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Form SC 13E3 TURQUOISE HILL RESOURCES Filed by: TURQUOISE HILL RESOURCES LTD.

September 29, 2022 5:36 PM EDT

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13E-3

RULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

Turquoise Hill Resources Ltd.

(Name of the Issuer)

 

 

Turquoise Hill Resources Ltd.

Rio Tinto plc

Rio Tinto International Holdings Limited

7999674 Canada Inc.

46117 Yukon Inc.

535630 Yukon Inc.

(Names of Persons Filing Statement)

Common Shares, without par value

(Title of Class of Securities)

900435108

(CUSIP Number of Class of Securities)

 

 

 

Dustin Isaacs

Turquoise Hill Resources Ltd.

Suite 3680 – 1 Place Ville Marie,

Montreal, Quebec H3B 3P2,

Canada,

+1 514-848-1567

 

Steven Allen

Company Secretary

Rio Tinto plc

6 St James’s Square

London SW1Y 4AD

United Kingdom

+44 (0) 20 7781 2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

With copies to

 

Adam Givertz

Ian Hazlett

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, New York 10019

+1 212-373-3000

 

Alex Moore

Blake, Cassels & Graydon LLP

199 Bay St., Suite 4000

Toronto, Ontario M5L 1A9

+1 416-863-2400

 

Steve Malas

Norton Rose Fulbright Canada LLP

1 Place Ville Marie

Montreal, Quebec H3B 1R1

+1 514-847-4747

  

Shea Small

McCarthy Tétrault LLP

Box 48, Suite 5300

TD Bank Tower

Toronto, Ontario M5K 1E6

+1 416-362-1812

  

Scott Miller

Sullivan & Cromwell LLP

125 Broad Street

New York, New York 10004

+1 212-558-4000

This statement is filed in connection with (check the appropriate box):

 

a. 

    The filing of solicitation materials or an information statement subject to Regulation 14A (§§240.14a-1 through 240.14b-2), Regulation 14C (§§240.14c-1 through 240.14c-101) or Rule 13e-3(c) (§240.13e-3(c)) under the Securities Exchange Act of 1934 (“the Act”).

b. 

    The filing of a registration statement under the Securities Act of 1933.

c. 

    A tender offer.

d. 

    None of the above.

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies:  ☐

Check the following box if the filing is a final amendment reporting the results of the transaction:  ☐

 

 

 


INTRODUCTION

This Rule 13E-3 Transaction Statement on Schedule 13E-3, together with the exhibits hereto (this “Schedule 13E-3” or “Transaction Statement”), is being filed with the Securities and Exchange Commission (the “SEC”) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated thereunder, the “Exchange Act”), jointly by the following persons (each, a “Filing Person,” and collectively, the “Filing Persons”): (i) Turquoise Hill Resources Ltd. (formerly Ivanhoe Mines Ltd.), a corporation continued under the laws of Yukon, Canada and the issuer of the common shares, no par value (the “Shares”) that is subject to the Rule 13e-3 transaction (“Turquoise Hill” or the “Corporation”); (ii) Rio Tinto plc, a public limited company incorporated under the laws of England and Wales (the “Parent”); (iii) Rio Tinto International Holdings Limited, a company incorporated under the laws of England and Wales (“RTIH” or the “Purchaser”); (iv) 7999674 Canada Inc., a company incorporated under the federal laws of Canada (“7999674 Inc.”); (v) 46117 Yukon Inc., a company incorporated under the laws of Yukon, Canada (“46117 Inc.”); and (vi) 535630 Yukon Inc., a company incorporated under the laws of Yukon, Canada (“535630 Inc.” and, together with the Parent, the Purchaser, 7999674 Inc. and 46117 Inc., the “Rio Tinto Filers”).

