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TURQUOISE HILL CEO QUITS UNDER PRESSURE FROM RIO TINTO OVER OYU TOLGOI FUNDING DISPUTE

By MBM Correspondent

Turquoise Hill names ‘independent’ to pursue Oyu Tolgoi expansion funding negotiations with parent company Rio Tinto after chief executive Ulf Quellmann succumbs to pressure and resigns.

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Turquoise Hill Resources Ltd

Exchange Code: 
NYSE:TRQ, NASDQ:TRQ, TSX:TRQ
Website: 
http://www.turquoisehill.com

Vancouver-based company focused on copper, gold, silver, coal, molybdenum and rhenium. 51% subsidiary of Rio Tinto, previously  Ivanhoe Mines Ltd

Rio Tinto Group

Exchange Code: 
LSE:RIO, NYSE:RIO, ASX:RIO
Website: 
http://www.riotinto.com

International aluminium, copper, diamonds and minerals, energy and iron ore miner headquartered in London, UK. Rio Tinto plc dual listed with Rio Tinto Ltd

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