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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 pull1on Feb 04, 2014 2:09am
267 Views
Post# 22168609

Mongolia worst place to invest

Mongolia worst place to invest

Mongolia a nightmare place to invest. Government of Mongolia has been spending millions of dollars on hosting Investment Summit in very expensive hotels in Hong Kong and London in order to attract foreign investors. Over 350 senior level delegates gathered at the Four Seasons hotel for the two day summit on 19-20 November 2013. Mongolian minimum income per person is only $150/month, yet the government of Mongolia waste millions of dollars on hotel and dining expenses to promote its resources. Except for the mining constractors and the Mongolian Government no one else has made a cent in Mongolia. Shareholders of Southgobi Resources and Turquise Hill Resources listed on Toronto stock exchange have lost millions of dollars due to the regulatory issues and baseless accusation of corruption against Southgobi by the Mongolian government. Share prices of both companies have lost 90 percent since 2012. If Mongolian goverment has anything against Southgobi then why it is taking 18 month and ongoing to prove it. The goverment of Mongolia has to realize that foreign investment will not come to Mongolia unless they treat foreigner like Justin Kapla with respect.

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