On September 5, 2022 the Corporation, the Purchaser and the Parent entered into an Arrangement Agreement (as amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Arrangement Agreement”), which provides for, among other things, the acquisition by the Purchaser, a wholly owned subsidiary of the Parent, of all of the issued and outstanding Shares of the Corporation that the Parent or its affiliates do not directly or indirectly own (the “Minority Shares”) through a Plan of Arrangement (the “Plan of Arrangement”) pursuant to Section 195 of the Business Corporations Act (Yukon) (“YBCA”), pursuant to which the Corporation would become an indirectly wholly owned subsidiary of the Parent (the “Arrangement”). A copy of the Plan of Arrangement is included as Appendix B to the Management Proxy Circular, which is attached as Exhibit (a)(2)(i) hereto (the “Circular”). A special meeting of the Corporation’s shareholders has been called for November 1, 2022 (the “Meeting”) to consider and, if thought advisable, pass a special resolution approving the Arrangement in the form attached as Appendix A to the Circular (the “Arrangement Resolution”). Capitalized terms used but not expressly defined in this Schedule 13E-3 are given the respective meanings given to them in the Circular.

The Circular is being provided to the Corporation’s shareholders (the “Shareholders”) pursuant to applicable Canadian law. In order to become effective, the Arrangement must be approved by (i) at least two-thirds (6623%) of the votes cast by Shareholders present or represented by proxy at the Meeting, voting as a single class, and (ii) a simple majority (more than 50%) of the votes cast by Shareholders present or represented by proxy at the Meeting, excluding, for the purposes of (ii), the votes attached to the Excluded Shares and the Shares held by any other Shareholders required to be excluded under MI 61-101.

Under the terms of the Plan of Arrangement, each outstanding Share, other than (i) Shares beneficially owned by the Purchaser, the Parent or any of their respective affiliates and (ii) Shares with respect to which a Shareholder has duly and validly exercised Dissent Rights, shall, without any further action by or on behalf of a holder of such Shares, be deemed to be assigned and transferred by the holder thereof to the Purchaser in exchange for C$43.00 in cash for each Share held.

The Arrangement remains subject to the satisfaction or waiver of the conditions set forth in the Arrangement Agreement, including the approval and adoption of the Arrangement Resolution by the Shareholders and the grant of the Final Order by the Supreme Court of Yukon approving the Arrangement.

The cross-references below are being supplied pursuant to General Instruction F to Schedule 13E-3 and show the location in the Circular of the information required to be included in response to the items of Schedule 13E-3. Pursuant to General Instruction F to Schedule 13E-3, the information contained in the Circular, including all appendices thereto, is incorporated herein by reference, in its entirety and the responses to each item in this Schedule 13E-3 are qualified in their entirety by the information contained in the Circular and the appendices thereto.

 

-1-


A special committee of the Board of Directors of the Corporation (the “Board of Directors” or the “Board”) consisting entirely of independent directors (the “Special Committee”), conducted, with the assistance of its financial and legal advisors, a review of the Corporation’s operations and financing needs and alternatives available to the Corporation and obtained an independent valuation of the Shares. Following this process, and after careful consideration, the Special Committee unanimously determined that the Arrangement is in the best interests of the Corporation and fair to the holders of Minority Shares (the “Minority Shareholders”) and unanimously recommended that the Board of Directors determine that the Arrangement is in the best interests of the Corporation and fair to Minority Shareholders and that the Minority Shareholders vote in favor of the Arrangement Resolution.

On the unanimous recommendation of the Special Committee, the Board, with Alfred P. Grigg and Stephen Jones (being the two directors on the Board employed by the Parent) having recused themselves, unanimously determined that the Arrangement is in the best interests of the Corporation and fair to Minority Shareholders and recommended that the Minority Shareholders vote in favor of the Arrangement.

All information concerning the Corporation contained in, or incorporated by reference into this Schedule 13E-3 and the Circular was supplied by the Corporation. Similarly, all information concerning each other Filing Person contained in, or incorporated by reference into this Schedule 13E-3 and the Circular was supplied by such Filing Person. No Filing Person, including the Corporation, is responsible for the accuracy or completeness of any information supplied by any other Filing Person.

