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Entree Resources Ltd T.ETG

Alternate Symbol(s):  ERLFF

Metals & Mining Industrial Metals & Minerals
Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.


TSX:ETG - Post by User

Entree Resources Ltd
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Comment by fanofsgon May 09, 2016 9:34pm
174 Views
Post# 24856291

RE:RE:New commenter. IA

RE:RE:New commenter. IA
Thank you for your expert knowledge.

I did email SG about this: to summarize SG's response:
Rio Tinto needs ETG's mining licenses for HNE and Heruga in order to mine all of the material in its current mine plan. Entre’s assets were part of the negotiation regarding the recent $4.4 billion in financing announced by Rio Tinto and Turquoise Hill and there seems to be a planned resolution in place.

It is the Mongolian Government that could be missing out on ETG 20% ground which they have joint ventured with Turquoise Hill and that is what is being remedied in the current negotiations between Entre and the Mongolian Government.
 
There is no pending lawsuit or any reason for Entre to enter into a lawsuit with Rio Tinto or the Mongolian Government. 
 

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