10% holder buying at Turquoise Hill Resources (TRQ)

10% holder buying at Turquoise Hill Resources (T:TRQ)

Matthew Charles Halbower, a 10% Holder, acquired 73,000 Common Shares on a control or direction basis for registered holder Various funds and accounts managed by Pentwater Capital Management LP or its affiliates at a price of $40.714 on September 19th, 2022. The insider also acquired 65,000 Common Shares on a control or direction basis for registered holder Various funds and accounts managed by Pentwater Capital Management LP or its affiliates at a price of $30.706USD on September 19th, 2022. This represents a $5,624,220 investment into the company's shares and an account share holdings change of 0.5%.

Turquoise Hill Resources is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Turquoise Hill Resources Ltd. is a Canada-based international mining company. The Company is focused principally on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia. The Company operates through one segment: Oyu Tolgoi. The Oyu Tolgoi is a new copper-gold mine and is located in the South Gobi region of Mongolia, approximately 550 kilometers (km) south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The Company's Oyu Tolgoi has five mineralized deposits, which include the Oyut deposit, Hugo North (Lift One) Hugo North (Lift Two), Hugo South, and Heruga. The Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC; the remaining 34% interest is held by Erdenes Oyu Tolgoi LLC.