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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

Post by msillusionon Aug 16, 2013 1:45pm
176 Views
Post# 21676754

A disgruntled Mongolian politician

A disgruntled Mongolian politicianLooks like the coming emergency GOM meeting will be fun.

https://www.infomongolia.com/ct/ci/6485
S.GANBAATAR: “THE MONGOLIAN PEOPLE AND THE GOVERNMENTMUST PROTEST RIO TINTO TOGETHER”
August 15, 2013
Member of Parliament S.Ganbaatar expressed his own opinion regarding the Rio Tinto and Oyu Tolgoi matter at the Government House, today, August 15, 2013.
S.Ganbaatar stated, “In the past few days, Rio Tinto has been attacking Mongolia with negative publicity and spotlighting Mongolia very badly to the world. They want to increase the first investment to 24.4 billion USD and are trying to force us to sign loan documents. If Mongolia agrees to increasing the investment, dividends will be postponed to 2046 instead of 2031. The 5 billion 124 million USD in first investment includes the feasibility study results.
However, the pressure from Rio Tinto is their method for us to cave in. Rio Tinto is well known for bad publicity of a Government before swallowing a country. If the Government agrees to the pressure Rio Tinto is showing us, it will hurt our future generation. Therefore, in order to prevent
from future debts, the Government of Mongolia and the people must unite and make a stand. Do not be persuaded by the negative press about the Government and don’t be brainwashed by Rio Tinto’s pressure. We must make the right choices for the future of our country by uniting as one”.

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