Turquoise hill comments on review of oyu tolgoi mine increase in cost and schedule extension

Montreal, aug. 9, 2021 /prnewswire/ - turquoise hill resources (the "company") today commented on recent media reports in relation to a consulting report addressing the previously announced increase in cost and schedule extension. as announced on december 1, 2020, the board of directors of oyu tolgoi llc ("ot board") established a special board committee (the "ot special committee") comprised of two representatives of erdenes oyu tolgoi (a state-owned entity that owns a 34% interest in oyu tolgoi llc) and two representatives of the company to investigate the causes of the increase in cost and schedule extension to the underground development of the oyu tolgoi project during the period between the 2016 feasibility study and the december 2020 definitive estimate.
TRQ Ratings Summary
TRQ Quant Ranking