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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 Apr 16, 2018 8:43am
162 Views
Post# 27889530

RE:RE:Shades Of Hotel Mongolia

RE:RE:Shades Of Hotel MongoliaYes, a few years ago there was talk that the GOM was looking to sell its OT share to stave off an IMF bailout and that RIO was looking for a partner in the property. Problem is/was TRQ holds the debt for the GOM's share - one reason RIO is in no hurry to buyout TRQ. 
Since the IMF bailout of MGL and the $6 billion financing for OT underground development, the greedy GOM ministers, bankers, and judges are at it again - looking for their share. The dearth of new exploratory program news this time of year indicates investors are wary. IMO
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