TURQUOISE HILL RESOURCES LTD. Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name | Turquoise Hill Resources Ltd. | |||||
Reporting Year | From | 1/1/2020 | To: | 12/31/2020 | Date submitted | 5/19/2021 |
Reporting Entity ESTMA Identification Number | E004020 | Original Submission | ||||
Amended Report | ||||||
Other Subsidiaries Included | ||||||
(optional field) | ||||||
Not Consolidated | ||||||
Not Substituted | ||||||
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity | Luke Colton | Date | 5/17/2021 |
Position Title | Chief Financial Officer |
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/1/2020 | To: | 12/31/2020 | |||||||||
Reporting Entity Name | Turquoise Hill Resources Ltd. | Currency of the Report | USD | ||||||||||
Reporting Entity ESTMA | E004020 | ||||||||||||
Identification Number | |||||||||||||
Subsidiary Reporting Entities (if | |||||||||||||
necessary) | |||||||||||||
Payments by Payee | |||||||||||||
Departments, Agency, etc… | Infrastructure | Total Amount paid to | |||||||||||
Country | Payee Name1 | within Payee that Received | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Notes34 | ||||
Payments2 | Improvement Payments | Payee | |||||||||||
Mongolia | National Government of | Mongolian Tax Administration | 69,430,000 | 220,000 | 69,650,000 | ||||||||
Mongolia | |||||||||||||
Mongolia | Ulaanbaatar City | 1,620,000 | 1,620,000 | ||||||||||
Mongolia | Khanbogd Sum | 350,000 | 350,000 | ||||||||||
Mongolia | Umnigobi Aimag | 7,520,000 | 5,400,000 | 12,920,000 | |||||||||
Gobi Oyu Development | "Bonuses" include amounts paid | ||||||||||||
Mongolia | 5,270,000 | 5,270,000 under Oyu Tolgoi LLC's Communities | |||||||||||
Support Fund | |||||||||||||
Co-operation Agreement. | |||||||||||||
Additional Notes: | Taxes, royalties, fees and bonuses have been translated from Mongolian currency ("MNT") into USD by converting payments at the exchange rate existing at the time the payment was made. Effective conversion rates for the total of payments are as follows: | ||||||||||||
Taxes: 2,820 MNT/USD; Royalties: 2,817 MNT/USD; Fees: 2,818 MNT/USD; Bonuses 2,771 MNT/USD | |||||||||||||
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/1/2020 | To: | Ltd. | 12/31/2020 | USD | |||||
Reporting Entity Name | Turquoise Hill Resources | Currency of the Report | |||||||||
Reporting Entity ESTMA | E004020 | ||||||||||
Identification Number | |||||||||||
Subsidiary Reporting Entities (if | |||||||||||
necessary) | |||||||||||
Payments by Project | |||||||||||
Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure | Total Amount paid by | Notes23 | |
Improvement Payments | Project | ||||||||||
"Bonuses" include amounts paid | |||||||||||
Mongolia | Oyu Tolgoi | 7,520,000 | 69,430,000 | 7,590,000 | 5,270,000 | 89,810,000 under Oyu Tolgoi LLC's Communities | |||||
Co-operation Agreement. |
Additional Notes3: | Taxes, royalties, fees and bonuses have been translated from Mongolian currency ("MNT") into USD by converting payments at the exchange rate existing at the time the payment was made. Effective conversion rates for the total of payments are as follows: |
Taxes: 2,820 MNT/USD; Royalties: 2,817 MNT/USD; Fees: 2,818 MNT/USD; Bonuses 2,771 MNT/USD | |
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Turquoise Hill Resources Ltd. published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 17:33:03 UTC.
