Turquoise Hill Resources Ltd.

Turquoise Hill Resources Ltd.

Turquoise Hill Resources Ltd.

Overview
Date Founded

1994

Headquarters

World Trade Centre,999 Canada Place,Suite 615,Vancouver, BC V6C 3E1

Type of Company

Public

Employees (Worldwide)

2,615

Industries

Non-Energy Mining & Minerals

Company Description

Turquoise Hill Resources Ltd. engages in the exploration and development of mineral properties. Its principal mineral resource property include Oyu Tolgoi copper-gold-silver project located in southern Mongolia. The company was founded by Robert Martin Friedland on January 25, 1994 and is headquartered in Vancouver, Canada.

Contact Data
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In The News
Global Banking News
October 14, 2019
-Deutsche Bank to sell Turquoise stake
ENP Newswire
August 27, 2019
-GBL-Share buyback
News Bites Canadian Markets
August 23, 2019
Stock Weekly: Turquoise Hill Resources unchanged on weak volume
News Bites Canadian Markets
August 23, 2019
Stock Weekly: Kaizen Discovery plummets 10.0% on average volume
Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Secretary, Vice President & General Counsel

Chief Geologist

Head-Media Relations

Board of Directors

Former Chief Financial Officer at BMO Financial Group, Inc.

Chief Executive Officer at Turquoise Hill Resources Ltd.

Former Secretary & Vice President-Legal at Transalta Renewables, Inc.

Chief Advisor, Surface Mining & Geosciences at Rio Tinto Plc

Director & Vice President at RIO Tinto Diamonds Ltd.

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Turquoise Hill Resources Ltd.
Owners & Shareholders
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PCM seeks to provide clients with consistently superior risk-adjusted rates of return through implementing event-driven strategies. Their investment strategies generally focus on an event or a catalyst that will move an equity price, an equity spread, a credit spread, or an implied volatility spread. Their investment strategies may include: merger arbitrage, catalyst-driven credit investing, special situation investing and distressed investing. Catalyst events may include mergers, acquisitions, spin-offs, carve-outs, tender offers, split-off exchange offers, share class spreads, re-organizations and corporate distress. PCM seeks to trade in all forms of the capital structure of companies involved in catalysts and events and to create the best risk/reward trade possible within the corporate capital structure. They attempt to limit risk through diversification and hedging. The firm may choose to take control positions in an attempt to create their own catalyst or event. In managing the fund's portfolio, PCM relies on fundamental analysis supplemented by quantitative analytics and portfolio management techniques. They take both long and short positions for their clients in a broad range of public and private debt securities, equity securities, options, derivatives and credit derivatives (including credit default swaps), trade claims, bank debt participations and other instruments. PCM invests within and outside of the US, as well as in issuers in various stages of financial distress.

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SailingStone Capital Partners invests client assets primarily in accordance with their Natural Resources Strategy and/or their Natural Gas Strategy. The Natural Resources Strategy invests primarily in equity securities of issuers that the firm considers to be engaged principally in natural resources industries anywhere in the world. These portfolios typically hold a limited number of securities. SailingStone seeks to purchase securities in companies with these characteristics when SailingStone believes the price reflects a limited possibility of permanent capital impairment. SailingStone's Natural Gas Strategy invests in equity securities of companies that produce natural gas in North America or engage in natural gas-related businesses that may benefit from an improvement in long-term natural gas fundamentals. The strategy is concentrated around companies that the firm believes possess a combination of the three attributes required to generate excess returns in a commoditized industry: producing assets which sit at the bottom of a steeply sloped supply cost curve, highly capable management teams with a strong track record of prudent capital allocation and value creation, and a deep inventory of advantaged assets into which capital can be deployed at high rates of return.

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Kopernik Global Investors implements global investment strategies through an active, fundamentals-based, value-oriented process. The firm seeks to identify potential investments that trade at significant discounts to their intrinsic value. For strategies that permit short positions, Kopernik seeks to short securities of companies that they believe are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values. Kopernik typically invests in equity securities, with large, mid or small capitalizations, but may invest in other securities such as bonds, commodities, currencies, derivatives and other financial instruments. The firm may invest in securities of companies in developed global markets, as well as emerging and frontier markets. Kopernik's investment strategies include: Global All-Cap Equity, Global Unconstrained, Global Real Asset, and International.

Recent Transactions
Details Hidden

Sumeru Gold BV purchases Altynalmas Gold Ltd. from Turquoise Hill Resources Ltd.

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China National Gold Group Corp. purchases China Gold International Resources Corp. Ltd. from Turquoise Hill Resources Ltd.

Details Hidden

Rio Tinto Plc purchases Turquoise Hill Resources Ltd.

Transaction Advisors
Accountant

Advised onTurquoise Hill Resources Ltd. purchases ABM Mining Ltd.

