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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 09, 2013 11:01am
303 Views
Post# 21659307

Mongolia considering IPO of its stake in Rio Tinto mine

Mongolia considering IPO of its stake in Rio Tinto mineInteresting headline from Seeking Alpha. The GOM would still get their royalties and cash out their 34% stake. Well off mgl investors could participate in future dividends. What happens to the GOM reps on the OT board? Would the stock be restricted to mgl citizens? Apparently the GOM is having a severe cash flow problem.
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