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Rio Tinto concludes financing agreement with TRQ

Advertisement Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately AUS$2.3 billion, building on and replacing the arrangements established in the Memorandum of Understanding (MOU) that Rio Tinto and TRQ previously entered into on 9 September 2020. Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

DZ Bank lifts Rio Tinto Group [RIO] price estimate Who else is bullish?

Caleb Clifford August 14, 2020 Rio Tinto Group [NYSE: RIO] plunged by -$0.8 during the normal trading session on Friday and reaching a high of $79.40 during the day while it closed the day at $79.40. The company report on April 9, 2021 that Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi. Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion1, building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Date Time Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1, building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020. Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Investegate |Rio Tinto Announcements | Rio Tinto: Rio Tinto and TRQ agree financing plan for OT

    Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the Funding Plan ) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion[1], building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.   Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Rio Tinto PLC (LSE:RIO) | RNS | Rio Tinto - Rio Tinto and TRQ agree financing plan for OT

Rio Tinto PLC (LSE:RIO) | RNS | Rio Tinto - Rio Tinto and TRQ agree financing plan for OT
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