BUZZ-Turquoise Hill Resources Ltd: Mongolian mine tax dispute resolved

Mon Sep 15, 2014 10:33am EDT
 
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** Canadian miner's shares up 1.6 pct at a six-month high of C$4.45

** Stock is trading up for the sixth straight session since closing at C$3.57 on Sept. 5

** Mongolian government and Turquoise Hill, a unit of Rio Tinto, resolve tax dispute threatening to delay the Oyu Tolgoi copper mine

** Outstanding tax bill lowered to $30 million from $130 million on the mine, which is 66 pct owned by Torquoise Hill

** Up to Friday's close, Turquoise Hill shares had risen more than 24 pct this year