US fund threatens Rio Tinto with legal action over Oyu Tolgoi finances
Pentwater Capital has joined ongoing spat over over how to finance the underground copper project in Mongolia, with “oppression” order warning.
Pentwater Capital has joined ongoing spat over over how to finance the underground copper project in Mongolia, with “oppression” order warning.
The Dow Jones Industrial Average rose 1.87% to finish the week at 27,682.81 and the S&P 500 Index climbed 1.52% to 3,348.44. Spot gold increased US$37.60 per oz., or 2.02%,…
The Global Mining Symposium’s final panel brought together experts from across the industry to discuss the merits and shortcomings of feasibility studies and how they can be improved to add…
The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot gold lost 1.50%, or US$29.50…
Rio Tinto (NYSE: RIO; LSE: RIO) has reached an agreement with Mongolia regarding the construction of a power plant to supply the giant Oyu Tolgoi copper and gold mine, located…
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China’s economy, as it reported improved shipments of iron ore to the country, but the company cut its…
Shares of Canada’s Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) sunk to historic lows in August on news that production from the vast Oyu Tolgoi copper-gold-silver mine in Mongolia could…
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of US$394.3 million — a 255.4% jump over 2017’s US$110.9 million — driven by an increase in gold production and…
The Dow Jones Industrial Average rose 2.36% to 25,270.83 and the S&P 500 Index increased 2.42% to 2,723.06. New York spot gold fell US60¢ to finish at US$1,232.20 per oz.,…
A week after the Mongolian government hit Turquoise Hill Resources (NYSE: TRO) with a US$155-million tax bill associated with the Oyu Tolgoi copper-gold mine, Rio Tinto (NYSE: RIO; LON: RIO),…
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