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
Website
www.turquoisehill.com
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
XYZ
Net Income (2021)
XYZ
29.2%
(2021 vs 2020)
Market Cap*
$6.3B
Net Profit Margin (2021)
XYZ
-29.3%
(2021 vs 2020)
* As of and is in US$
Turquoise Hill Resources Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Gold |
| Copper |
| Silver |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Ownership Changes | In December, the company was acquired by Rio Tinto. |
| 2022 | Others | In December, the company's shareholders accepted US$3.3 billion takeover offer 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. |
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 | 2,089 | 8 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| R. Peter Gillin | Chairman | Executive Board | 2017 | - |
| Steve Thibeault | Director; Chief Executive Officer - Interim | Executive Board | 2021 | - |
| Luke Colton | Chief Financial Officer | Senior Management | - | - |
| Jo-Anne Dudley | Chief Operating Officer | Senior Management | 2019 | - |
| Dustin S. Isaacs | Corporate Secretary; Chief Legal Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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