and handed jail sentences of between five and six years, but…
Canada’s main stock index was in the red during the week of the Prospectors & Developers Association of Canada convention, with the country reporting lower gross domestic product growth in the fourth quarter and a worsening trade…
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and…
Three former employees of SouthGobi Resources (TSX: SGQ) including a U.S. citizen are slated to spend the next five years behind bars after a Mongolian court found them guilty of tax evasion.
VANCOUVER — It’s been a nightmare two years for Mongolia-focused producer SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF), as it weathers socio-political challenges and low coking and thermal coal prices.
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South…
Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…
Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market with good and bad news about its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert.
Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market on its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert with a mix of potentially good and bad news.