Turquoise Hill Resources Ltd (TRQ)
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Turquoise Hill Resources Ltd Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 21,987 | $361,686.15 | $690,611.67 | $328,925.52 | 90.94% |
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Turquoise Hill Resources Ltd Profile
| Metals & Mining Industry | Materials Sector | Ulf Quellmann CEO | NYSE Exchange | 900435207 CUSIP |
| CA Country | 3,478 Employees | - Last Dividend | 26 Oct 2020 Last Split | - IPO Date |
Overview
Turquoise Hill Resources Ltd., along with its various subsidiary companies, is a prominent entity in the mining sector. Specializing in the exploration and identification of valuable deposits of copper, gold, and silver, the company is actively engaged in the management and development of its flagship project, the Oyu Tolgoi copper-gold mine. This mine is strategically located in Southern Mongolia and plays a cornerstone role in the company’s operations. Turquoise Hill was incorporated in 1994 and is headquartered in Montreal, Canada. Originally known as Ivanhoe Mines Ltd., the firm rebranded as Turquoise Hill Resources Ltd. in August 2012. Furthermore, it functions as a significant subsidiary of the larger Rio Tinto Group, indicating its vital connection to a global leader in the natural resources sector.
Products and Services
- Mineral Exploration
Turquoise Hill engages in extensive mineral exploration activities to identify and evaluate high-potential deposits of copper, gold, and silver. This crucial service involves geological studies, drilling programs, and sampling processes designed to pinpoint areas rich in mineral resources.
- Mine Development and Management
The company is specifically focused on the ongoing management and further development of the Oyu Tolgoi mine. This includes oversight of daily operations, optimizing production processes, and implementing best practices to enhance efficiency and sustainability in mining operations.
- Environmental Management
Turquoise Hill prioritizes environmental sustainability in its operations, ensuring that mining activities are conducted in a manner that minimizes ecological impact. This service encompasses waste management, water management, and rehabilitation of mining sites to restore them post-extraction.
- Community Engagement
Active community engagement is a crucial aspect of Turquoise Hill's operations. The company works collaboratively with local communities to promote economic development, ensure equitable distribution of benefits, and maintain transparent communication regarding mining activities and their social impacts.
- Strategic Partnerships
As part of its operational model, Turquoise Hill forms strategic partnerships with various stakeholders, including government entities and other industry players. These collaborations are aimed at enhancing resource sharing, technology transfer, and securing investments that support mining operations.
