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Turquoise Hill Resources Ltd. T.TRQ

Metals & Mining Industrial Metals & Minerals
Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


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Turquoise Hill Resources Ltd. > What is going on?
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Comment by Straiteon Feb 22, 2019 8:41pm
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Post# 29402798

RE:RE:What is going on?

RE:RE:What is going on?I might add the initial jump was due to Glencore report on 19th Feb. Its sad but I suspect this production cut (and therefore copper price increase) is likely due to the fact they plan on temporarily cutting production following a deadly incident that occurred. A truck full of sulfuric acid on its way to the mutanda mine crashed and spilled over two cars, killing +- 20 people. See https://www.reuters.com/article/congo-glencore-accident/acid-truck-spill-kills-20-near-glencore-congo-mine-idUSL5N20H5BI https://www.reuters.com/article/us-glencore-operations-congo/glencore-to-cut-output-jobs-at-copper-cobalt-mine-in-congo-wsj-idUSKCN1Q81RL
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