Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Countrygenton Jan 30, 2013 1:33pm
206 Views
Post# 20912698

RE: Time to play HARDBALL!

RE: Time to play HARDBALL!

One of the problems in any quotes coming out of Mongolia, is you can never be too sure if the speaker wasn't three sheets to the wind. Vodka is the breakfast bevy of choice for a scary number of these post-Soviet folks. I can just imagine when Starbucks opens in the Gobi they will have a "Grande Vodka" to go with that Americano.

From NPR https://www.npr.org/templates/story/story.php?storyId=112485545 --

Almost one in five Mongolian men binge-drink on a weekly basis. One reason for the high level of alcoholism is the sheer availability of alcohol. Mongolia has one shop selling alcohol for every 270 people, the highest number anywhere in world. Most supermarkets have an aisle dedicated to vodka, sometimes with more than 25 types of vodka alone, costing just $2 for a half-pint.

Many politicians have a direct interest in the alcohol industry, and alcohol taxes and licenses generate large revenues for the government.

"Alcohol is one of the single most important sources of income for the Mongolian government," says Sean Armstrong, who is researching alcoholism in Mongolia. "Currently, 20 to 23 percent of the government income comes from taxes directly related to alcohol use and sales."

A couple of years ago, even the then-health minister had his own highly profitable vodka brand. Many vodka brands appeal to national pride, invoking national heroes like the founder of the Mongol empire, Chinggis Khaan, known in the West as Genghis Khan.

___________

Funny that RioT will float stories to scare the hell out of the public shareholders while they seem to be slow in updating their mining plan or any drilling along the HNE or at Ulan Khud. Just saying.

cg

Bullboard Posts