 

-2-


Item 1. Summary Term Sheet

The information set forth in the Circular under following captions is incorporated herein by reference:

Summary of Arrangement

Questions and Answers About the Meeting and the Arrangement

Item 2. Subject Company Information

(a) Name and Address.

The name of the subject company is Turquoise Hill Resources Ltd. The address and telephone number of the subject company’s principal executive offices are as follows:

1 Place Ville Marie, Suite 3680

Montreal, QC

Canada

H3B 3P2

(514) 848-1567

The information set forth in the Circular under the caption “Information Concerning Turquoise Hill – General” is incorporated herein by reference.

(b) Securities.

The subject class of equity securities is common shares, no par value, of the Corporation. The information set forth in the Circular under following captions is incorporated herein by reference:

Information Concerning the Meeting and Voting – Voting Shares

The Arrangement

The Arrangement – Shareholder Approval of the Arrangement

Information Concerning Turquoise Hill – Description of Share Capital

(c) Trading Market and Price. The information set forth in the Circular under the following captions in incorporated herein by reference

Special Factors – Certain Effects of the Arrangement

Information Concerning Turquoise Hill – Trading in Shares

Arrangement Agreement – Covenants – TSX and NYSE Delisting

Certain Legal Matters – Securities Law Matters – Stock Exchange Delisting and Reporting Issuer Status

Certain Canadian Federal Income Tax Considerations – Holders Not Resident in Canada – Taxable Canadian Property

(d) Dividends. The information set forth in the Circular under the caption “Information Concerning Turquoise Hill – Dividend Policy” is incorporated herein by reference.

(e) Prior Public Offerings.

Not applicable.


(f) Prior Stock Purchases. The information set forth in the Circular under the caption “Information Concerning Turquoise Hill – Previous Purchases and Sales” is incorporated herein by reference.

Item 3. Identity and Background of Filing Person

(a)  (c) Name and Address; Business and Background of Entities; Business and Background of Natural Persons.

Turquoise Hill Resources Ltd. is the subject company. The name, business address, present principal occupation or employment, material occupations or employment in the past five years, and citizenship of each director and executive officer of Turquoise Hill Resources Ltd. are set forth in Schedule A hereto and are incorporated by reference herein. During the last five years, none of Turquoise Hill Resources Ltd. nor, to the best of its knowledge, any of the persons listed in Schedule A hereto has been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

7999674 Inc. is a wholly owned subsidiary of the Parent and is not engaged in any activities except for the holding of Shares. 46117 Inc. is a wholly owned subsidiary of the Parent and is not engaged in any activities except for the holding of Shares. 535630 Inc. is a wholly owned subsidiary of the Parent and is not engaged in any activities except for the holding of Shares. The principal executive office of 7999674 Inc. is located at 400-1190 Ave. Des Canadiens-De-Montreal, Montreal, H3B 0E3, Canada. The telephone number of 7999674 Inc.’s head office is 514-848-8000. The principal executive office of 46117 Inc. is located at 200 – 204 Lambert Street, Whitehorse, YT Y1A 3T2, Canada. The telephone number of 46117 Inc.’s head office is 514-848-8000. The principal executive office of 535630 Inc. is located at 200 – 204 Lambert Street, Whitehorse, YT Y1A 3T2, Canada. The telephone number of 535630 Inc.’s head office is 514-848-8000. The telephone number of the Parent’s head office is +44 20 7781 2000. The telephone number of the Purchaser’s head office is +61 3 9283 3333.

The name, business address, present principal occupation or employment, material occupations or employment in the past five years, and citizenship of each of the executive officers and directors of each of the Rio Tinto Filers are set forth in Schedule B hereto and are incorporated by reference herein. During the last five years, none of the Rio Tinto Filers nor, to the best of their knowledge, any of the persons listed in Schedule B hereto has been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Parties to the Arrangement – Turquoise Hill

Summary of Arrangement – Parties to the Arrangement – Rio Tinto plc and the Purchaser

Information Concerning the Purchaser and Rio Tinto plc

Information Concerning Turquoise Hill – General

Information Concerning Turquoise Hill – Ownership of Securities

Information Concerning Turquoise Hill – Executive Officers and Directors

Item 4. Terms of the Transaction

(a)(1) Tender Offers.

