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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 petrojellon Oct 25, 2014 10:07am
217 Views
Post# 23060696

Narrow Gauge Railway MONGOLIA to CHINA

Narrow Gauge Railway MONGOLIA to CHINAPARLIAMENT OF MONGOLIA RATIFIES TO CONSTRUCT SOME NEW RAILWAY TO CHINA USING NARROW GAUGE OF 1,435 MM

At the morning plenary session of the State Great Khural (Parliament) of Mongolia held on October 24, 2014, final discussion of the Government Policy to Adhere on Railway Transportation and Measures to Implement was revised among 51 Parliamentarians, who were present out of 76 MPs.

The summary for final discussion was introduced by Chairman of Economis Standing Committee of the Parliament MP B. Garamgaibaatar saying, :At the Cabinet and Standing Committee meetings it was agreed to resolve the issue of constructing the new railway track's width to China as a set of consideration, which was included in this draft bill. Also, if the Government of Mongolia negotiates with China, some routes directed to the PR of China will be enabled to construct with a narrow gauge of 1,435  mm and some with a broad gauge of 1,520 mm.

Following some answer-question debates, the third reading of the bill on the Government Policy to Adhere on Railway Transportation and Measures to Implement was ratified with 84.3% of votes.

In this regard, the Parliament of Mongolia approved to construct new railway between Tavan Tolgoi - Gashuun Sukhait and Khuut - Bichigt using narrow gauge of 1,435 mm. and new railway between Arts Suuri - Erdenet, Tavan Tolgoi - Sainshand - Baruun-Urt - Choibalsan, and khuut - Numrug will be constructed under broad gauge of 1,520 mm.
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