Canadian miner Turquoise Hill said 86.6% of its shareholders have voted in favor of Rio Tinto’s $3.3 billion takeover bid, reported Reuters. Read full article.
Read MoreRio Tinto buyout of Turquoise Hill moves forward
Tag: Mongolia
Zijin to invest in Xanadu’s Kharmagtai project
Xanadu Mines and Zijin Mining Group have entered a strategic partnership to progress the former’s flagship Kharmagtai copper-gold project in Mongolia through its next phase of evaluation and development. See full article here.
Read MoreSteppe Gold announces first gold pour at newly resumed ATO
While a supply chain hiccup involving its reagents idled its progress, Steppe Gold confirmed 6 April that, in the month since it officially was able to return to production, it has completed the first gold pour at its ATO operation in Mongolia and is continuing its ramp-up effort. Read full article from The Asia Miner.
Read MoreReview into Oyu Tolgoi costs ‘raises questions’ of Rio Tinto
Oyu Tolgoi partial owner Turquoise Hill Resources has commented on a third-party consulting report reviewing the ballooning costs and timeline for the Mongolian project, confirming it will be seeking clarifications from the authors. Read full article in The Asia Miner.
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