Not applicable.

(a)(2) Mergers or Similar Transactions. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement – Questions Relating to the Arrangement

Summary of Arrangement – Summary of the Arrangement

Summary of Arrangement – Purpose of the Meeting

Summary of Arrangement – Recommendation of the Special Committee”

Summary of Arrangement – Recommendation of the Board


Summary of Arrangement – Reasons for the Recommendation

Summary of Arrangement – Rio Tinto’s Purpose and Reasons for the Arrangement

Summary of Arrangement – Required Shareholder Approvals

Summary of Arrangement – MI 61-101 Requirements

Summary of Arrangement – Procedural Safeguards for Shareholders

Summary of Arrangement – Certain Canadian Federal Income Tax Considerations

Summary of Arrangement – Certain United States Federal Income Tax Considerations

Special Factors – Background to the Arrangement

Special Factors – Turquoise Hill’s Purposes and Reasons for the Arrangement

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Consideration Payable to Minority Shareholders

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Procedural Safeguards and Fairness

Special Factors – Recommendation of the Special Committee

Special Factors – Recommendation of the Board

Special Factors – Formal Valuation and TD Fairness Opinion

Special Factors – Fairness Opinions of BMO Capital Markets

Special Factors – Rio Tinto’s Purposes and Reasons for the Arrangement

Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement

Special Factors – Certain Effects of the Arrangement

Information Concerning the Meeting and Voting – Voting Shares

The Arrangement – Overview

The Arrangement – Shareholder Approval of the Arrangement

The Arrangement – Implementation of the Arrangement

The Arrangement – Payment of Consideration

The Arrangement – Accounting Treatment of the Arrangement

Arrangement Agreement – Covenants –TSX and NYSE Delisting

Information Concerning Turquoise Hill – Ownership of Securities – Situation Following the Completion of the Arrangement

Risk Factors – Risks Related to the Arrangement – Rights of Former Minority Shareholders after the Arrangement

Risk Factors – Risks Related to the Arrangement – The Resulting Tax Payable by Most Shareholders

Certain Canadian Federal Income Tax Considerations

Certain United States Federal Income Tax Considerations


(c) Different Terms. The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Rio Tinto’s Purpose and Reasons for the Arrangement

Summary of Arrangement – Position of Rio Tinto as to the Fairness of the Arrangement

Summary of Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Special Factors – Certain Effects of the Arrangement – Benefits of the Arrangement for Directors and Executive Officers of the Corporation

The Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Information Concerning the Purchaser and Rio Tinto plc

Risk Factors – Risks Related to the Arrangement – Interests of Certain Persons in the Arrangement

(d) Appraisal Rights. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement – Questions Relating to the Turquoise Hill Special Meeting of Shareholders

Summary of Arrangement – Implementation of the Arrangement

Summary of Arrangement – Dissent Rights

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Procedural Safeguards and Fairness

The Arrangement – Implementation of the Arrangement

Certain Canadian Federal Income Tax Considerations – Holders Resident in Canada – Dissenting Resident Holders of Shares

Certain Canadian Federal Income Tax Considerations – Holders Not Resident in Canada – Dissenting Non-Resident Holders

Certain United States Federal Income Tax Considerations – Consequences to Dissenting U.S. Shareholders

Dissenting Shareholders’ Rights

Appendix E: Interim Order

Appendix G: Section 193 of the Business Corporations Act (Yukon)

(e) Provisions for Unaffiliated Security Holders. The information set forth in the Circular under the following captions is incorporated herein by reference:

The Arrangement – Arrangements between Turquoise Hill and Security Holders

Provisions for Unaffiliated Shareholders

(f) Eligibility for Listing or Trading.

Not applicable.


