Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mineral exploration, development, and mining company. The company is a subsidiary of Rio Tinto International Holdings Limited. Oyu Tolgoi Mine The Oyu Tolgoi Mine is located in the Southern Gobi region of Mongolia. The Oyu Tolgoi Mine consists of a series of deposits containing copper, gold, silver and molybdenum. The Oyu Tolgoi Mine is operated through the company’s 66% owned subsidiary, Oyu Tolgoi LLC. Oyu Tolgoi LLC, in turn, holds its rights to the Oyu Tolgoi Mine through mining licence 6709A, comprising approximately 8,496 hectares of property. Oyu Tolgoi LLC holds an interest in approximately 20,000 hectares of mineral exploration licence 15226A and approximately 20,000 hectares of mineral exploration licence 15225A owned by Entrée Gold Inc. Oyu Tolgoi LLC holds its rights to the property through the Entrée Gold Inc. joint venture, pursuant to which Oyu Tolgoi LLC has an 80% interest in minerals below 560m and a 70% interest in minerals above that point. SouthGobi Resources Ltd. (SouthGobi) As of December 31, 2013, the company held a 56% interest in SouthGobi, which is an integrated coal mining, development and exploration company. SouthGobi owns the Ovoot Tolgoi Coal Project and three development projects, the Soumber Deposit, the Zag Suuj Deposit and the Underground. The Ovoot Tolgoi Complex consists of the Ovoot Tolgoi Coal Project together with the Underground. The Ovoot Tolgoi Coal Project, strategically located approximately 40 kilometers from the China-Mongolia border. The Soumber Deposit consists of the Central Soumber, East Soumber, Biluut, South Biluut Field and the Jargalant Field. The Soumber Deposit is located approximately 20 kilometers east of the Ovoot Tolgoi Coal Project. The Zag Suuj Deposit is located approximately 150 kilo metes east of the Ovoot Tolgoi Coal Project. Other Projects Mongolia The company, through its 100% subsidiaries, Asia Gold Mongolia LLC, Heruga Exploration LLC, Oyut Ulaan LLC and SGLS LLC, operates an exploration program in Mongolia on licences that are not part of the Oyu Tolgoi Mine. Licences cover a total of approximately 38,000 hectares in six separate licences. Of these licences, approximately 20,000 hectares are covered by the Ulaan Khud licence. Other Exploration During 2013, the company had exploration groups in Indonesia and Mongolia focused on porphyry-related copper-gold and epithermal gold-silver deposits. Governmental, Regulatory and Internal Investigations SouthGobi is subject to investigations by Mongolia’s Independent Authority Against Corruption (the IAAC) and the Mongolian State Investigation Office (the SIA) regarding allegations against SouthGobi and some of its former employees. History The company was founded in 1994. It was incorporated under the Company Act (British Columbia) in 1994. It was formerly known as Indochina Goldfields Ltd. and changed its name to Ivanhoe Mines Ltd. in 1999. Further, the company changed its name to Turquoise Hill Resources Ltd. in 2012.
turquoise hill resources ltd
200 Granville Street
Vancouver, BC V6C 1S4
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