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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 marpincanon Jun 22, 2016 10:00am
213 Views
Post# 24986886

One big reason for Tinto to want more TRQ

One big reason for Tinto to want more TRQ
One reason for Tinto to want more of TRQ has a lot to do with accounting. At 51%, they can not fully intigrate TRQ's numbers with Tinto's. From an accounting perspective, this makes a big difference for Tinto - everything from being able to right off TRQ' debet going forward to righting off losses in the company's other divisions against TRQ profit and a bunch of other bean counting issues. They need to get at least 76% of TRQ in order to fully intigrate them accounting wise or some how take TRQ completly private (no puplicly listed share holders). I am not an accountant and my knowledge on the matters comes from reasons given by other companies in similar situations. My understanding is that this can be a big factor. Perhaps if we have some accounting types out their, they can expand on this.     
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