Turquoise Hill Resources Ltd.

Turquoise Hill Resources Ltd.

Turquoise Hill Resources Ltd.

Overview
Date Founded

1994

Headquarters

200 Granville Street,Suite 354,Vancouver, BC V6C 1S4

Type of Company

Public

Employees (Worldwide)

2,674

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.

Executives & Employees

Chief Executive & Financial Officer

Secretary & General Counsel

Vice President, Operations & Development

Chief Executive Officer

Head-Investor & Media Relations

Executive Vice President

Board of Directors

Former Chief Financial Officer at Bank of Montreal

Chairman at Thundermin Resources, Inc.

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

Senior Manager, Capital Planning & MD of Vauxhall Master Hire at General Motors Company

Chief Advisor, Surface Mining & Geosciences at Rio Tinto Plc

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Owners & Shareholders
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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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Pentwater Capital Management 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. Pentwater 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. Pentwater 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, Pentwater 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. Pentwater invests within and outside of the US, as well as in issuers in various stages of financial distress.

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Capital Growth Management (GCM) provides investment advisory services to registered investment companies and one private fund, the Wayfarer Fund. All services are furnished on a continuous basis, taking into account the individual needs of each client based on the client's stated investment objectives. Advice is limited to equity and fixed income securities with particular emphasis on growth stocks. CGM generally invests in equity securities traded on U.S. exchanges and may also invest in fixed income securities. Equity securities may include ADRs. The firm may also engage in short selling for one of their mutual fund clients and the Wayfarer Fund.

Recent Transactions
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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.

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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 2017
Market Capitalization
$7.75B
Total Enterprise Value
$10.9B
Earnings Per Share
$0.12
Revenue
$1.22B
Net Profit
$235M
EBITDA
$341M
EBITDAMargin
27.97%
Total Debt
$5.21B
Total Equity
$10B
Enterprise Value Sales
8.95x
Enterprise Value EBITDAOperating
31.99x
TEVNet Income
46.39x
Debt TEV
0.48x
Three Year Compounded Annual Growth Rate Of Revenue
-12.42%
Five Year Compounded Annual Growth Rate Of Revenue
55.6%
Non-Profit Donations & Grants
Suppliers
Rio Tinto Plc Power & Utilities | London, GL

Rio Tinto Plc is engaged in the business of exploring, mining and processing of mineral resources. It operates through five product groups: Aluminium, Copper, Diamonds and Minerals, Energy and Iron Ore. The Aluminium product group produces bauxite, alumina and primary aluminum production. The Copper product group produces copper, with valuable by products of gold, molybdenum, silver and nickel. The Diamonds & Minerals product group is engaged in mining, refining and marketing operations across three sectors. The Energy product group includes thermal coal, coking coal and uranium. The Iron ore product group supplies the global seaborne iron ore trade. Rio Tinto was founded on March 30, 1962 and is headquartered in London, the United Kingdom.

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.

Rio Tinto Ltd. Non-Energy Mining & Minerals | Melbourne, VI

Rio Tinto Ltd. engages in finding, mining, and processing of mineral resources. It operates through the following segments: Iron Ore, Aluminium, Copper and Diamonds, Energy and Minerals, and Other Operations.The Copper and Diamonds segment produces gold, silver, molybdenum, and by-products. The Energy and Minerals segment offers uranium, borates, salt and titanium dioxide feedstock together with coal operations. The company was founded on December 17, 1959 and is headquartered in Melbourne, Australia.