Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , has written the attached letter to the Rio Tinto Plc Board of Directors: Dear Members of the Board of Directors of Rio Tinto Plc: I am disappointed with the need to write this letter to you. Just three short days ago I wrote to you listing a litany [...]
Turquoise Hill Resources today commented on the announcement that the board of directors of Oyu Tolgoi LLC, TRQ's 66% owned subsidiary, has approved a resolution establishing a special board committee mandated to conduct an independent review of the causes of the cost overruns and delays to the Oyu Tolgoi underground development announced in 2019 [...]
Pentwater Capital Management LP , the largest minority shareholder of Turquoise Hill Resources Ltd. , has written the attached letter to the Rio Tinto Plc Board of Directors: Dear Members of the Board of Directors of Rio Tinto Plc: Pentwater Capital Management is the largest minority shareholder of Turquoise Hill. We are writing to you because it [...]
Turquoise Hill Resources Ltd. today issued the following statement regarding the published letter to Rio Tinto plc from Odey Asset Management LLP, a short-seller in Turquoise Hill's stock and claiming to be a shareholder of Rio Tinto who, in stark contrast and opposition to our shareholders, profits from a decline in Turquoise Hill's share price [...]
Turquoise Hill Resources Ltd. today announced its financial results for the period ended September 30, 2020. All figures are in U.S. dollars unless otherwise stated. "Despite ongoing challenges related to the COVID-19 pandemic, Oyu Tolgoi posted another excellent quarter from a safety, productivity and underground development perspective. The open [...]
Turquoise Hill Resources Ltd. announced today that it is commencing arbitration proceedings seeking a declaration to clarify the provisions of certain agreements with Rio Tinto International Holdings Limited and a related party relating to their role and obligations to support the Company in seeking additional financing for the Oyu Tolgoi project [...]
Turquoise Hill Resources will announce its third quarter financial results on Friday, November 13, 2020 after markets close in North America. The Company will host a conference call and webcast to discuss third quarter financial results on Monday, November 16, 2020 at 8:00 a.m. EST / 5:00 a.m. PDT. The conference call can be accessed through the [...]
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Turquoise Hill Resources Ltd. and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Turquoise Hill securities between July 17, 2018 and July 31, 2019, both dates inclusive . Such [...]
Turquoise Hill Resources Ltd. announced today that it has implemented the previously announced consolidation of the Company's issued and outstanding common shares at a ratio of one post-consolidation share for every ten pre-consolidation shares, effective today, October 23, 2020 at 5:00 p.m. . The Consolidation was previously approved by the [...]
Turquoise Hill Resources Ltd. today announced third quarter 2020 production for Oyu Tolgoi and provided an update on underground development, COVID-19 and the definitive estimate. Q3' 2020 Highlights Copper and gold production guidance for 2020 remains within the ranges of 140,000 to 170,000 tonnes and 155,000 to 180,000 ounces respectively, with [...]
Turquoise Hill Resources Ltd. today announced that Oyu Tolgoi LLC has been awarded the Copper Mark, the copper industry's new independently assessed responsible production program. The Copper Mark is the first and only program for responsible production in the copper industry. Originally developed by the International Copper Association with inputs [...]
Turquoise Hill Resources Ltd. announced today that it is proceeding with the planned consolidation of the Company's issued and outstanding common shares at a ratio of one post-consolidation share for every ten pre-consolidation shares . The Consolidation will be effective as of October 23, 2020. Notice has been provided to the New York Stock [...]
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