Oyu Tolgoi Project Finance
On September 9, 2020, Turquoise Hill and Rio Tinto signed a non-binding Memorandum of Understanding (MOU) concerning the funding of Oyu Tolgoi that reflects the parties’ understanding to pursue a re-profiling of existing project debt in line with current cash flow projections, including by deferring scheduled principal repayments and extending tenors (Re-profiling).
News Release:
Turquoise Hill announces an update on funding discussions with Rio Tinto
Turquoise hill - Rio Tinto Oyu Tolgoi memorandum of understanding September 9, 2020
On December 14, 2015, Turquoise Hill announced the signing of a $4.4 billion project finance facility, one of the largest in the mining industry, for underground development at Oyu Tolgoi.
News Release:
Downloads:
Turquoise Hill-Rio Tinto-Oyu Tolgoi LLC Financing Support Agreement