Turquoise Hill Resources is a Canadian mineral exploration and development company headquartered in Montreal, Quebec, a majority-owned subsidiary of Rio Tinto Group.

Its principal and only material mineral resource interest is a 66% share of the Oyu Tolgoi Copper-Gold Mine in Southern Mongolia 200 km east of Dalanzadgad. The company was called Ivanhoe Mines until August 2, 2012 when a financing agreement was completed with Rio Tinto.

The Oyu Tolgoi Project is considered one of the world’s largest copper and gold porphyry deposits.

For development to happen at Oyu Tolgoi, an agreement had to be made in which the Mongolian government took a 34% stake in the project; the royalty arrangement it currently has with the Mongolian government took years to reach which caused significant delays in project development.

In Australia, Turquoise Hill Resources has stakes in mines containing gold, uranium, copper and the world’s highest grade molybdenum and rhenium.

In Mongolia the company controls several other gold and copper mine development projects. It owns a 50% interest in the Kyzyl gold project in Kazakhstan through Altynalmas Gold and has exploration projects in China, Indonesia and the Philippines.

Turquoise Hill Resources also owns 14% of Entree Gold, a company with interests in copper and gold projects in southern Mongolia and Arizona, and 14% of Exco Resources which operates Cloncurry’s copper project and the White Dam gold mine in Australia.

The company’s largest shareholder is Rio Tinto, with a stake of 50.8%.

Traded as:           TSX: TRQ; NYSE: TRQ

Industry:              Mining & Exploration

Founded:             1994

Founder:              Robert Friedland

Headquarters:    Montreal, Quebec, Canada

Products:             Gold, Copper, Uranium, Coal, Molybdenum, Rhenium

Website:              www.turquoisehill.com