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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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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...


TSX:TRQ - Post by User

Turquoise Hill Resources Ltd.
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Comment by Oldnicknoron Apr 24, 2013 2:32am
152 Views
Post# 21293454

RE: RE: UB Post

RE: RE: UB Post

 

The GOM must use the capex estimate from IDP-10 from May-2010 to compare with the $6.6b number.

 

IDP-10 stated $4.6b capex was estimated for phase 1.

 

What was the Capex budget when the OT LLC BOD approved the project, $5.9b?

 

Anyhow, If I'm not mistaken, GOM had 3 directors on the board, and every overrun on Capex was approved, or am I wrong?

 

How could they claim not to know?

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