Turquoise Hill rebels against Rio’s pressure

Original article by Peter Ker
The Australian Financial Review – Page: 20 : 6-Nov-20

Canada-based Turquoise Hill Resources has commenced arbitration proceedings against Rio Tinto over a disagreement regarding financing options for the expansion of the Oyu Tolgoi copper mine in Mongolia. Rio Tinto has pushed for Turquoise Hill to finance a cost blowout at the project via a capital raising rather than by taking on additional debt. Rio Tinto has a 50.79 per cent stake in Turquoise Hill.

CORPORATES
RIO TINTO LIMITED – ASX RIO, TURQUOISE HILL RESOURCES LIMITED

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