Oyu Tolgoi mine

Production growth of 3% from focused investment in the health of our business; underlying EBITDA of $23.9 billion and full year ordinary dividend of 435 US cents per share

Retrieved on: 
Wednesday, February 21, 2024

We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.

Key Points: 
  • We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.
  • This tragedy strengthens our resolve to never be complacent about safety, so that we continue to learn and improve.
  • Our balance sheet strength enables us to continue to invest with discipline while also paying an ordinary dividend of $7.1 billion, a 60% payout.
  • As part of our focus on Best Operator, we continue to roll out the Safe Production System across our business.

ENTRÉE RESOURCES ANNOUNCES FISCAL YEAR 2023 RESULTS and REVIEWS CORPORATE HIGHLIGHTS

Retrieved on: 
Friday, March 8, 2024

VANCOUVER, BC, March 8, 2024 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its annual operational and financial results for the year ended December 31, 2023.

Key Points: 
  • VANCOUVER, BC, March 8, 2024 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its annual operational and financial results for the year ended December 31, 2023.
  • As at December 31, 2023, 86 Lift 1 Panel 0 draw bells had been opened, including 67 draw bells during 2023.
  • Construction of Primary Crusher 2 commenced in December 2023 and is expected to be completed by the end of 2025.
  • Technical studies for Panels 1 and 2 mine design and schedule optimization were completed by OTLLC during the second quarter 2023.

ENTRÉE RESOURCES ANNOUNCES PARTIAL DRILL RESULTS FOR HUGO NORTH EXTENSION AND PROVIDES UPDATE ON UNDERGROUND DEVELOPMENT WORK

Retrieved on: 
Wednesday, February 28, 2024

All of the analytical results shown above are only for the portions of the drill holes on the Entrée/Oyu Tolgoi JV Property.

Key Points: 
  • All of the analytical results shown above are only for the portions of the drill holes on the Entrée/Oyu Tolgoi JV Property.
  • Several of the holes were drilled as "daughter holes" (wedges) from a "parent hole" at varying distances along the hole.
  • Additional underground holes were drilled deeper, targeting the current mineralized footprint of Lift 2, and for geotechnical purposes.
  • The four surface holes were all collared near the north end of HNE and drilled steeply towards the northwest, targeting Lift 2.

Global Copper Mining Market Size Projected to Reach $11.17 Billion By 2030 as Investments in Infrastructure Jump

Retrieved on: 
Thursday, January 11, 2024

A report from Fortune Business Insights said that the global copper mining market size, which was valued at USD 8.44 billion in 2022 is projected to grow from USD 8.87 billion in 2023 to USD 11.17 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.

Key Points: 
  • A report from Fortune Business Insights said that the global copper mining market size, which was valued at USD 8.44 billion in 2022 is projected to grow from USD 8.87 billion in 2023 to USD 11.17 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.
  • Copper is essential for constructing infrastructure projects such as buildings, bridges, and electrical systems.
  • Hence, government initiatives and policies promoting infrastructure development can significantly boost the market.
  • The mining industry, mainly of copper, will likely increase significantly due to increased investment in construction and construction projects.

Rio Tinto invests with discipline to strengthen the performance of assets and grow

Retrieved on: 
Tuesday, December 5, 2023

Rio Tinto Chief Executive Jakob Stausholm said: “We strongly believe we are well positioned in an opportunity rich world.

Key Points: 
  • Rio Tinto Chief Executive Jakob Stausholm said: “We strongly believe we are well positioned in an opportunity rich world.
  • There has never been greater demand for what we do, from mining to processing, and the work we are doing today is creating a stronger Rio Tinto for years to come.
  • Our people are at the heart of lifting our performance, and we are continuing to invest time and energy in building a stronger culture with a learning mindset.
  • “Our purpose and long-term strategy make more sense than ever, as we ensure Rio Tinto remains a strong investment proposition.

Mongolian US$350 million bond issue enhances country's reputation among investors

Retrieved on: 
Friday, December 1, 2023

The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.

Key Points: 
  • The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.
  • The new bonds met with extremely strong investor demand with the order book reaching US$4.2billion at the peak and 293 investors participating.
  • The 12-times oversubscription of the orderbook allowed for a pricing flat to secondary market yields of Mongolia without any new issue premium.
  • 22% of participating investors are domiciled in the United States, 32% in Europe and Middle East, and 46% in Asia.

Mongolian US$350 million bond issue enhances country's reputation among investors

Retrieved on: 
Friday, December 1, 2023

The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.

Key Points: 
  • The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.
  • The new bonds met with extremely strong investor demand with the order book reaching US$4.2billion at the peak and 293 investors participating.
  • The 12-times oversubscription of the orderbook allowed for a pricing flat to secondary market yields of Mongolia without any new issue premium.
  • 22% of participating investors are domiciled in the United States, 32% in Europe and Middle East, and 46% in Asia.

ENTRÉE RESOURCES ANNOUNCES THIRD QUARTER 2023 RESULTS

Retrieved on: 
Friday, November 3, 2023

VANCOUVER, BC, Nov. 3, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the third quarter ended September 30, 2023.

Key Points: 
  • VANCOUVER, BC, Nov. 3, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the third quarter ended September 30, 2023.
  • As at September 30, 2023, construction of conveyor to surface works was approaching 75% completion.
  • Shaft sinking continued during the third quarter 2023.
  • Full results from the 2023 in-fill program for Hugo North Extension are pending.

Rio Tinto releases third quarter production results

Retrieved on: 
Monday, October 16, 2023

The refinery and smelter were safely restarted during the period, with production expected to ramp up during the fourth quarter.

Key Points: 
  • The refinery and smelter were safely restarted during the period, with production expected to ramp up during the fourth quarter.
  • Titanium dioxide slag production of 247 thousand tonnes was 20% lower than the third quarter of 2022.
  • Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023.
  • All currency figures in this report are US dollars, and comments refer to Rio Tinto’s share of production, unless otherwise stated.

ENTRÉE RESOURCES FILES FORM 15 TO SUSPEND SEC REPORTING OBLIGATIONS

Retrieved on: 
Tuesday, September 5, 2023

The Form 15 filing immediately suspends the Company's reporting obligations under the Exchange Act, and the deregistration will become effective in 90 days.

Key Points: 
  • The Form 15 filing immediately suspends the Company's reporting obligations under the Exchange Act, and the deregistration will become effective in 90 days.
  • The voluntary deregistration and suspension will result in significant cost savings and permit management to focus its efforts on Entrée/Oyu Tolgoi joint venture matters.
  • Entrée will continue to make filings with applicable Canadian securities regulators and the OTCQB to comply with its continuous disclosure obligations.
  • Filings will be available under the Company's profile on SEDAR+ at www.sedarplus.ca , and on OTC Markets at www.otcmarkets.com .