Rio Tinto looming talks with Mongolia to decide Oyu Tolgoi’s fate
The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind…
Turquoise Hill Resources
Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The Government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX:…
Rio Tinto taps finance head as new CEO
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has named finance head Jakob Stausholm as its next chief executive, replacing incumbent Jean-Sébastien Jacques who had…
Rio Tinto’s $6.75B Oyu Tolgoi expansion to kick off production in 2022
Rio Tinto (NYSE:RIO; LSE: RIO; ASX: RIO) unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin…
Mongolia, Turquoise Hill force Rio Tinto into Oyu Tolgoi cost review
The Government of Mongolia and representatives of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) have set up a special board committee to conduct an independent review…
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.
US markets climb, Sept. 28-Oct. 2
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…
‘A structured process’: SRK panel discusses strengths and weaknesses of feasibility studies at the Global Mining Symposium
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…
US markets fall, Aug. 31-Sept. 4
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…
Rio Tinto shifts responsibility for coal power plant at Oyu Tolgoi
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…
Rio Tinto lowers copper target; flags issues at Oyu Tolgoi
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,…
Turquoise Hill faces trouble at Mongolian mine
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…