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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

Comment by HF.mongol.khanon Feb 24, 2014 9:44pm
156 Views
Post# 22245570

RE:RE:Devil’s Advocate

RE:RE:Devil’s Advocatemarpincan: "The cost over runs for Phase one were way less than almost all mining projects being developed at the time. In other words, TRQ and Tinto did a fairly good job of managing costs. Also when looking at cost over runs, you have Tinto's numbers and the GOM's numbers. - There is quite a difference. Cost over runs for Phase one were mostly caused by GOM and the delays GOM caused - in big projects, delays can add considerably to costs. Most of the GOM's complaints amount to nothing more than red herrings - they are nothing more than excuses made to cover up GOM incompetence and corruption. This project could have been producing 5 years sooner than it did and Phase 2 could have been complete by now. It was not because GOM kept doing an about face on mining policy and did not want to honor IA even though the IA gives over 70% of proceeds to Mongolia and Mongolians. Sometimes you just got to call a spade a spade and draw a line." AGREED, AGREED, AGREED.
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