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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 Sep 08, 2017 4:58am
127 Views
Post# 26670329

Next At Bat. It Aint Over.

Next At Bat. It Aint Over.

Parliament adopts dismissal of Cabinet


2017-09-08

Ulaanbaatar /MONTSAME/ The Parliament has dissolved the Cabinet with 57.5 per cent vote in its irregular session.

In its irregular session held till Thursday night, majority of parliament members voted to dismiss the Prime Minister J.Erdenebat and in accordance with relevant laws the cabinet has been dissolved following to PM's dismissal. It happened after alleged incompetent actions of the Cabinet.

Parliament now should appoint new Prime Minister within 30 days and the dissolved Ministers have been assigned to work as acting ministers until formation of a new Cabinet.

Earlier, on August 23, 30 members of the Mongolian People’s Party group at Parliament submitted a petition to dismiss Prime Minister of Mongolia J.Erdenebat, accusing him for alleged actions violated laws and making decisions in favor of interests of some groups, including the establishment of a concession agreement of MNT 807.8 billion with companies, which work for the interest of some cabinet members.

Formed after the 2016 parliamentary elections, the Erdenebat’s Cabinet lasted for 404 days or 14 months
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