Acquiring Company
Rio Tinto
Acquired Company
Turquoise Hill Resources
LondonManufacturingMiningMineralMining TechnologyData MiningFinancial ServicesDescription
Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd (TSX: TRQ) (NYSE: TRQ) (“Turquoise Hill”) for a consideration of approximately $3.1 billion1, simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto’s copper portfolio, and demonstrating its long-term commitment to the project and Mongolia.
Quick answer
Rio Tinto is acquiring Turquoise Hill Resources, announced December 16, 2022. Rio Tinto is based in London, England, United Kingdom.
- How much did Rio Tinto pay for Turquoise Hill Resources?
- The deal value was not disclosed.
- What does Rio Tinto do?
- Rio Tinto Limited is a leading global mining and metals company, producing materials essential for human progress.
- Where are Rio Tinto and Turquoise Hill Resources based?
- Rio Tinto is based in London, England, United Kingdom.
- Who are the decision-makers at Rio Tinto?
- Fundz holds 1 contact at Rio Tinto. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Turquoise Hill Resources?
Turquoise Hill Resources was acquired by Rio Tinto, based in London. The deal was reported on December 16, 2022. Rio Tinto Limited is a leading global mining and metals company, producing materials essential for human progress. The company is committed to sustainable and responsible mining practices. Rio Tinto is publicly traded (RIO) and operates in Manufacturing.
When did Rio Tinto acquire Turquoise Hill Resources?
Rio Tinto's acquisition of Turquoise Hill Resources was reported on December 16, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Turquoise Hill Resources do?
It is privately held, operating in Financial Services.
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