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Turquoise Hill juggles debt re-work, Rio bid

Rio Tinto bid target Toronto-listed Turquoise Hill Resources has advanced talks with the mining giant and its lenders on rescheduling debts tied to the development of the prized Oyu Tolgoi copper-gold mine in Mongolia.

Turquoise Hill juggles debt re-work, Rio bid Turquoise Hill juggles debt re-work, Rio bid Turquoise Hill juggles debt re-work, Rio bid Turquoise Hill juggles debt re-work, Rio bid Turquoise Hill juggles debt re-work, Rio bid

Turquoise Hill seeks bridge to new finance

Turquoise Hill is in talks with Rio Tinto and lenders to reduce its base case funding requirement of around US$3.6 billion by up to $1.