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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

Comment by Whatr_udoingon May 29, 2014 12:14pm
277 Views
Post# 22610503

RE:RE: JOB Cuts

RE:RE: JOB CutsIn a worst case scenario OT expansion could be financed from operations. The GoM actually floated this austere plan a couple of years ago when financing was first being arranged. They even complained that the interest rate at 6% was too high when compared to that of the Chingghis Bond. An agreement on financing is also not assured as the GoM must first approve the feasibility study. So, it makes sense to cut operating costs now as development drags out over the decade.
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