Turquoise Hill Resources Ltd. T.TRQ

Metals & Mining Industrial Metals & Minerals

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...

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Turquoise Hill Resources Ltd. > OT Parliament Working Group?

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Post by Whatr_udoingon May 28, 2019 3:37am

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Post# 29776865

OT Parliament Working Group?

With the OT Parliament Working Group report purportedly coming out this week it might be a good time to look back at how the past Mongolian president saw the project. This interview was not long before Mgl passed a new mining law that basically shutdown FDI and shortly before OT underground development was halted. In a nutshell, Mgl was against RT borrowing $6 billion for the underground mine b/c they would owe $2 billion of that.
https://ubpost.mongolnews.mn/?p=2780
President Elbegdorj also once downplayed 'Hotel Mongolia' wherein foreign executives were banned from leaving. https://seekingalpha.com/article/1140041-southgobi-executive-under-exit-ban

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