Turquoise Hill Resources

ENTRÉE RESOURCES ANNOUNCES THIRD QUARTER 2023 RESULTS

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Friday, November 3, 2023
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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.

JV Article: Precious metals producer Steppe Gold is set for growth as Mongolia is back on investors' radars

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Monday, August 7, 2023
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STEPPE GOLD

Key Points: 
  • STEPPE GOLD
    Bataa Tumur-Ochir, co-founder and CEO and chairman of Steppe Gold.
  • STEPPE GOLD
    Steppe Gold is the only TSX-listed precious metals producer in Mongolia after Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) acquired Turquoise Hill Resources for US$3.3 billion to simplify its ownership in the world-class Oyu Tolgoi mine.
  • In June, Steppe Gold closed the acquisition of Canadian miner Anacortes Mining Corp. and its Tres Cruces gold project in Peru.
  • While Steppe Gold isn't planning any further expansion into South America in the near future, it does plan to invest in Mongolia.

ENTRÉE RESOURCES ANNOUNCES SECOND QUARTER 2023 RESULTS

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Tuesday, August 8, 2023
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VANCOUVER, BC, Aug. 8, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the second quarter ended June 30, 2023.

Key Points: 
  • VANCOUVER, BC, Aug. 8, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the second quarter ended June 30, 2023.
  • Construction of conveyor to surface works was ~60% complete at the end of the second quarter.
  • Technical studies for Panels 1 and 2 mine design and schedule optimization were completed by OTLLC during the second quarter.
  • The Company's interim financial statements and Management's Discussion and Analysis ("MD&A") for the second quarter ended June 30, 2023 are available on the Company's website at www.EntreeResourcesLtd.com , on SEDAR at www.sedar.com , and on EDGAR at www.sec.gov .

Improved operational performance with 5% volume uplift supports underlying EBITDA of $11.7 billion and interim dividend of 177 US cents per share

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Wednesday, July 26, 2023
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And the Simandou iron ore project in Guinea is advancing at pace, with final approvals expected later this year.

Key Points: 
  • And the Simandou iron ore project in Guinea is advancing at pace, with final approvals expected later this year.
  • 1 This financial performance indicator is a non-IFRS (as defined below) measure, which is reconciled to directly comparable IFRS financial measures (non-IFRS measures).
  • It is used internally by management to assess the performance of the business and is therefore considered relevant to readers of this document.
  • It is presented here to give more clarity around the underlying business performance of the Group’s operations.

The Unknown Metal That Global Tech Giants Are Fighting Over

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Friday, July 7, 2023
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LONDON, July 7, 2023 /PRNewswire/ -- In recent years, critical minerals have become intimately linked with the national security of Western nations.  Access to critical minerals is essential to any country hoping to gain or maintain technological superiority over its rivals - a fact that China was distinctly aware of when it moved to buy up the industry over a decade ago. But now a fightback is underway.  Companies mentioned in this release include:  Freeport-McMoRan Inc. (NYSE: FCX), Turquoise Hill Resources (NYSE: TRQ), FMC Corporation (NYSE: FMC), Rio Tinto (NYSE: RIO), Livent Corporation (NYSE: LTHM).

Key Points: 
  • And as these countries move to combat China, the non-Chinese companies sitting on the strategically vital resources are becoming increasingly important.
  • And despite its importance, all the known cesium deposits around the world have either been depleted, or the mines have been rendered inoperable.
  • It isn't just the geopolitical context and resource quality that makes PowerMetals Corp ( PWM , PWRMF ) such an intriguing prospect.
  • Its agricultural products significantly contribute to improving crop yield and quality, making it a key player in addressing global food security issues.

The Unknown Metal That Global Tech Giants Are Fighting Over

Retrieved on: 
Friday, July 7, 2023
Turquoise Hill Resources, Caesium, Human, Livent, Google PowerMeter, Aluminium, Sinclair, Crop protection, Park Avenue, Winsome, Uranium, RIO, ASX, Molybdenum, Carbon, Treaty of friendship and alliance between the Government of Mongolia and Tibet, Oyu Tolgoi mine, Tanco, TRQ, Government, PWM, Coal, Freeport-McMoRan, Running, Gold, Bikita District, Iron, Mining, Rio Tinto (corporation), FMC Corporation, FMC, Growth, Copper, Tantalum, Grasberg, NYSE, Rio Tinto, Metal, Lithium, FCX, Rare-earth element, Uranium mining, Case Lake, Power metal

LONDON, July 7, 2023 /PRNewswire/ -- In recent years, critical minerals have become intimately linked with the national security of Western nations.  Access to critical minerals is essential to any country hoping to gain or maintain technological superiority over its rivals - a fact that China was distinctly aware of when it moved to buy up the industry over a decade ago. But now a fightback is underway.  Companies mentioned in this release include:  Freeport-McMoRan Inc. (NYSE: FCX), Turquoise Hill Resources (NYSE: TRQ), FMC Corporation (NYSE: FMC), Rio Tinto (NYSE: RIO), Livent Corporation (NYSE: LTHM).

