Turquoise Hill Resources Ltd. operates as an international mining company.
Oyu Tolgoi
The company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia, which is the company’s principal and only material mineral resource property. Oyu Tolgoi is held through a 66% interest in Oyu Tolgoi LLC (the company’s subsidiary) and the remaining 34% interest is held by Erdenes (either Erdenes MGL LLC or Erdenes Oyu Tolgoi LLC).
The Oyu Tolgoi project is...
Turquoise Hill Resources Ltd. operates as an international mining company.
Oyu Tolgoi
The company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in southern Mongolia, which is the company’s principal and only material mineral resource property. Oyu Tolgoi is held through a 66% interest in Oyu Tolgoi LLC (the company’s subsidiary) and the remaining 34% interest is held by Erdenes (either Erdenes MGL LLC or Erdenes Oyu Tolgoi LLC).
The Oyu Tolgoi project is located in the South Gobi region of Mongolia, approximately 550 kilometer (km) by road south of the capital, Ulaanbaatar. The Project is being developed by Oyu Tolgoi LLC and consists of a series of deposits containing copper, gold, and silver.
The Oyu Tolgoi project area comprises five mining licences held by Oyu Tolgoi LLC and Entree LLC, a subsidiary of Entree Resources Ltd. The mining licences provide rights to the holders to explore, develop mining infrastructure, and conduct mining operations at Oyu Tolgoi. Oyu Tolgoi LLC owns 100% of three licences; MV-006708 (the Manakht Licence), MV-006709 (the Oyu Tolgoi Licence), and MV-006710 (the Khukh Khad Licence) while legal title to MV-015226 (the Shivee Tolgoi Licence) and MV-015225 (the Javkhlant Licence) is held by Entree LLC.
The Oyu Tolgoi deposits contain estimated Proven and Probable Mineral Reserves of 10.3 million tonnes (Mt) of contained copper and 11.5 million troy ounces (Moz) of contained gold.
Other Projects
The company, through its wholly owned subsidiaries, Asia Gold Mongolia LLC, Heruga Exploration LLC, and SGLS LLC, operates an exploration programme in Mongolia on licences that are not part of Oyu Tolgoi. In early 2021, Heruga Exploration LLC acquired a new exploration licence named Khatavch. With the addition of this licence, the company has three exploration licences in the South Gobi region of Mongolia, totalling 19,441 hectares (ha).
All the company’s three licences are located within the Gurvansaikhan island arc tectonic terrain. This belt is predominantly consisted of Devonian to Carboniferous magmatic formations, which host known porphyry copper deposits e.g., Oyu Tolgoi, Tsagaan Suvarga, and Kharmagtai.
History
The company was founded in 1994. It was incorporated under the Company Act (British Columbia) in 1994. The company 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.