Turquoise Hill returns to production at Oyu Tolgoi after fire Turquoise Hill's operations at the Oyu Tolgoi concentrator recommenced after three days on December 6, with both SAG mills and three of four ball mills now operating. Repairs to the concentrator's damaged cyclone pack are progressing well and are expected to be complete in three to four weeks. Turquoise Hill expects to meet its 2014 production guidance.
Turquoise Hill announces dismissal of class action lawsuit Turquoise Hill announced that District Court Judge Lorna G. Schofield dismissed the consolidated putative securities class action lawsuit that had been filed in the Southern District of New York against the company and certain of its officers and directors in December 2013. The lawsuit sought to recover damages that it claimed were attributable to alleged misstatements about the company's financial performance┬ arising out of revisions to its recognition of revenue on coal sales made by its partially-owned subsidiary, SouthGobi Resources, Ltd., as previously disclosed on November 8, 2013.