Item 5. Past Contracts, Transactions, Negotiations and Agreements

(a) Transactions. The information set forth in the Circular under the following captions is incorporated herein by reference:

Special Factors – Background to the Arrangement

Information Concerning Turquoise Hill – Previous Purchases and Sales

The Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

(b)  (c) Significant Corporate Events; Negotiations or Contacts The information set forth in the Circular under the following captions is incorporated herein by reference:

Special Factors – Background to the Arrangement

Summary of Arrangement – Voting Agreements

The Arrangement – Voting Agreements

The Arrangement – Intentions of Directors and Executive Officers

The Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement – Employment Arrangements

Appendix B: Plan of Arrangement Under Section 195 of the Business Corporations Act (Yukon)

(e) Agreements Involving the Subject Company’s Securities. The information set forth in the Circular Statement under the following captions is incorporated herein by reference:

Special Factors – Background to the Arrangement

Summary of Arrangement – Voting Agreements

The Arrangement – Voting Agreements

The Arrangement – Intentions of Directors and Executive Officers

The Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Appendix B: Plan of Arrangement Under Section 195 of the Business Corporations Act (Yukon)

Item 6. Purposes of the Transaction and Plans or Proposals

(b) Use of Securities Acquired. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement

Summary of Arrangement – Rio Tinto’s Purpose and Reasons for the Arrangement

Special Factors – Certain Effects of the Arrangement – Benefits of the Arrangement for Rio Tinto

Special Factors – Certain Effects of the Arrangement – Detriments of the Arrangement for Rio Tinto


The Arrangement – Implementation of the Arrangement”

Certain Legal Matters – Implementation of the Arrangement and Timing

(c)(1)  (8) Plans. The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Stock Exchange Delisting and Reporting Issuer Status

Special Factors – Certain Effects of the Arrangement

The Arrangement – Arrangements between Turquoise Hill and Security Holders

Arrangement Agreement – Covenants – TSX and NYSE Delisting

Arrangement Agreement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Information Concerning Turquoise Hill – Material Changes in the Affairs of the Corporation

Risk Factors – Risks Related to the Arrangement – Interests of Certain Persons in the Arrangement

Certain Legal Matters – Securities Law Matters – Stock Exchange Delisting and Reporting Issuer Status

Appendix B: Plan of Arrangement Under Section 195 of the Business Corporations Act (Yukon)

Item 7. Purposes, Alternatives, Reasons and Effects

(a) Purposes. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement

Summary of Arrangement – Reasons for the Recommendation

Summary of Arrangement – Rio Tinto’s Purpose and Reasons for the Arrangement

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement

Special Factors – Background to the Arrangement

Special Factors – Turquoise Hill’s Purposes and Reasons for the Arrangement

Special Factors – Rio Tinto’s Purposes and Reasons for the Arrangement

Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement

(b) Alternatives. The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Reasons for the Recommendation

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Limited Alternatives for Sale to Third Parties

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Procedural Safeguards and Fairness

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Key Risks and Countervailing Factors Inherent in the Arrangement

Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement

(c) Reasons. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement

Summary of Arrangement – Recommendation of the Special Committee


Summary of Arrangement – Recommendation of the Board

Summary of Arrangement – Reasons for Recommendation

Summary of Arrangement – Rio Tinto’s Purpose and Reasons for the Arrangement

Summary of Arrangement – Position of Rio Tinto as to the Fairness of the Arrangement

Special Factors – Background to the Arrangement

Special Factors – Turquoise Hill’s Purposes and Reasons for the Arrangement

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement

Special Factors – Recommendation of the Special Committee

Special Factors – Recommendation of the Board

Special Factors – Rio Tinto’s Purposes and Reasons for the Arrangement

Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement

(d) Effects. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement

Summary of Arrangement – Summary of the Arrangement

Summary of Arrangement – Reasons for the Recommendation

Summary of Arrangement – Rio Tinto’s Purpose and Reasons for the Arrangement

Summary of Arrangement – Position of Rio Tinto as to the Fairness of the Arrangement

