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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 Nov 28, 2014 3:02pm
208 Views
Post# 23175147

RE:RE:RE:RE:No decision

RE:RE:RE:RE:No decisionPeople are misreading the political situation in MGL. The GoM is as dysfunctional as our gov't here in the States. The new DP PM means more of the same IMO. RIO/TRQ needs assurances that they have a credible partner before they go forward with OT expansion.
The tax situation, both past and going forward, needs to be settled/clarified.
The former SouthGobi employees need to be released from their exit visa ban.
The 106 rescinded exploration licenses need to be returned or arbitrated. 
One good thing is the GoM's 1/3 stake in OT which should keep them from shutting the mine down.
They need the royalties but can't afford their share of the mine expenses. They want to eat the meal but run out on the check.

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