Turquoise Hill Resources - Ownership and Business Overview

Metals/miningCompany

Turquoise Hill Resources Ownership

Who owns Turquoise Hill Resources?

Turquoise Hill Resources is owned by Rio Tinto. It was acquired on November 17, 2022.

Turquoise Hill Resources Business Overview

Where is Turquoise Hill Resources headquartered?

Turquoise Hill Resources is headquartered in Montreal, Quebec.

What is Turquoise Hill Resources’ revenue?

Turquoise Hill Resources disclosed revenue of 1,971M USD for 2021 and 1,078M USD for 2020.

What sector is Turquoise Hill Resources in?

Turquoise Hill Resources is a metals/mining company.

Metals/mining M&A Summary in 2022

Out of 60 sectors in the Mergr database, metals/mining ranked 36 in number of deals in 2022. The largest metals/mining acquisition in 2022 was Turquoise Hill Resources - which was acquired by Rio Tinto for $3.1B.

Join Mergr to view all 70 acquisitions of metals/mining companies in 2022, including 8 acquisitions by private equity firms, and 62 by strategics.

Turquoise Hill Resources

Turquoise Hill Resources Ltd.

Suite 3680 1 Place Ville-Marie,
Montreal, Quebec H3B 3P2
Canada,
(514) 848-1567
www.turquoisehill.com

Turquoise Hill Resources is a mining company that focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company's principal material mineral resource property. The Company's Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes). Its Oyu Tolgoi mine is located approximately 550 kilometers south of Ulaanbaatar, Mongolia's capital city, and 80 kilometers north of the Mongolia-China border. The Company's Mineralization on the property consists of porphyry-style copper, gold, silver, and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) of deposits throughout this trend. They include, from south to north, the Heruga Deposit, the Oyut deposit, and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension). Turquoise Hill Resources is based in Montreal, Quebec.


Company Summary

SECTOR

Metals/Mining

Revenue

1,971   83% 2021
1,078   8% 2020
1,166   2% 2019
1,180   2018
(millions of USD) Show More Show Less

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