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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 Countrygenton Jul 15, 2015 7:13pm
157 Views
Post# 23928111

Arbitration

ArbitrationJudging by the news reports coming out of Cabinet last week, with the DP trying to eject the MPP Cabinet Ministers from their six month coalition, and the President objecting to any new government being formed before next year's elections .... Somebody is trying to throw a wrench in the works.

Can you imagine if you were responsible for assembling the new OT lending facility how bad this arbitration award foot dragging looks?  In the meantime the PM is in Europe trying to drum up FDI.  Watch for a withdrawal of the filing possibly - perhaps it was done to embarrass him.  With Mongolia, who knows.  Clowns are not always predictable.

good results from the concentrator, although those gold recoveries at 75% look a bit thin.  I wonder what the technical story is on that.

cg
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