Currently viewing Global edition

Turquoise Hill rights issue 'mind boggling', says minority shareholder

Rio Tinto’s plan to run a rights issue through its subsidiary Turquoise Hill Resources (TRQ) is “mind boggling”, according to one of TRQ’s largest minority shareholders.

Turquoise Hill rights issue 'mind boggling', says minority shareholder Turquoise Hill rights issue 'mind boggling', says minority shareholder Turquoise Hill rights issue 'mind boggling', says minority shareholder Turquoise Hill rights issue 'mind boggling', says minority shareholder Turquoise Hill rights issue 'mind boggling', says minority shareholder

Rio Tinto's Oyu Tolgoi asset is a combined openpit and underground copper mining project approximately 235 kilometres east of Mongolia's Ömnögovi Province capital Dalanzadgad

Shares in TRQ slumped by 22% on Thursday morning after Rio said a TRQ rights issue would be needed to close the funding gap for its expansion of the Oyu Tolgoi copper mine in Mongolia.

topics

loader