Turquoise Hill Resources (NYSE, NASDAQ & TSX: IVN), formerly Ivanhoe Mines, is an international mining company focused on copper, gold and coal mines in the Asia Pacific region. The company’s primary operation is its 66% interest in the Oyu Tolgoi copper-gold-silver mine development in southern Mongolia, which is expected to begin commercial production in the first half of 2013. Other assets include a 58% interest in Mongolian coal miner SouthGobi Resources (TSX: SGQ; HK: 1878); a 59% interest in copper-gold miner Ivanhoe Australia (ASX, TSX: IVA), which is also developing a molybdenum-rhenium mine; and a 50% interest in Altynalmas Gold, a private company developing the Kyzyl Gold Project in Kazakhstan.
The company changed its name from Ivanoe Mines to Turquoise Hill Resources in August 2012 as part of its MOU with Rio Tinto to fund the copper-gold project through to production (Source: Turquoise Hill).