Tuesday, December 6, 2016

Turquoise Hill Resources - TRQ.t

Turquoise Hill Resources - TRQ.t is advancing a 66% interest in the flagship Oyu Tolgoi Project, one of the world's largest copper-gold-silver mines.

The Oyu Tolgoi Project represents an investment of over $ 8 billion

On December 2, 2016 the company released News

Turquoise Hill Resources Ltd.'s Oyu Tolgoi has suspended concentrate shipments to the Chinese border, effective Dec. 1, 2016, following a new requirement at the Chinese-Mongolian border to utilize one joint coal and concentrate crossing route. The new requirement has led to safety and security concerns, as well as unreasonably long waiting times to cross the border. Oyu Tolgoi is seeking to clarify the requirements with the relevant authorities in Mongolia and China.

At present, it is not clear the potential duration of the shipment suspension. The company will update the market in due course as material information is ascertained.