Oyu Tolgoi mine

Turquoise Hill Announces Postponement of Special Meeting

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星期三, 十一月 9, 2022
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The Special Committee has been engaged with Rio Tinto in order to address the differential treatment of minority shareholders resulting from the Agreements.

Key Points: 
  • The Special Committee has been engaged with Rio Tinto in order to address the differential treatment of minority shareholders resulting from the Agreements.
  • In the event that terms are reached that satisfy the Special Committees concerns, the Company will provide shareholders with supplemental disclosure regarding such revised terms.
  • In order to provide shareholders with sufficient time to consider such supplemental disclosure, the Company has determined to adjourn the special meeting of Turquoise Hill shareholders (the Special Meeting), currently scheduled for November 15, 2022 at 10:30 a.m. (Eastern time), to a date to be determined.
  • These include, but are not limited to, statements regarding the Arrangement, including the provision of supplemental disclosure to shareholders and the adjournment of the Special Meeting.

ENTRÉE RESOURCES ANNOUNCES THIRD QUARTER 2022 RESULTS

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星期三, 十一月 9, 2022
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VANCOUVER, BC, Nov. 9, 2022 /PRNewswire/ - Entre Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) (the "Company"or "Entre")has today filed its interim financial results for the third quarter ended September 30, 2022.

Key Points: 
  • VANCOUVER, BC, Nov. 9, 2022 /PRNewswire/ - Entre Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) (the "Company"or "Entre")has today filed its interim financial results for the third quarter ended September 30, 2022.
  • COVID-19 cases identified at Oyu Tolgoi continued at low levels in the third quarter 2022 and the testing regime has been eased.
  • Undercut blasting and on-footprint construction work continued to progress during the third quarter 2022.
  • Sustainable production from Panel 0 on the Oyu Tolgoi mining licence is now anticipated in the first quarter 2023.

Turquoise Hill Postpones Special Meeting of Shareholders to November 15, 2022

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星期一, 十一月 7, 2022
Communications, Natural Resources, Other Communications, Mining, Minerals, Proxy, AMF, Company, Date, Special, TRQ, Arrangement, Private Securities Litigation Reform Act, NYSE, Legislation, Schedule, Nature, TSX, U.S. Securities and Exchange Commission, Ownership, Analysis, Forward-looking statement, Environment, Security (finance), Circular, Oyu Tolgoi mine, Rio Tinto, Iron ore, Audit, Risk management, Turquoise Hill Resources, Court

The Special Meeting was originally scheduled for November 1, 2022 and was subsequently postponed to November 8, 2022.

Key Points: 
  • The Special Meeting was originally scheduled for November 1, 2022 and was subsequently postponed to November 8, 2022.
  • The record date for determining the shareholders eligible to vote at the Special Meeting will remain the close of business on September 19, 2022 (the Record Date).
  • In addition, the deadline for registered shareholders to file notices of dissent has been extended to 4:00 p.m. (Eastern time) on November 11, 2022.
  • These include, but are not limited to, statements regarding the Arrangement, including the anticipated timing of the Special Meeting.

Turquoise Hill Acknowledges Announcement by Rio Tinto of Agreements with Certain Minority Shareholders of Turquoise Hill

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星期三, 十一月 2, 2022
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Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) acknowledges the announcement today by Rio Tinto International Holdings Limited (Rio Tinto) of agreements (the Agreements) entered into between Rio Tinto, Rio Tinto plc and certain shareholders of the Company related to Pentwater Capital Management LP and SailingStone Capital Partners LLC (collectively, the Named Shareholders) holding in aggregate 32,617,578 common shares of the Company.

Key Points: 
  • Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) acknowledges the announcement today by Rio Tinto International Holdings Limited (Rio Tinto) of agreements (the Agreements) entered into between Rio Tinto, Rio Tinto plc and certain shareholders of the Company related to Pentwater Capital Management LP and SailingStone Capital Partners LLC (collectively, the Named Shareholders) holding in aggregate 32,617,578 common shares of the Company.
  • The Special Committee suggested to Rio Tinto that it offer comparable dissent proceedings as those offered to the Named Shareholders in the Agreements to all holders of Minority Shares (the Minority Shareholders).
  • Rio Tinto advised that it was not making the terms of the Agreements available to all Minority Shareholders.
  • The Special Committee recognizes that as a result of Rio Tintos entry into the Agreements Minority Shareholders may require additional time to consider this new information.

