CAPITAL MARKETS

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.

Kristie Batten
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. Rio,...

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