Turquoise Hill Resources Ltd. rose to a one-month high after Mongolia’s Prime Minister Altankhuyag Norov said his government fully supports project financing to restart construction on the second phase of the Oyu Tolgoi mine.
Leon Black, who made billions by buying up debt of companies in the U.S. and Europe that others deemed worthless, is turning to emerging markets as the next source of growth for his $161 billion money management firm.
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, is seeking $2 billion for its second fund making infrastructure investments globally as it looks to profit from a void left by traditional lenders.
Turquoise Hill Resources Ltd., the miner controlled by Rio Tinto Group, may ask lenders to extend financing for the $6.2 billion Oyu Tolgoi copper and gold project as talks continue with the Mongolian government.
AES Gener SA is betting it can overcome opposition that has stalled rival power projects in Chile to build $3.5 billion of new plants needed to help the world’s largest copper-producing country develop new mines.