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August 14, 2014
07:35 EDTTRQTurquoise Hill, Oyu Tolgoi sign PSCA with Mongolia government
Turquoise Hill announced that Oyu Tolgoi has signed a Power Sector Cooperation Agreement with the government of Mongolia for the exploration of a Tavan Tolgoi-based independent power producer. The agreement lays out a framework for long-term strategic cooperation between the Mongolian Government and Oyu Tolgoi to deliver a comprehensive energy plan for the South Gobi region. Participation in the agreement meets Oyu Tolgoi's obligation in the Investment Agreement to establish a long-term power supply within Mongolia four years from the commencement of commercial production. The agreement provides a framework for a broad range of power-related issues, including establishment of a power generation source, transmission lines and power imports. The centerpiece of the PSCA is an open, international tender process to identify and select an independent power provider to privately fund, construct, own, and operate a power plant to supply electricity, with Oyu Tolgoi as the primary consumer. Full evaluation of the independent power producer option is expected to take nine to 12 months.
News For TRQ From The Last 14 Days
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October 17, 2014
13:06 EDTTRQTurquoise Hill receives Mongolian Treasury Bill repayment
Turquoise Hill Resources announced that the company has received repayment for its $115M Mongolian Treasury Bill, which matures on October 19.
October 14, 2014
17:40 EDTTRQTurquoise Hill sees FY14 Oyu Tolgoi production 550K-600K gold oz
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17:37 EDTTRQTurquoise Hill reports Q3 production 36,6000 tonnes of copper
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