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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 petrojellon Oct 18, 2014 2:13pm
386 Views
Post# 23040702

RE:Prime Minister of Mongolia ?!

RE:Prime Minister of Mongolia ?!
On October 17, 2014, MP D. Khayankhyarvaa, MP Ya Sodbaatar, MP N Nomtoibayar and MP Oh Khurelbaatar representing some 28 Members of the State Great Khural (Parliament) have submitted a Letter of Request to withdraw the Prime Minister of Mongolia and handed it to the Speaker of Parliament. Z. Enkhbold.

The reasons to remove the incumbent Premier N. Altankhuyag are based on breaches of several clauses of the Constitution of Mongolia and as explained the letter handers, the Head of Government cannot pertorm his functions properly, besides violating the legislations repeatedly, and cannot rule the government organizational works that caused to decrease foreign direct investments.

Moreover, the Cabinet chaired by N. Altankhuyag sickened the country economy in terms of reckless spending without studies, even the International Monetary Fund, the World Bank and other international organizations keep warning that Mongolia's economic growth will slow down considerably and is likely ti decelerate and slip into the single-digit, claim above Parliamentarians.
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