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Bullboard - Stock Discussion Forum 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... see more

TSX:TRQ - Post Discussion

Turquoise Hill Resources Ltd. > OT Parliament Working Group?
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Post by Whatr_udoing on May 28, 2019 3:37am

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
Comment by miningfundi on May 28, 2019 4:11pm
The Working Group Report was submitted to Parliament on 03/22/19. OT received a summary of the WGR on 05/03/19 and submitted a written response to the Parliamentary Committee on 05/06/19. Apparently there is no timeline to hear back from the Committee - what are you expecting this week? Your links are to articles published over 6 years ago, in early 2013 - are they still that relevant to the ...more  
Comment by Whatr_udoing on May 29, 2019 3:32am
Apparently the report is to be heard by a committee so we should learn what's in the report and possibly OT's response.  The old interview shows the Mgl mindset just before the GOM started choking the golden goose. The country or geopolitical risk is similar now. Just like we never know when the current U.S. administration, run by a reality TV star, will do something stupid ...more  
Comment by oldpilot on May 29, 2019 1:41pm
Comment by oldpilot on May 29, 2019 1:58pm
This post has been removed in accordance with Community Policy
Comment by Whatr_udoing on May 29, 2019 3:20pm
From a convo on Yahoo it appears that the committee hearing was televised today. 
Turquoise Hill Resources Ltd.