Turquoise Hill announces critical power agreement for Oyu Tolgoi; stock up 9%
VANCOUVER – Stock in Turquoise Hill Resources (TSX:TRQ) is up more than nine per cent after the company announces the signing of an important power purchase agreement for its Oyu Tolgoi copper-gold mine in Mongolia. The binding power purchase agreement with the Inner Mongolia Power Corp. will enable Oyu Tolgoi to complete commissioning, leading to the first production of copper-gold concentrate at what is expected to become a world-class operational mine.
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