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TRQ - Turquoise Hill Rio Tinto sign MoU that could cut Oyu Tolgoi funding by $1.4B
Turquoise Hill Resources Ltd.
Turquoise Hill Resources (NYSE:TRQ)-24.8% pre-market after the company and its controlling shareholder, Rio Tinto (NYSE:RIO), signed a memorandum of understanding to pursue a re-profiling of existing project debt that could cut projected funding requirements of the Oyu Tolgoi project by as much as $1.4B.
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