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Turquoise Hill Resources Ltd: Overview

Turquoise Hill Resources Ltd (Turquoise Hill), a subsidiary of Rio Tinto, is a mining company. It focuses on development and operations of Oyu Tolgoi mine in Southern Mongolia. The mine is situated in the South Gobi region which is about 550 km south of Ulaanbaatar, and 80 km north of the Mongolia-China border. The company carries out mining of gold, silver, and copper. Oyu Tolgoi mine comprises four deposits which include Oyut, Hugo North and Hugo South, and Heruga. The mine also has a copper concentrator plant, with related facilities and necessary infrastructure. Turquoise Hill is headquartered in Montreal, Quebec, Canada.

Headquarters Canada

Address Suite 3680 1 Place Ville-Marie, Montreal, Quebec, H3B3P2


Telephone 1 514 8481567

No of Employees 3,478

Industry Metals and Mining

Ticker Symbol & Exchange TRQ (NYSE)

Revenue (2021) $2.0B 82.8% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 29.2% (2021 vs 2020)

Market Cap* $6.3B

Net Profit Margin (2021) XXX -29.3% (2021 vs 2020)

* As of and is in US$

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Mines & Projects

Comprehensive coverage on mines and projects for Turquoise Hill Resources Ltd with details including commodities, ownership and operations, production, reserves and resources, plant and equipment and key contacts.

190+

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Turquoise Hill Resources Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

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Products and Services

Products
Gold
Copper
Silver
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In August, the company agreed to be acquired by Rio Tinto.
2022 Others In May, the company announced Rio Tinto to provide interim debt funding of up to US$400 million to TRQ as it assesses its US$2.7 billion bid to acquire a 49% stake it does not already own in TRQ.
2022 Contracts/Agreements In May, the company entered into an agreement with Entree Resources Ltd for arbitration proceedings to seek declarations and orders for specific performance relating to certain provisions.
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Competitor Comparison

Key Parameters Turquoise Hill Resources Ltd Barrick Gold Corp Kinross Gold Corp China Gold International Resources Corp. Ltd. Erdene Resource Development Corp
Headquarters Canada Canada Canada Canada Canada
City Montreal Toronto Toronto Vancouver Dartmouth
State/Province Quebec Ontario Ontario British Columbia Nova Scotia
No. of Employees 3,478 21,300 8,970 2,169 8
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
R. Peter Gillin Chairman Executive Board 2017 -
Steve Thibeault Chief Executive Officer - Interim; Director Executive Board 2021 -
Luke Colton Chief Financial Officer Senior Management - -
Jo-Anne Dudley Chief Operating Officer Senior Management 2019 -
Dustin S. Isaacs Chief Legal Officer; Corporate Secretary Senior Management - -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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