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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

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Turquoise Hill Resources Ltd. > GOM stupidity! ;-)

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Post by marpincan on Jan 11, 2021 12:22pm

GOM stupidity! ;-)

These GOM antics in a way actually play into Rio Tinto's hand big time. Foreign investors watch these happenings closely and the message they get is that unless you have big boots that can re arrange Mongolian rear end like Russia/ China or you are a big major miner with the capability and willing to play the long game like Rio Tinto, then Mongolia is a place to avoid. With everyone else staying away , this makes Tinto one of the few games in town for the GOM and gives Tinto considerable leverage. Seems to be that GOM is to stupid to realize this and keeps putting both feet in its mouth. ;-)

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