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Stock Market & Financial Investment News

News Breaks
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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May 26, 2015
06:10 EDTTRQTurquoise Hill upgraded to Neutral from Underperform at BofA/Merrill
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May 21, 2015
09:58 EDTTRQOn The Fly: Analyst Upgrade Summary
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06:44 EDTTRQTurquoise Hill upgraded to Neutral from Underperform at BofA/Merrill
May 19, 2015
06:11 EDTTRQTurquoise Hill to host conference call
Conference call to discuss the recently announced Oyu Tolgoi underground mine development and financing plan will be held on May 19 at 10 am. Webcast Link

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