Seeking Alpha

Turquoise Hill to get less for mine stake

Rio Tinto unit Turquoise Hill Resources (TRQ +11.9%) lowers the price of a 50% stake it is selling in Altynalmas Gold Ltd to $235M from $300M due to lower gold prices.

The buyer is Sumeru Gold BV.

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Comments (1)
  • Art2004
    , contributor
    Comments (37) | Send Message
    Yes, but they are asking for cash up front to pay off the bridge loan from Rio Tinto before August 12. That would be a high positive.
    2 Aug 2013, 07:08 PM Reply Like
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