Summary of Arrangement – Implementation of the Arrangement

Summary of Arrangement – Certain Canadian Federal Income Tax Considerations

Summary of Arrangement – Certain United States Federal Income Tax Considerations

Summary of Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Summary of Arrangement – Stock Exchange Delisting and Reporting Issuer Status

Special Factors – Certain Effects of the Arrangement

The Arrangement – Implementation of the Arrangement

The Arrangement – Payment of Consideration

The Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Information Concerning Turquoise Hill – Ownership of Securities – Situation Following the Completion of the Arrangement

Arrangement Agreement – Covenants – TSX and NYSE Delisting

Certain Legal Matters – Securities Law Matters – Stock Exchange Delisting and Reporting Issuer Status

Risk Factors – Risks Related to the Arrangement – Rights of Former Minority Shareholders after the Arrangement

Risk Factors – Risks Related to the Arrangement – The Resulting Tax Payable by Most Shareholders


Certain Canadian Federal Income Tax Considerations

Certain United States Federal Income Tax Consideration

Appendix B: Plan of Arrangement under Section 195 of the Business Corporations Act (Yukon)

Item 8. Fairness of the Transaction

(a), (b) Fairness; Factors Considered in Determining Fairness. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement – Questions Relating to the Arrangement

Summary of Arrangement – Recommendation of the Special Committee

Summary of Arrangement – Recommendation of the Board

Summary of Arrangement – Reasons for the Recommendation

Summary of Arrangement – Position of Rio Tinto as to the Fairness of the Arrangement

Special Factors – Background to the Arrangement

Special Factors – Recommendation of the Special Committee

Special Factors – Recommendation of the Board

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement

Special Factors – Formal Valuation and TD Fairness Opinion

Special Factors – Fairness Opinions of BMO Capital Markets

Special Factors – Turquoise Hill’s Purposes and Reasons for the Arrangement

Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement

Appendix C: Formal Valuation and Fairness Opinion of TD Securities Inc.

Appendix D: Fairness Opinions of BMO Nesbitt Burns Inc.

(c) Approval of Security Holders. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement – Questions Relating to the Arrangement

Summary of Arrangement – Purpose of the Meeting

Summary of Arrangement – Reasons for the Recommendation

Summary of Arrangement – Position of Rio Tinto as to the Fairness of the Arrangement

Summary of Arrangement – Required Shareholder Approvals

Summary of Arrangement – MI 61-101 Requirements

Summary of Arrangement – Procedural Safeguards for Shareholders

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Procedural Safeguards and Fairness


Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement

The Arrangement – Shareholder Approval of the Arrangement

Certain Legal Matters – Securities Law Matters – Application of MI 61-101

Certain Legal Matters – Securities Law Matters – Minority Approval

(d) Unaffiliated Representative. The information set forth in the Circular under the following captions is incorporated herein by reference:

Special Factors – Background to the Arrangement

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Reasons for the Recommendation – Procedural Safeguards and Fairness

The Arrangement – Arrangements between Turquoise Hill and Security Holders

Provisions for Unaffiliated Shareholders

(e) Approval of Directors. The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Recommendation of the Board

Summary of Arrangement – Recommendation of the Special Committee

Special Factors – Recommendation of the Board

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement – Recommendation of the Special Committee

Special Factors – Turquoise Hill’s Purposes and Reasons for the Arrangement

The Arrangement – Interest of Certain Persons in the Arrangement; Benefits from the Arrangement

Risk Factors – Risks Related to the Arrangement – Interests of Certain Persons in the Arrangement

(f) Other Offers. Not applicable.

Item 9. Reports, Opinions, Appraisals and Negotiations

(a) – (c) Report, Opinion or Appraisal; Preparer and Summary of the Report, Opinion or Appraisal; Availability of Documents. The information set forth in the Circular under the following captions is incorporated herein by reference:

Questions and Answers About the Meeting and the Arrangement – Questions Relating to the Arrangement

Summary of Arrangement – Recommendation of the Special Committee

Summary of Arrangement – Recommendation of the Board

Summary of Arrangement – Reasons for the Recommendation

Summary of Arrangement – Formal Valuation and Fairness Opinions

Special Factors – Background to the Arrangement

Special Factors – Formal Valuation and TD Fairness Opinion

Special Factors – Fairness Opinions of BMO Capital Markets

Certain Legal Matters – Securities Law Matters – Formal Valuation

Information Concerning Turquoise Hill – Additional Information

Consent of TD Securities Inc.

