11:47 AM EST - Turquoise Hill Resources Ltd. : And Rio Tinto today announced that they have entered into a binding Heads of Agreement (HoA) to provide an updated funding plan for the completion of the Oyu Tolgoi LLC (OT) underground project in Mongolia. The Funding Plan is designed to address the estimated remaining funding requirement of approximately $2.3 billion U.S. and replaces the non-binding Memorandum of Understanding that Rio Tinto and Turquoise Hill previously entered into on September 9, 2020. Turquoise Hill Resources Ltd.
shares T.TRQ are trading up $1.48 at $24.05.
