Turquoise Hill to ink $4bn financing for Mongolian flagship: "TORONTO (miningweekly.com) – Canadian miner Turquoise Hill and its majority owner Rio Tinto expect to sign a $4-billion project-financing plan and term sheet at the end of June, which will allow for the necessary future financial flexibility to develop the second phase of the giant Oyu Tolgoi mine, in Mongolia.
Turquoise Hill late on Monday said it was actively engaged with lenders to finalise the financing deal. By February, it had secured debt approval from the European Bank of Reconstruction and Development and the World Bank Group's International Finance Corporation."
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