USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
Rio Tinto’s unit Turquoise Hill Resources Ltd will present a $2.4 billion rights offer in order to pay down credit facilities.
In the offer, Turquoise Hill Resources investors will be entitled to purchase an additional share at a 42% discount on closing prices in New York and Toronto ($2.40 and C$2.53, respectively) on November 25th.
The company expects to double the number of outstanding common shares with the offer, using the proceeds to repay a $1.8 billion interim credit facility and a $600 million bridging facility.
Turquoise Hill shares rose 1.8 percent to C$4.47 on Tuesday.
