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MONTREAL--( BUSINESS WIRE )--Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (“Turquoise Hill” or the “Company”) will announce its third quarter financial results on Monday, November 14, 2022 before markets open in North America.
Rio Tinto signed a material definitive agreement to acquire an additional 15% of outstanding shares of Turquoise Hill Resources. The deal type and state of the negotiations are indicating the odds of a successful close are high.
A mining titan craves more copper.
A global mining giant wants to acquire Turquoise Hill to get hold of a prized copper asset.
Source: T. Schneider / Shutterstock Turquoise Hill Resources (NYSE: TRQ ) stock is is falling on Monday after the company rejected a takeover offer from Rio Tinto . In a press release from the company, leaders said that the offer from Rio Tinto isn't in the best interest of TRQ shareholders.
Turquoise Hill Resources Ltd. (NYSE:TRQ ) Q2 2022 Earnings Conference Call August 5, 2022 8:00 AM ET Company Participants Roy McDowall – Vice President-Investor Relations and Communications Steve Thibeault – Interim Chief Executive Officer Luke Colton – Chief Financial Officer Jo-Anne Dudley – Chief Operating Officer Conference Call Participants Orest Wowkodaw – Scotia Capital Ralph Profiti – Eight Capital Dalton Baretto – Canaccord Craig Hutchison – TD Securities Operator Good morning, everybody, and welcome to today's conference call for Turquoise Hill Q2 2022 Financial Results.
MONTREAL--(BUSINESS WIRE)--Turquoise Hill to announce second quarter financial results on August 4, 2022
(Kitco News) - On Thursday, Turquoise Hill Resources (TSX: TRQ) announced Q2 2022 copper production of 30.6 thousand tonnes, a decrease of 17% vs Q2 2021, at the Oyu Tolgoi mine in Mongolia.
Due to current market conditions in China, Russia's Udokan and Mongolia's Oyu Tolgoi pose significant risks to the prosperity of Chilean mining companies. Antofagasta looks like an obvious outsider, being overvalued relative to its peers in terms of valuation multiples, key operating metrics, and prospects.
The agreement between Turquoise Hill Resources and the Mongolian Government will stabilize gold and copper production by H1 2023. Minority shareholders may force Rio Tinto to increase its cash offer from C$34 for the remaining 49% stake in Turquoise Hill Resources.