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Why Turquoise Hill Resources Stock Is Tumbling Today

Why Turquoise Hill Resources Stock Is Tumbling Today

Shares of Turquoise Hill Resources (NYSE: TRQ) had tumbled as much as 11.7% by 10:45 a.m. EST on Thursday. Weighing on the mining stock was the resignation of its CEO due to its ongoing dispute with majority owner Rio Tinto Group (NYSE: RIO). Turquoise Hill CEO Ulf Quellmann has resigned, effective yesterday.