Turquoise Hill Resources Ltd.

Turquoise Hill Resources today announced that Oyu Tolgoi LLC has received an information request from the Mongolian Anti-Corruption Authority to provide financial information relating to Oyu Tolgoi. The request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi Investment Agreement. There is no indication in the ACA information request to [...]

Turquoise Hill Resources will announce its fourth quarter and full year 2017 financial results on Thursday, March 15, 2018 after markets close in North America. The Company will host a conference call and webcast to discuss fourth quarter and full year 2017 results on Friday, March 16, 2018 at 11:00 am EDT/8:00 am PDT. The conference call can be accessed through the following dial-in details: North America: 210 229 [...]

Turquoise Hill today announced that Oyu Tolgoi will lift force majeure notice to customers effective March 1, 2018. Safe and normal mine operations, including underground development, have been maintained and no production impact is expected. Turquoise Hill expects any force majeure-related sales impact to be made up over the next few quarters. On January 17, 2018, Oyu Tolgoi declared force majeure in connection to [...]

Turquoise Hill today announced that Oyu Tolgoi has received notification the Government of Mongolia has canceled the Power Sector Cooperation Agreement , which was signed in 2014. The Government's cancellation, under Section 1.3 of the PSCA, indicates that the Tavan Tolgoi power project is no longer a viable option. In August 2014, the Government of Mongolia and Oyu Tolgoi signed the PSCA for the exploration of a [...]

Turquoise Hill today announced that Oyu Tolgoi has completed the sinking of Shaft 2, including reaching final depth, shaft bottom mass excavation and concrete floor installation, marking an early milestone in the development progress of Hugo North Lift 1. The fit out of Shaft 2 will take place throughout 2018. Jeff Tygesen, Turquoise Hill Chief Executive Officer, said, "The completion of Shaft 2 sinking is the first [...]

Turquoise Hill Resources today announced that Oyu Tolgoi has declared force majeure in connection to customer contracts for concentrate due to a protest by Chinese coal transporters recently commenced in the area of the Ganqimaodu Border Zone. On January 8, 2018, the protestors used a large number of vehicles to obstruct the main access road within China to the Chinese-Mongolian border. The main border crossing for [...]

Turquoise Hill Resources today announced that Oyu Tolgoi LLC has received, and is evaluating, a Tax Act for approximately US$155 million from the Mongolian Tax Authority relating to an audit on taxes imposed and paid by Oyu Tolgoi LLC between 2013 and 2015. Turquoise Hill is of the firm view that Oyu Tolgoi LLC has paid all taxes and charges required under the Investment Agreement and Mongolian law. The tax [...]

Oyu Tolgoi meets 2017 production guidance; achieves record material mined and throughput Shaft 2 reaches final depth in December 2017 Turquoise Hill Resources today announced fourth quarter 2017 production for Oyu Tolgoi. Jeff Tygesen, Chief Executive Officer of Turquoise Hill, said, "Oyu Tolgoi had a strong fourth quarter setting quarterly and annual records for open pit material mined as well as concentrator [...]

Turquoise Hill Resources today announced the appointment of Stephen Jones to the Company's Board of Directors effective December 18. Peter Gillin, Turquoise Hill Chairman, said, "The board welcomes Stephen and we look forward to working with him. We will benefit from his extensive mining experience as well as his in-depth knowledge of Oyu Tolgoi." Mr. Jones has more than 20 years of experience working for Rio Tinto [...]

Turquoise Hill Resources today announced 2018 production and financial guidance. Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 240,000 to 280,000 ounces of gold in concentrates for 2018. Open-pit operations are expected to mine in Phase 6 in early 2018 and Phase 4 throughout the year. In addition, stockpiled ore will be processed during 2018. The increased gold production relative to the [...]