Turquoise Hill Delays Shareholder Meet On $3 3 Bln Rio Tinto Buyout

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As previously disclosed, Turquoise Hill now expects Shafts three and 4 to be commissioned in the 1st half 2024, and progress continues to be closely monitored. Shafts 3 and 4 are necessary to give ventilation to support production from Panels 1 and 2 throughout ramp up to 95,000 tonnes per day. Turquoise Hill at present expects the initially Panel 1 draw bell in the initial half 2027. The Hugo North Extension deposit on the Entrée/Oyu Tolgoi JV Home is located in the northern portion of Panel 1.

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This immediate news alert was generated by narrative science technology and monetary information from MarketBeat in order to offer readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Turquoise Hill mentioned Rio, which raised its offer to C$43-per-share, had postponed the meeting at the request of the economic regulator of Quebec and was in talks with the Canadian company’s specific committee of independent directors and the regulator about the deal. Turquoise Hill Resources Ltd leads the Copper industry with an all round score of 71. TRQ is up 175.04% so far this year after the corporation closed yesterday at $30.97.

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