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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 Formulatoron May 12, 2014 10:33pm
330 Views
Post# 22553397

RE:RE:Financial results

RE:RE:Financial results
Nothing new except TRQ is looking to sell its stake in SGQ and if it does, will take a write down of over $100M+.   on the plus side, TRQ is holding inventories close to $1B and we have contracts for 94% of the production in 2014. 

The big prize is the underground mine,  no further development on that front ..... and no hint that we are getting closer except 14 of the 15 banks agreed to extend the financing.

Continuing to wait.
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