Turquoise Hill Resources – (TRQ:TSX) – A big deal for the mining industry, Turquoise Hill and its majority shareholder Rio Tinto this morning.  Turquoise Hill and Rio Tinto have signed a US$4.4-billion project finance facility for the Oyu Tolgoi underground mine expansion in Mongolia. The project finance facility will be backed by over 20 different lenders around… Continue Reading

Bloomberg has an excellent video interview this morning with Rio Tinto CEO Sam Walsh. The commodities giant released annual results this morning with net earnings of $6.5 billion. Rio managed to beat estimates with higher output and lower cost even with the collapse in the iron ore price . Mr. Walsh mentioned in the interview he sees… Continue Reading