Turquoise Hill Announces Postponement of the Special Meeting regarding Proposed Arrangement with Rio Tinto to November 8, 2022

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星期二, 十一月 1, 2022
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The terms of the Arrangement and the arrangement agreement between the Company, Rio Tinto and Rio Tinto plc dated September 5, 2022 are further described in the Circular and associated form of proxy and letter of transmittal (collectively, the Meeting Materials).

Key Points: 
  • The terms of the Arrangement and the arrangement agreement between the Company, Rio Tinto and Rio Tinto plc dated September 5, 2022 are further described in the Circular and associated form of proxy and letter of transmittal (collectively, the Meeting Materials).
  • The Meeting Materials are filed and available under Turquoise Hills profiles on SEDAR at www.sedar.com and on EDGAR at www.sec.gov .
  • At the Special Meeting, Turquoise Hill shareholders will be asked to consider, and if deemed advisable, to pass the Arrangement Resolution.
  • These include, but are not limited to, statements regarding the Arrangement, including the anticipated timing of the Special Meeting.

Turquoise Hill Announces extension of the proxy deadline for the Special Meeting to 6:00 p.m. (Eastern time) October 31, 2022

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星期一, 十月 31, 2022
Communications, Natural Resources, Other Communications, Mining, Minerals, Board, Rio Tinto, Legislation, TSX, Supreme court, Date, Analysis, SEDAR, Ownership, Proxy, Private Securities Litigation Reform Act, Special, Circular, Nature, Net interest margin, Forward-looking statement, Toronto Street Railway, Oyu Tolgoi mine, SEC, Arrangement, Rio Tinto (corporation), NYSE, Internet, Company, TRQ, Supreme Court of Yukon, Letter, Exercise, EDGAR, Environment, Schedule, Mining, Security (finance), Audit, Risk management, Turquoise Hill Resources

The record date for determining the shareholders eligible to vote at the Special Meeting will remain unchanged as the close of business on September 19, 2022 (the Record Date).

Key Points: 
  • The record date for determining the shareholders eligible to vote at the Special Meeting will remain unchanged as the close of business on September 19, 2022 (the Record Date).
  • Any registered shareholders who wish to exercise a right of dissent can also do so up until 6:00 p.m. (Eastern time) on October 31, 2022.
  • The Meeting Materials are filed and available under Turquoise Hills profiles on SEDAR at www.sedar.com and on EDGAR at www.sec.gov .
  • Details of the Special Meeting and how registered shareholders or their duly appointed proxyholders can attend, access and participate in the Special Meeting are set out in the Circular.

Turquoise Hill Board of Directors Remind Minority Shareholders to Vote FOR the Arrangement Resolution to Receive C$43.00 per share in Cash; a 67% Premium

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星期三, 十月 26, 2022
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Shareholders must vote prior to 10:30 a.m. (Montreal Time) on October 28, 2022.

Key Points: 
  • Shareholders must vote prior to 10:30 a.m. (Montreal Time) on October 28, 2022.
  • For more details on how to vote, shareholders are encouraged to visit www.turquoisehillacquisition.com .
  • First, your vote is important regardless of how many shares of Turquoise Hill you own.
  • If you are a Beneficial Shareholder, you will receive payment for your shares through your financial intermediary if the Arrangement is completed.

