BUZZ-Turquoise Hill Resources: Mongolia, Rio Tinto near Oyu Tolgoi deal

Mon Apr 6, 2015 3:47pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian miner's U.S-listed shares up 8.6 pct at $3.52 in heavy trading, among top pct gainers on the NYSE

** Shares track increases on Toronto-listed shares

** Mongolian PM says talks between government and investors progressing towards the close of deals on the $6.5 bln Oyu Tolgoi copper mine

** Cost and tax disputes have delayed construction of the second underground phase at mine since August 2013

** Turquoise Hill, majority owned by Rio Tinto , owns 66 pct of the mine; Mongolia owns the rest

** Up to Thursday's close, Turquoise Hill's U.S.-listed stock had risen 4.5 pct this year