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Turquoise Hill Resources Ltd. 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 msillusionon Aug 08, 2013 2:39pm
197 Views
Post# 21657320

RE:Tinto Financing

RE:Tinto FinancingThis piece is not worth reading. It is not as complete as other reporting on the new $600 mln bridge funding. It does not mention the commitment fees of 6% that TRQ is asked to pay up front.

The report regurgiated old news that Rio believed funding for underground mine needed approval by GOM. It did not mention that the Mongolian PM and President had clarified after the summer break that parliament approval was not needed  
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