Turquoise Hill Resources Ltd. TRQ

Primary Symbol: T.TRQ

Metals & Mining Industrial Metals & Minerals

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...

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Turquoise Hill Resources Ltd.

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Post by djemouon Nov 14, 2012 10:01pm

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Post# 20601935

Temasek Raises Stake in Copper Producer Turquoise

Temasek Raises Stake in Copper Producer Turquoise Hill to 3.7%

By Christopher Donville - Nov 14, 2012 9:22 AM GMT-0500

Temasek Holdings Pte, Singapore’s state-owned investment company, raised its stake in Rio Tinto Group’s Turquoise Hill Resources Ltd. (TRQ) unit to 3.7 percent in the third quarter, according to a filing.

Temasek holds 36.6 million shares of Vancouver-based Turquoise Hill, an increase of 31.4 million shares from the preceding quarter, according to a filing today with the U.S. Securities and Exchange Commission. The stake has a market value of $297 million.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net

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