|Bid||3.97 x 0|
|Ask||4.05 x 0|
|Day's Range||3.83 - 4.05|
|52 Week Range||3.25 - 4.52|
|PE Ratio (TTM)||44.89|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Turquoise Hill Resources Ltd (TSX:TRQ) with a market-capitalization of CA$7.87B, rarely draw their attention. However, history showsRead More...
Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3 billion expansion remains on track, ...
Turquoise Hill Resources Ltd (TSX:TRQ), a metals and mining company based in Canada, received a lot of attention from a substantial price increase on the TSX over the last fewRead More...
A former Mongolian minister who helped launch the landmark Oyu Tolgoi copper-gold mine in 2009 told reporters on Wednesday that he expected to be exonerated by a Swiss probe into the transfer of $10 million into his account. As finance minister, Bayartsogt Sangajav signed the 2009 investment deal that granted 66 percent of the giant Gobi desert property to Robert Friedland's Ivanhoe Mines, now known as Turquoise Hill Resources and majority-owned by Anglo-Australian mining giant Rio Tinto.
Annual revenue from Mongolia's giant Oyu Tolgoi copper-gold mine fell 22 per cent last year, the Rio Tinto unit in charge of the project said, with construction delays leaving it unable to take full advantage of higher prices. Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year, Turquoise Hill Resources said in its 2017 financial report published on Thursday.
The Vancouver, British Columbia-based company said it had profit of 3 cents per share. The metal and coal mining company posted revenue of $251.7 million in the period. For the year, the company reported ...
Anti-graft authorities in Mongolia are investigating a 2009 investment pact that kickstarted development at the Oyu Tolgoi copper-gold mine now run by Rio Tinto , which helped open Mongolia to foreign investors. Turquoise Hill Resources, the Rio-controlled unit that owns a 66-percent stake in the mine, said late on Tuesday it had received a request for financial information to assist an investigation into suspected abuses of power by "authorised officials" when the 2009 pact was negotiated. There was no indication Oyu Tolgoi was a subject of the investigation, the statement said, without giving details.
When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia's Gobi Desert. For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant Oyu Tolgoi project. Now rising global demand for a metal used in electric cars and renewable energy, at a time of increased costs and depleted deposits in the world's biggest copper producer Chile, is driving miners to riskier locations.
Turquoise Hill Resources Ltd (TSX:TRQ) is trading with a trailing P/E of 29.3x, which is higher than the industry average of 9.9x. While TRQ might seem like a stock toRead More...
The Oyu Tolgoi copper and gold mine in Mongolia's southern Gobi Desert will lift force majeure effective March 1 and majority owner Turquoise Hill Resources Ltd said on Wednesday that it expected to make up any sales-related effect over the next few quarters. Force majeure was declared Jan. 17 after protests by Chinese coal haulers disrupted deliveries by blockading roads near the Chinese-Mongolian border, leaving Oyu Tolgoi convoys unable to deliver copper concentrates. Force majeure is a legal status companies invoke when they cannot make deliveries of a commodity because of forces outside of their control.
Mongolia's giant Oyu Tolgoi copper-gold mine in the Gobi desert will weigh alternative options in order to guarantee electricity supply over the coming years, it said on Friday, after casting doubt on state plans to build a new power plant in the region. Oyu Tolgoi, which is run by Anglo-Australian mining giant Rio Tinto, is under pressure to procure power from domestic rather than Chinese sources within the next four years, as stipulated in a 2009 investment agreement. Mongolia's energy minister said this week that a power plant due to be constructed at the Tavan Tolgoi coal mine near the Chinese border could help meet the supply gap, if Rio Tinto could guarantee financing for the project.
Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power. Tensions have mounted between the Mongolian government and its fellow shareholders in Oyu Tolgoi, where Rio Tinto is operating a huge underground extension.
Rio Tinto (RIO.AX) (RIO.L) on Wednesday denied allegations by a Dutch non-profit organisation that it had avoided paying $700 million of tax to Mongolian and Canadian authorities relating to its giant Oyu Tolgoi copper project. Rio Tinto is investing about a $1 billion (£706.5 million) a year at Oyu Tolgoi in the Gobi Desert, where it operates a mine and is building an underground extension that would add approximately 500,000 tonnes of production a year in the next decade. The Centre for Research on Multinational Corporations, known as SOMO, alleged in a report that Rio and its Canadian subsidiary Turquoise Hill used so-called mailbox companies in the Netherlands and Luxembourg to avoid $470 million in Canadian taxes and $230 million in Mongolian taxes.
Rio Tinto on Wednesday denied allegations by a Dutch non-profit organisation that it had avoided paying $700 million of tax to Mongolian and Canadian authorities relating to its giant Oyu Tolgoi copper project. Rio Tinto is investing about a $1 billion a year at Oyu Tolgoi in the Gobi Desert, where it operates a mine and is building an underground extension that would add approximately 500,000 tonnes of production a year in the next decade.
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. InvestorsRead More...
MELBOURNE/ULAANBAATAR, Jan 22 (Reuters) - Global miner Rio Tinto will set up a new office in the Mongolian capital, separate from its giant Oyu Tolgoi project, to focus on exploration and local ties, strengthening its commitment to one of the world's greatest copper prospects. Mongolia's proximity to neighbouring China, the world's biggest copper consumer, has attracted interest from international prospectors as an anticipated leap in electric vehicle demand and renewable energy would increase consumption of a commodity that already has multiple uses.