Turquoise Hill eyes major raising

RIO Tinto subsidiary Turquoise Hill Resources needs to raise about $US2.4 billion ($A2.6 billion) after confirming it will not be able to secure about $4 billion of project financing for the massive Oyu Tolgoi copper-gold mine in Mongolia before the end of the year.

Turquoise Hill eyes major raising Turquoise Hill eyes major raising Turquoise Hill eyes major raising Turquoise Hill eyes major raising Turquoise Hill eyes major raising

The Toronto-listed company said while talks with the Mongolian government were progressing, it did not expect to be in a position to obtain and draw down project financing by the end of the year.

loader