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Turquoise Hill Resources Ltd. (TRQ)

  • Mar. 6, 2014, 6:37 PM
  • Jul. 3, 2012, 9:06 AM
    Ivanhoe Mines (IVN) and Chalco (ACH) agree to extend the deadline for their takeover bid for SouthGobi Resources (SGQRF.PK) to Aug. 3. ACH seeks to make a proportional takeover bid for up to 60% but not less than 56% of SouthGobi common shares at C$8.48/share. IVN +0.5%, ACH -1.5% premarket.
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  • Jun. 11, 2012, 8:06 AM
    Singapore's state-owned investment firm, Temasek, continues its diversification into resources firms, buying 5.5% in Canada's Ivanhoe Mines (IVN). Given the Canadian firm's $7.75B market cap, the deal would be worth $426M.
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  • Apr. 23, 2012, 1:36 PM
    Invesco (IVN) is attempting to unload its Atlantic Trust Private Wealth Management business ($18B in assets), according to sources, reports Reuters.
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  • Apr. 2, 2012, 3:25 AM
    Chalco (ACH) bids for a controlling stake in Mongolia-focused miner SouthGobi Resources (SGQRF.PK), offering C$8.48/share vs. SouthGobi's previous Toronto close of C$6.44. The U.S. dollar value of the deal would be nearly $930M. Ivanhoe Mines (IVN), which owns ~58% of SouthGobi, looks favorably on the offer.
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  • Jan. 26, 2012, 6:11 PM
    Ivanhoe Mines (IVN) gains 3.8% AH after Rio Tinto (RIO) confirms through a 13D filing it has a 51% stake in Ivanhoe. Rio Tinto adds it's engaged in "a review of the composition of the Company’s board of directors and management," and plans to replace certain board and management figures. (previously)
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  • Jan. 24, 2012, 12:03 PM
    Rio Tinto (RIO -1.4%) announces it now has a majority stake in Ivanhoe Mines (IVN -2.4%), having purchased enough shares to bring its interest to 51%. (PR) (previously)
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  • Dec. 13, 2011, 11:39 AM
    Execs with Ivanhoe Mining (IVN -15.5%) say the firm is evaluating legal options following its courtroom battle loss to keep a poison pill in place in its bid to stave off Rio Tinto (RIO +0.8%) from acquiring the company. Rio's maximum permitted interest in Ivanhoe is capped at 49% until Jan. 18, 2012.
  • Dec. 13, 2011, 7:37 AM
    The path is open for Rio Tinto (RIO) to take over Canada's Ivanhoe Mines (IVN), in which it already owns 49%, after an arbitrator ruled that Ivanhoe's "poison pill" takeover defense doesn't apply to Rio. Controlling Ivanhoe, which is worth $15.3B, will give Rio a majority stake in the massive Oyu Tolgoi copper and gold project in Mongolia.
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  • Oct. 25, 2011, 10:58 AM
    Options traders are betting that Ivanhoe Mines (IVN -0.2%) will be ripe for a takeover by March, once the company resolves arbitration with Rio Tinto (RIO -3.6%). “Ivanhoe would be attractive to a large buyer like Rio Tinto,” an Oscar Gruss analyst says. “The idea may be to buy assets close to China so you can supply the market without having large shipping expenses."
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Company Description
Turquoise Hill Resources Ltd is a mining company engaged in the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia, which is the Company's principal and only material mineral resource property.