Key Points: 
  • And as these countries move to combat China, the non-Chinese companies sitting on the strategically vital resources are becoming increasingly important.
  • And despite its importance, all the known cesium deposits around the world have either been depleted, or the mines have been rendered inoperable.
  • It isn't just the geopolitical context and resource quality that makes PowerMetals Corp ( PWM , PWRMF ) such an intriguing prospect.
  • Its agricultural products significantly contribute to improving crop yield and quality, making it a key player in addressing global food security issues.

Innisfree M&A Incorporated Continues to Expand Industry-Leading Proxy Solicitation Team

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Monday, May 1, 2023
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Innisfree M&A Incorporated, the leading proxy solicitation/investor relations firm, today announced that Jonathan L. Kovacs has joined the firm as a Director.

Key Points: 
  • Innisfree M&A Incorporated, the leading proxy solicitation/investor relations firm, today announced that Jonathan L. Kovacs has joined the firm as a Director.
  • While there, he advised clients across industries, including banking, media, entertainment, energy, technology and private equity.
  • Arthur B. Crozier, Chairman of Innisfree, said, “We are very excited to welcome Jonathan to the Innisfree team and expect to put his significant M&A and transactional experience to great use.
  • His hiring is yet another step forward for us as we continue to lead the proxy solicitation industry in both M&A and shareholder activism situations.

Rio Tinto delivers underlying EBITDA of $26.3 billion and total dividends of 492 US cents per share

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Wednesday, February 22, 2023
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Free cash flow1 of $9.0 billion included capital expenditure of $6.8 billion, which decreased 9% as we commissioned our current programme of Pilbara replacement projects, notably Gudai-Darri.

Key Points: 
  • Free cash flow1 of $9.0 billion included capital expenditure of $6.8 billion, which decreased 9% as we commissioned our current programme of Pilbara replacement projects, notably Gudai-Darri.
  • $26.3 billion underlying EBITDA1 was 30% below 2021, with an underlying EBITDA margin1 of 45%.
  • $13.3 billion underlying earnings1 (underlying EPS1 of 819.6 US cents) were 38% below 2021.
  • $8.0 billion full-year dividend, equivalent to 492 US cents per share.

Turquoise Hill Announces Completion of the Arrangement with Rio Tinto

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Friday, December 16, 2022
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Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) today announced the completion of the transactions contemplated by the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon) (the Arrangement) involving the Company and Rio Tinto International Holdings Limited (Rio Tinto).

Key Points: 
  • Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) today announced the completion of the transactions contemplated by the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon) (the Arrangement) involving the Company and Rio Tinto International Holdings Limited (Rio Tinto).
  • Pursuant to the Arrangement, Rio Tinto acquired the approximately 49% of the issued and outstanding common shares of Turquoise Hill that Rio Tinto and its affiliates did not already own (the Minority Shares) for C$43.00 per share in cash.
  • Turquoise Hill is an international mining company focused on the operation and continued development of the Oyu Tolgoi copper-gold mine in Mongolia, which is the Companys principal and only material mineral resource property.
  • The forward-looking statements and information contained herein are expressly qualified by this cautionary statement.

Turquoise Hill Announces Receipt of Final Order for Arrangement with Rio Tinto

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Wednesday, December 14, 2022
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Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) today announced that the Supreme Court of Yukon (the Court) has granted the final order (the Final Order) in connection with the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon), pursuant to which Rio Tinto International Holdings Limited (Rio Tinto) will acquire the approximately 49% of the issued and outstanding common shares of Turquoise Hill that Rio Tinto and its affiliates do not currently own (the Minority Shares) for C$43.00 per share in cash (the Arrangement).

Key Points: 
  • Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) today announced that the Supreme Court of Yukon (the Court) has granted the final order (the Final Order) in connection with the previously announced statutory plan of arrangement under section 195 of the Business Corporations Act (Yukon), pursuant to which Rio Tinto International Holdings Limited (Rio Tinto) will acquire the approximately 49% of the issued and outstanding common shares of Turquoise Hill that Rio Tinto and its affiliates do not currently own (the Minority Shares) for C$43.00 per share in cash (the Arrangement).
  • The Arrangement is expected to be completed on or about December 16, 2022, subject to the delivery by the parties of customary closing deliverables.
  • Following completion of the Arrangement, Turquoise Hill intends to apply to have its common shares delisted from the Toronto Stock Exchange and the New York Stock Exchange and to cease to be a reporting issuer under Canadian securities laws.
  • These include, but are not limited to, statements regarding the Arrangement, including the anticipated date of closing of the Arrangement.