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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 Aug 06, 2016 9:45am
260 Views
Post# 25116454

Article from Reuters

Article from ReutersOne must question how serious Tinto is with lessoning its dependance on Iron Ore?? This also opens the door for BHP or one of the other big players to make a move. Tinto has other big miners as partners in other projects. Tinto could also change its mind any time it wants.


Rio Tinto says has no plan to lift stake in Turquoise Hill
03 Aug 2016 - Reuters
Rio Tinto says has no plan to lift stake in Turquoise Hill

MELBOURNE, Aug 3 (Reuters) - Rio Tinto has no plan to increase its majority stake in Turquoise Hill Resources , chief executive Jean-Sbastien Jacques told reporters on Thursday.

Turquoise Hill owns 66 percent of the Oyu Tolgoi copper mine in Mongolia, a key growth asset for Rio Tinto.

"There is no plan to increase our equity stake in Turquoise Hill," Jacques said on a conference call following the release of Rio Tinto's half-year results.

(Reporting by Sonali Paul; Editing by Richard Pullin)

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