Investment Advisor

Advised onShanxi Donghui Coal Coking & Chemicals Group Co. Ltd. purchases Chinova Resources Pty Ltd. from Rio Tinto Plc

Legal Advisor

Advised onNovel Sunrise Investments Ltd. purchases SouthGobi Resources Ltd.

Legal Advisor

Advised onSumeru Gold BV purchases Altynalmas Gold Ltd. from Turquoise Hill Resources Ltd.

Legal Advisor

Advised onSumeru Gold BV purchases Altynalmas Gold Ltd. from Turquoise Hill Resources Ltd.

Legal Advisor

Advised onSumeru Gold BV purchases Altynalmas Gold Ltd. from Turquoise Hill Resources Ltd.

Advisors & Consultants
Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Counsel at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Advisor

Chief Operating Officer at Alacer Gold Corp.

Clients

Sandstorm Gold finances gold mining projects through an arrangement called gold streaming. A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost. To give an example, one of Sandstorm’s gold streaming agreements is with a company called Mutiny Gold (ASX-MYG). Mutiny needed capital for the development of its Deflector project in Western Australia. Sandstorm provided US$38 million to Mutiny as an upfront cash payment and in return, received a gold streaming agreement to purchase 15% of the life of mine gold produced from Deflector at US$500 per ounce.

Key Stats and Financials As of 2018
Market Capitalization
$1.27B
Total Enterprise Value
$6.81B
Earnings Per Share
$0.26
Revenue
$1.57B
Net Profit
$533M
EBITDA
$503M
EBITDAMargin
32%
Total Debt
$5.72B
Total Equity
$11.5B
Enterprise Value Sales
4.34x
Enterprise Value EBITDAOperating
13.55x
TEVNet Income
12.79x
Debt TEV
0.84x
Three Year Compounded Annual Growth Rate Of Revenue
-9.09%
Five Year Compounded Annual Growth Rate Of Revenue
69.15%
Non-Profit Donations & Grants
Suppliers
Inner Mongolia Power (Group) Co., Ltd. Alternative Energy | Hohhot, MO

Inner Mongolia Power (Group) Co., Ltd. is an independent provincial power grid company in China. It offers power generation, power grid construction, operation & distribution. The company is headquartered in Inner Mongolia, China.

Government of Mongolia Government | Ulaanbaatar, UB

Sandstorm Gold Ltd. Consumer Finance | Vancouver, BC

Sandstorm Gold finances gold mining projects through an arrangement called gold streaming. A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost. To give an example, one of Sandstorm’s gold streaming agreements is with a company called Mutiny Gold (ASX-MYG). Mutiny needed capital for the development of its Deflector project in Western Australia. Sandstorm provided US$38 million to Mutiny as an upfront cash payment and in return, received a gold streaming agreement to purchase 15% of the life of mine gold produced from Deflector at US$500 per ounce.

Competitors
Freeport-McMoRan, Inc. Metal Manufacturing & Products - PHOENIX, AZ

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

KAZ Minerals Plc Non-Energy Mining & Minerals - London, LO

Established in 1930 and focused on copper production, Kazakhmys PLC is among the world's leading natural resources groups. We are based primarily in Kazakhstan, Central Asia, listed in London, Kazakhstan and Hong Kong. Our operations are fully integrated. This not only gives us complete control of every stage of the copper production process. It ensures we are one of the world's lowest-cost copper producers with the flexibility to serve many different customers. Our location in Kazakhstan also means we are ideally positioned to meet the demands of the world's largest markets. Delivering growth and value We plan to increase our production by more than 50% in the next 3 years. At every step, we aim to deliver value, not volume. We are achieving this through an optimisation programme that maximises productivity and efficiency across our operations. Respecting our people and communities Kazakhmys is one of Kazakhstan's largest companies and contributors to the country's society. With this economic strength comes a corporate responsibility to protect and respect our employees and their families. It is all part of our commitment to those that matter most: our people and the communities in which we operate. Focused on Copper The demand for copper is growing. Copper is one of the key metals of modern economic development, found in nearly every new apartment or office block, vehicle and electrical appliance. It is one of the best heat and electricity conductors, is resistant to corrosion and is present in various alloys. Supply remains constrained, and the outlook for copper is positive. Understanding our business Kazakhmys is the largest copper producer in Kazakhstan and one of the leading global copper producers. We have a market capitalisation of $6,6 billion as at 31 December 2012. Kazakhmys listed in London in October 2005 and our shares can be traded in London, Hong Kong and Almaty. We have a 26% holding in ENRC, another London listed mining company. The holding has a market value of $1,546 million as at 31 December 2012 and contributed $548 million to Group EBITDA.

HudBay Minerals, Inc. Non-Energy Mining & Minerals - Toronto, ON

HudBay Minerals, Inc. operates as a mining company, which engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production, and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.

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