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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

Post by petrojellon Jul 24, 2014 12:44pm
216 Views
Post# 22778343

Canada recently included Mongolia.., "Developmental Aid"

Canada recently included Mongolia.., "Developmental Aid"

Mongolian and Canadian FMs issue joint statement

  • Thursday, Jul 24 2014
  • Written by  B.Khuder




The Ministers of Foreign Affairs of Mongolia and of Canada Thursday issued a joint statement on the bilateral relations.

Mr Bold and Mr Baird said they had run the negotiations in a warm and friendly atmosphere and that they confirm the tow countries' "Broad Partnership" that has been running in a way of close and expanding ties for the last 40 years.  

The two dignitaries highlighted that their countries intend to develop between them the sustainable and dynamic ties and cooperation which contain the same positions over regional and international urgent matters and are based on common values such as democracy, human rights and justice.

They emphasized that the countries have reached an agreement to bring the present bilateral relations into a comprehensive partnership level through cooperating in peace, security and good governance.

Mr Bold reaffirmed that Canada is one of the important “Third Neighbours” of Mongolia and is a close partner in North America.

Confirming that Canada’s government attaches a long-term importance to the relations with Mongolia, Mr Baird pointed out that the cabinet of Canada decided recently to include Mongolia in the list of special states to receive a developmental aid.

The bilateral cooperation will be focusing on ensuring the sustainable economic growth of Mongolia by fortifying its state service, including a management potential of minerals, the Ministers said, and expressed ta mutual satisfaction with the collaboration in urban planning, rural development, court reforms and strengthening the police bodies.

“Trade and investments issues are still vital for the bilateral relations. Canada is one of the leading investors for Mongolia, and it has determined Mongolia as a high-level country in the action programme on world market,” the Ministers said.

They also appreciated refreshing of the talks for establishing an agreement on supporting and saving investments, and hoped that this agreement will be signed soon. The Ministers share the same opinion that this agreement will contribute to creating a sustainable environment for the investment cooperation.

At the international field, Mongolia and Canada are members of a number of international organizations. Canada decisively supported Mongolia’s efforts to become a Participating State of the Organization for Security and Co-operation in Europe (OSCE). They are also partners within the NATO and the Community of Democracies (CoD), the Ministers said.

Mr Baird re-emphasized that his country will continue the support to Mongolia in line of Canada’s military exercises and cooperation programmes with the purpose of peace and security.

A support to the inter-citizen ties is vital in developing the long-year relations between the two countries, the Ministers underlined. They also reaffirmed an importance of the cooperation in the education sector, and said the countries aspire to widen this collaboration. Here Mr Bold expressed a willingness to augment a quota of Mongolian students studying in Canada.

The two Ministers also expressed a satisfaction with realization of high-level mutual visits, running in a scope of the 40th anniversary of the diplomatic relations, and with strengthening of the bilateral cooperation.

(Note:  mccorj .., this means not only did GOM get ur invstmnt $$ they also gettng ur TAX $$ ..win., win., win)

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