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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: T.TRQ

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...


TSX:TRQ - Post by User

Post by Whatr_udoingon Aug 08, 2013 1:10pm
277 Views
Post# 21657026

Cash BE at OT This Year

Cash BE at OT This YearFrom the CC transcript provided by Seeking Alpha,
"In relation to Turquoise Hill and the bridging finance, there of course we have had the sale announced of Kazakhstan gold asset, that will assist with the cash flow. But we wanted to put enough certainty into Turquoise Hill so that there wasn’t a distraction, there has been a bit of commentary speculation if you like about that.

The bridging finance is required to see Turquoise Hill through to moving to cash breakeven at Oyu Tolgoi which we expect to happen late this year and of course, to cover the fact that there is $1.8 billion of credit facility provided by Rio Tinto to Turquoise Hill. We need to provide that certainty so that, people are not distracted, we can get on with what we need to do, that is ramping up production of OT from 80% to 100%, resolving the issues with the government so that we can make an investment decision in relation to the underground. These are two very important aspects for that project."
https://seekingalpha.com/article/1617782-rio-tintos-ceo-discusses-q2-2013-results-earnings-call-transcript?page=7&p=qanda&l=last

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