NEW YORK, NY / ACCESSWIRE / May 22, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on Turquoise Hill Resources Ltd (NYSE: TRQ) a Canadian mining and development company. The company's primary asset is a 66 percent interest in Oyu Tolgoi LLC, which owns a copper-gold-silver mine located in southern Mongolia. The remaining 34 percent the entity is held by the Mongolian government. Approximately 51 percent of the outstanding shares of Turquoise Hill are held by Rio Tinto plc, the London based mining conglomerate, which also serves as the manager of the Oyu Tolgoi project.

Once Oyu Tolgoi attains peak production, it is expected to be the third-largest copper mine in the world. Turquoise hill estimates that between 2024 and 2036, annual copper production at Oyu Tolgoi will average 500,000 tonnes per year. China is now the largest buyer of gold, and continues to be the largest consumer of copper. Due to its geographical proximity, Oyu Tolgoi is well-positioned to service the Chinese market.

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On May 18, 2017, it was reported that Rio Tinto had increased its stake in Turquoise Hill by six million shares, signaling a potential acquisition of the 49 percent of the company it does not already own. However, a Rio Tinto spokesman stated that the company had not increased its shareholding in Turquoise Hill since 2012, and it appears that the six million shares were connected to a transaction of another subsidiary, Entree Gold (now Entrée Resources).

Turquoise Hill's primary asset, the Oyu Tolgoi mine, has value due to its expected production and proximity to China. If the underground development plan is implemented as expected, the company should generate strong cash flows for 10 years or more. However, there is political risk associated with the Mongolian government who is a partner on the project.

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