Consent of BMO Nesbitt Burns Inc.”

Appendix C: Formal Valuation and Fairness Opinion of TD Securities Inc.

Appendix D: Fairness Opinions of BMO Nesbitt Burns Inc.


Item 10. Source and Amount of Funds or Other Consideration

(a), (b) Source of Funds; Conditions. The information set forth in the Circular under the caption “The Arrangement – Sources of Funds for the Arrangement is incorporated herein by reference.

(c) Expenses. The information set forth in the Circular under the following captions is incorporated herein by reference:

The Arrangement – Expenses of the Arrangement

Arrangement Agreement – Expense Reimbursement – Costs and Expenses

(d) Borrowed Funds. Not applicable.

Item 11. Interest in Securities of the Subject Company

(a) Securities Ownership. The information set forth in the Circular under the following captions is incorporated herein by reference:

Information Concerning the Meeting and Voting – Principal Shareholders

The Arrangement – Shareholder Approval of the Arrangement

Information Concerning Turquoise Hill – Ownership of Securities

(b) Securities Transactions. The information set forth in the Circular under the following captions is incorporated herein by reference:

Information Concerning Turquoise Hill – Previous Purchases and Sales

Information Concerning Turquoise Hill – Previous Distributions

Item 12. The Solicitation or Recommendation

(d) Intent to Tender or Vote in a Going-Private Transaction. The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Voting Agreements

The Arrangement – Voting Agreements

The Arrangement – Intentions of Directors and Executive Officers

(e) Recommendation of Others. The information set forth in the Circular under the following captions is incorporated herein by reference:

Summary of Arrangement – Recommendation of the Special Committee

Summary of Arrangement – Recommendation of the Board

Summary of Arrangement – Position of Rio Tinto as to the Fairness of the Arrangement

Special Factors – Position of Turquoise Hill as to Fairness of the Arrangement

Special Factors – Recommendation of the Special Committee

Special Factors – Recommendation of the Board

Special Factors – Position of Rio Tinto as to the Fairness of the Arrangement


Item 13. Financial Statements

(a) Financial Information. The information set forth in the Circular under the following captions is incorporated herein by reference:

Information Concerning Turquoise Hill – Selected Historical Financial Information

Information Concerning Turquoise Hill – Net Book Value

Information Concerning Turquoise Hill – Additional Information

(b) Pro Forma Information. Not applicable.

 

  (c)

Summary Information. The information set forth in the Circular under the caption ““Information Concerning Turquoise Hill – Selected Historical Financial Information” is incorporated herein by reference.

Item 14. Persons/Assets, Retained, Employed, Compensated or Used

(a) Solicitations or Recommendations. The information set forth in the Circular under the following captions is incorporated herein by reference:

Information Concerning the Meeting and Voting – Solicitation of Proxies

The Arrangement – Expenses of the Arrangement

(b) Employees and Corporate Assets. The information set forth in the Circular under the following captions is incorporated herein by reference:

Information Concerning the Meeting and Voting – Solicitation of Proxies

The Arrangement – Expenses of the Arrangement

Item 15. Additional Information

(b) Golden Parachute Compensation. Not applicable.

(c) Other Material Information. The entirety of the Circular, including all appendices thereto, is incorporated herein by reference.


Item 16. Exhibits

The following exhibits are filed herewith:

 

Exhibit
No.

