On Monday, Turquoise Hill Resources Ltd (NYSE:TRQ)’s shares declined -1.18% to $3.36.
Turquoise Hill Resources recently declared the second quarter 2015 production for Oyu Tolgoi.
Jeff Tygesen, Turquoise Hill Chief Executive Officer, said, “Second quarter production at Oyu Tolgoi was strong due to raised throughput and high grades as the mine accessed the high-grade zone. Concentrate production was the highest Oyu Tolgoi has seen since operations began.”
Concentrate production for Q2’15 raised 64.6% over Q1’15 due to a 20.1% enhance in throughput and higher head grades. Throughput for Q2’15 was the best Oyu Tolgoi has practiced since operations began. Copper and gold in concentrates raised 64.5% and 178.1% respectively over Q1’15.
Oyu Tolgoi began accessing higher-grade material in Q2’15. Production of higher-grade ore is predictable to continue in the second half of 2015. Turquoise Hill continues to expect Oyu Tolgoi to produce 175,000 to 195,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates in 2015.
Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012.
Microchip Technology Inc. (NASDAQ:MCHP)’s shares dropped -0.21% to $41.78.
Microchip Technology Inc. (MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, declared that designers using the Automotive Open System Architecture (AUTOSAR) to develop and reuse their in-vehicle software can now connect their systems to not only networking technologies such as CAN and LIN, but also to the MOST® Cooperation’s automotive-proven MOST networking technology. This means that Microchip’s MOST Intelligent Network Interface Controllers (INICs) can be used for cross-domain communication in an AUTOSAR system, such as Advanced Driver Assistance Systems (ADAS), which simplifies automotive networking and diagnostics.
AUTOSAR has developed standardized, open software architecture for automotive electronic control units, which is increasingly being applied in traditional vehicle electronic domains. For example, after the major German vehicle OEMs successfully utilized AUTOSAR in the central areas of their electrical/electronics architectures, they are now extending its use into additional domains. With the introduction of the AUTOSAR 4.x standard, most other OEMs are now also investigating or actively migrating to AUTOSAR. Therefore, it is increasingly important that the infotainment domain of a vehicle is able to support AUTOSAR, at least where an interaction with other domains is necessary.
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name; and 16-bit dsPIC digital signal controllers, in addition to provides microcontrollers for automotive networking, computing, lighting, power supplies, wireless communication, and wireless audio applications.
At the end of Monday’s trade, Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)‘s shares dipped -0.10% to $10.11.
Bancomer Transfer Services Inc. (BTS), the global money transfer services unit that is a part of BBVA’s U.S. operations, declared recently that Aurora Garza Hagan has been named its new chief executive officer.
Garza Hagan rose up through the ranks at BTS, which presently handles $10 billion out of the $60 billion in funds sent each year to Latin America, the largest remittances corridor in the world. She started in 2001 as a senior accounting analyst and has held various leadership positions, most recently as chief financial officer overseeing all aspects of finance, accounting, treasury administration, legal and risk. Before joining BTS, Garza Hagan held senior auditor positions at Ernst & Young and Continental Airlines.
Garza Hagan is taking over as CEO following the departure of Moises Jaimes. She will report to new BTS Chairman Gabriel Palafox. Her appointment is effective right away and she will be based in Houston.
A graduate of The University of Texas at Austin, Garza Hagan earned a bachelor’s degree in business administration and is also a certified public accountant in the state of Texas.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States. It offers deposit products, counting personal accounts, housing accounts, savings accounts, deposit accounts, etc.; and loan products, such as personal loans, mortgages, etc.; credit cards; investment products comprising mutual funds, warrants, and pension plans; and telephone and on-line banking services, in addition to ATMs for individual customers.
Axalta Coating Systems Ltd (NYSE:AXTA), ended its Monday’s trading session with -2.35% loss, and closed at $29.45.
Axalta Coating Systems Ltd. (AXTA) will host a conference call for its second quarter 2015 financial results at 8:00 a.m. EDT on Tuesday, August 4, 2015. Charles W. Shaver, Chairman and Chief Executive Officer, and Robert W. Bryant, Executive Vice President and Chief Financial Officer, will review the company’s financial performance for the period.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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