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RTNTF - Turquoise Hill Resources Offers The Growth Of Copper And The Safety Of Gold & Silver
Rio Tinto Ltd Aud2 Ord
This article first appeared on Trend Investing on July 21, 2020; therefore all data is as of this date.
Turquoise Hill Resources [TSX:TRQ] (NYSE:TRQ) is a Canadian company that owns 66% of the massive Oyu Tolgoi copper-gold-silver mine in Mongolia. The mine is of world class size and good grades, but has a high CapEx to develop the underground portion. The Oyu Tolgoi Mine began construction in 2010 and shipped its first batch of copper on 9 July 2013.
Rio Tinto (RIO) indirectly controls the mine through its majority interest (51%)