Turquoise Hill Board of Directors Continues to Unanimously Recommend that Minority Shareholders Vote FOR the Arrangement Resolution to Receive C$43.00 per share in Cash; a 67% Premium

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星期二, 十月 25, 2022
Communications, Natural Resources, Mining, Minerals, Public Relations, Investor Relations, Time, Circular, Risk, SEC, Review, TSX, Rio Tinto, ISS, NYSE, Board of directors, Toronto Street Railway, Glass Lewis, TRQ, Canadian House of Commons Special Committee on Electoral Reform, Egan-Jones Ratings Company, Montreal, TD, The Sundays, Private Securities Litigation Reform Act, NAV, Company, The Meeting, Analysis, Oyu Tolgoi mine, Committee, Legislation, Board, Nature, Face, Letter, Arrangement, Institutional Shareholder Services, Net interest margin, Proxy, Environment, Internet, Forward-looking statement, Ownership, Schedule, Meeting, Iron ore, Management, Holding company, Security (finance), Audit, Risk management, Turquoise Hill Resources

These equity issuances could not only be dilutive to minority shareholders, but they draw attention to another important consideration.

Key Points: 
  • These equity issuances could not only be dilutive to minority shareholders, but they draw attention to another important consideration.
  • ISS ultimately determined that the discount to NAV implicit in the Rio Tinto offer price outweighed the downside risks that shareholders could face in rejecting the Arrangement.
  • The Special Committee, as did ISS, recognize that different shareholders have different risk tolerances and different outlooks on various factors.
  • The Boards recommendation that minority shareholders vote FOR the transaction has been supported by two proxy advisory firms, Egan-Jones Proxy Services and Glass Lewis.

Proxy Advisor Glass Lewis Recommends that Turquoise Hill Shareholders Vote “FOR” the Rio Tinto Go-Private Transaction

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星期三, 十月 19, 2022
Communications, Natural Resources, Other Communications, Mining, Minerals, Circular, SEC, TSX, Rio Tinto, NYSE, Toronto Street Railway, Glass Lewis, TRQ, Canadian House of Commons Special Committee on Electoral Reform, The Sundays, Private Securities Litigation Reform Act, Company, Analysis, The Meeting, Oyu Tolgoi mine, Legislation, Committee, Board, Nature, Letter, Arrangement, Proxy, Environment, Forward-looking statement, Internet, Ownership, Schedule, Meeting, Iron ore, Risk management, Security (finance), Audit, Director, Turquoise Hill Resources

The Glass Lewis report supports the unanimous recommendation of the special committee of independent members of Turquoise Hills Board of Directors (the Special Committee) that Turquoise Hills minority shareholders vote FOR the resolution approving the Arrangement .

Key Points: 
  • The Glass Lewis report supports the unanimous recommendation of the special committee of independent members of Turquoise Hills Board of Directors (the Special Committee) that Turquoise Hills minority shareholders vote FOR the resolution approving the Arrangement .
  • In making its vote FOR recommendation Glass Lewis noted, among other things, that:
    .
  • we recognize the Companys standalone case could also be reasonably viewed as carrying a relatively elevated risk profile.
  • Shareholders are encouraged to vote in advance of the special meeting of Turquoise Hill shareholders to be held on November 1, 2022 in respect of the Arrangement (the Meeting).

Turquoise Hill Announces Third Quarter 2022 Production and Oyu Tolgoi Mine and Funding Update

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星期一, 十月 17, 2022
Mining, Minerals, Natural Resources, Treaty of friendship and alliance between the Government of Mongolia and Tibet, International, National instrument, Sale, IFRS, Transport, Rio Tinto, AIF, Perception, Panel, Private Securities Litigation Reform Act, Company, United Nations Security Council Resolution 92, Silver, Health, Oyu Tolgoi mine, Legislation, International Financial Reporting Standards, Hugo, OT, Nature, Generally Accepted Accounting Principles (United States), Copper, Metal, Gold, Environment, Public expenditure, Forward-looking statement, Government, Parliament, United Nations Security Council Resolution 103, Lifting, Mining, SEDAR, Risk management, COVID-19

The Q2 2022 MD&A is available under the Companys profile on SEDAR at www.sedar.com .

Key Points: 
  • The Q2 2022 MD&A is available under the Companys profile on SEDAR at www.sedar.com .
  • Ms. Dudley is a qualified person as that term is defined in National Instrument 43-101Standards of Disclosure for Mineral Projects.
  • The cost, timing and complexities of mine construction and development are increased by the remote location of a property such as Oyu Tolgoi.
  • Additionally, although Oyu Tolgoi has achieved commercial production, there is no assurance that future development activities will result in profitable mining operations.