Turquoise Hill is an international mining company focused on the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia, which is the Company’s principal and only material mineral resource property. Turquoise Hill’s ownership of the Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC; the remaining 34% interest is held by Erdenes Oyu Tolgoi LLC, a Mongolian state-owned entity.
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The company has not participated in any projects.
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Rio Tinto has reached an agreement with Turquoise Hill to acquire 49% of Turquoise Hill's common shares at a price of CAD43 (US$32) per share. Rio Tinto and Turquoise Hill have agreed to: an incre...
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