Mongolia downgrade bolsters Rio in Oyu Tolgoi talks: "Turquoise Hill Resources (NYSE:TRQ TSE:TRQ) rose 5% in afternoon trade on Tuesday, bringing gains for the operator of the Oyu Tolgoi mine since Friday to 12.5%.
There was no fresh news about the $6 billion company to trade on, and Turquoise Hill's gains in Toronto come despite serious declines in the price of the metals being extracted from its massive mine in Mongolia.
Gold is hovering around $1,400 an ounce, down more than 15% since the start of the year, while copper on Tuesday hit fresh 18-month lows of $3.09 a pound."
'via Blog this'
