CORRECT: Turquoise Hill Considers Sale of SouthGobi Coal Unit
2014-05-15 05:06:27.455 GMT
By Michael Kohn
May 14 (Bloomberg) -- (Corrects Turquoise Hill’s stake in
SouthGobi in first bullet point, in story published yesterday)
Vancouver-based Turquoise Hill Resources is considering the sale
of its stake in SouthGobi Resources Ltd., Kay Priestly, chief
executive of Turquoise Hill, said during a conference call on
Tuesday.
* Turquoise Hill owns 56% stake of SouthGobi
* SouthGobi’s flagship asset is the Ovoot Tolgoi mine, located
40km north of the Mongolia-China border.
* Oyu Tolgoi remains co’s main focus: Priestly
* SouthGobi CEO Ross Tromans declined to comment on the issue in
a phone interview today.
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Michael Kohn in Ulaanbaatar at +65-6212-1000 or
mkohn5@bloomberg.net
To contact the editors responsible for this story:
Jason Rogers at +65-6231-3673 or
jrogers73@bloomberg.net
2014-05-15 05:06:27.455 GMT
By Michael Kohn
May 14 (Bloomberg) -- (Corrects Turquoise Hill’s stake in
SouthGobi in first bullet point, in story published yesterday)
Vancouver-based Turquoise Hill Resources is considering the sale
of its stake in SouthGobi Resources Ltd., Kay Priestly, chief
executive of Turquoise Hill, said during a conference call on
Tuesday.
* Turquoise Hill owns 56% stake of SouthGobi
* SouthGobi’s flagship asset is the Ovoot Tolgoi mine, located
40km north of the Mongolia-China border.
* Oyu Tolgoi remains co’s main focus: Priestly
* SouthGobi CEO Ross Tromans declined to comment on the issue in
a phone interview today.
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Michael Kohn in Ulaanbaatar at +65-6212-1000 or
mkohn5@bloomberg.net
To contact the editors responsible for this story:
Jason Rogers at +65-6231-3673 or
jrogers73@bloomberg.net