Why Turquoise Hill Is a Bright Spot in Mining

Turquoise Hill Resources, a Vancouver-based company, is expanding its mining operations in Mongolia. The company is experiencing a surge in stock prices due to rumors of a takeover by Rio Tinto, which already owns 51% of the company. The mine, located in the Gobi Desert, is set to become the third-largest copper mine globally by 2027, producing 500,000 metric tons annually. The global copper market faces potential shortfalls, making this expansion significant. The mine's proximity to China raises questions about potential Chinese investment, with the Mongolian government holding a 34% stake, which would require approval for any ownership changes.

What is the primary reason for the recent surge in Turquoise Hill Resources' share prices?

• Increased copper production

• Speculation of a takeover by Rio Tinto

• Partnership with a Chinese company

• Discovery of a new mine

When is the underground mine in Mongolia expected to be fully operational?

• 2030

• 2029

• 2027

• 2025

What is the expected annual copper production of the Mongolian mine once fully operational?

• 600,000 metric tons

• 300,000 metric tons

• 400,000 metric tons

• 500,000 metric tons

Why is the location of the mine near the Chinese border significant?

• China is a major consumer of copper

• It reduces transportation costs

• It allows for easier export to Europe

• It is closer to the company's headquarters

What percentage of the mine is owned by the Mongolian government?

• 51%

• 66%

• 34%

• 25%