TRQ - Turquoise Hill considers gold streaming debt funding for Oyu Tolgoi mine

Turquoise Hill Resources (TRQ) says it is reviewing funding options for its Oyu Tolgoi copper and gold project in Mongolia, including a gold streaming deal, a gold pre-sale transaction and a medium-term debt offering.A streaming deal would involve "a significant up-front payment" to Oyu Tolgoi, as well as deferred payments based on spot gold prices, the company says.Turquoise Hill also is considering an offering of global medium-term debt by Oyu Tolgoi with a tenor of at least 10 years, which would require a bullet repayment of the principal at maturity.The company says it continues to work with Rio Tinto (RIO) and the Mongolian government to implement their previously announced MoU, including sourcing an additional $500M in supplemental senior debt.Oyu Tolgoi is jointly owned by the Mongolian government with 34% and Turquoise Hill with 66%, of which Rio Tinto owns a 50.8% controlling interest.Rio is at odds with Turquoise Hill on

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Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi mine