[ TRANSACTION RECORD ]

Rio Tinto Investment in Turquoise Hill Resources — 2022

VERIFIED VECTOR ID: 001506 · tx-034
M SOURCE NODE — FUNDER
Rio Tinto
Mining United Kingdom
$3,300,000,000
EQUITY
16/12/2022
Q DESTINATION NODE — RECIPIENT
Turquoise Hill Resources
Company Canada
Amount (USD)
$3.3B
Flow Type
EQUITY
Transaction Date
16/12/2022
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Rio Tinto
AUM 120000
HQ Location United Kingdom
Sector Mining
Recipient Profile [ Q ]
Entity Turquoise Hill Resources
Entity Type Company
Jurisdiction Canada
Intelligence Note

Rio Tinto completed the 3.3 billion dollar acquisition of Turquoise Hill Resources to simplify its ownership of the Oyu Tolgoi mine in Mongolia. The transaction provides Rio Tinto with direct control over one of the world’s largest copper-gold deposits. This deal is a major strategic consolidation in the global mining and metals industry.

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Primary Forensic Source https://www.riotinto.com/news/releases/2022/Rio-Tinto-completes-acquisition-of-Turquoise-Hill/
✓ SOURCE LINKED