Turquoise Hill gets debt funding from Rio Tinto while it considers buy-out bid

Rio Tinto is to provide Turquoise Hill Resources Ltd with interim debt funding of up to $400 million while the Montreal, Canada-based company evaluates the London-listed miner’s bid for the company.

Both companies confirmed the agreement, with Rio Tinto adding that it will enable Turquoise Hill to fund the ongoing development of the Oyu Tolgoi copper-gold underground project in Mongolia.

On...

Published

Andrea Hotter

May 20, 2022

12:02 GMT

New York