 

Description

(a)(2)(i)   Management Information Circular of Turquoise Hill Resources Ltd. dated September 27, 2022
(a)(2)(ii)   Form of Proxy Card
(a)(2)(iii)   Voting Instruction Form
(a)(2)(iv)   Letter of Transmittal
(a)(2)(v)   Notice of Special Meeting of Shareholders of Turquoise Hill Resources Ltd. (incorporated herein by reference to the Circular)
(a)(2)(vi)   Letter to Shareholders of Turquoise Hill Resources Ltd. (incorporated herein by reference to the Circular)
(a)(5)(i)   Press release of Turquoise Hill Resources Ltd. dated September  5, 2022 (incorporated herein by reference to Exhibit 99.1 to the report on Form 6-K furnished to the SEC on September 6, 2022)
(a)(5)(ii)   Press release of Rio Tinto plc dated September  6, 2022 (incorporated herein by reference to Exhibit B to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on September 6, 2022)
(a)(5)(iii)   Other Shareholder Materials
(c)(i)   Formal Valuation and Fairness Opinion of TD Securities Inc. (incorporated herein by reference to Appendix C to the Circular)
(c)(ii)   Fairness Opinions of BMO Nesbitt Burns Inc. (incorporated herein by reference to Appendix D to the Circular)
(c)(iii)*   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on June 27, 2022
(c)(iv)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on July 11, 2022
(c)(v)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on July 14, 2022
(c)(vi)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on August 7, 2022
(c)(vii)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on August 8, 2022
(c)(viii)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on August 25, 2022
(c)(ix)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on August 30, 2022
(c)(x)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on August 31, 2022
(c)(xi)   Special Committee Discussion Materials Provided by BMO Nesbitt Burns Inc. to the Special Committee on September 5, 2022
(c)(xii)   Special Committee Discussion Materials Provided by TD Securities Inc. to the Special Committee on June 27, 2022


(c)(xiii)   Special Committee Discussion Materials Provided by TD Securities Inc. to the Special Committee on July 6, 2022
(c)(xiv)   Special Committee Discussion Materials Provided by TD Securities Inc. to the Special Committee on August 31, 2022
(d)(i)   Arrangement Agreement dated September  5, 2022, among Turquoise Hill Resources, Rio Tinto International Holdings Limited and Rio Tinto plc (incorporated herein by reference to Exhibit A to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on September 6, 2022)
(d)(ii)   Form of Voting Agreement entered into severally by Rio Tinto plc and Rio Tinto International Holdings Limited, on the one hand, and each of Maryse Saint-Laurent, Peter Gillen, Russel Robertson, George Burns, Caroline Donally, Steve Thibeault, Luke Colton, Jo-Anne Dudley, Dustin Isaacs and Roy McDowall, on the other hand (incorporated herein by reference to Exhibit E to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on September 6, 2022)
(e)(i)   Third Amended and Restated Heads of Agreement between Rio Tinto International Holdings Limited and Turquoise Hill Resources Ltd., dated September 5, 2022 (incorporated herein by reference to Exhibit C to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on September 6, 2022)
(e)(ii)   Early Advance Funding Agreement between Cuprum Metals Pte Ltd, Turquoise Hill Resources Ltd. and Rio Tinto International Holdings Limited, dated September 6, 2022 (incorporated herein by reference to Exhibit D to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on September 6, 2022)
(e)(iii)   Binding Term Sheet between Turquoise Hill Resources Ltd. and Rio Tinto plc through its wholly-owned subsidiary, Rio Tinto International Holdings Limited dated August 31, 2022 (incorporated herein by reference to Exhibit A to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on August 31, 2022)
(e)(iv)   Amended and Restated Heads of Agreement between Rio Tinto International Holdings Limited and Turquoise Hill Resources Ltd., dated May  18, 2022 (incorporated herein by reference to Exhibit A to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on May 19, 2022)
(e)(v)   Amended and Restated Heads of Agreement between Rio Tinto International Holdings Limited and Turquoise Hill Resources Ltd., dated January 24, 2022 (incorporated herein by reference to Exhibit A to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on January 25, 2022)
(e)(vi)   Heads of Agreement between Rio Tinto International Holdings Limited and Turquoise Hill Resources Ltd., dated April  9, 2021 (incorporated herein by reference to Exhibit A to the Rio Tinto Filers’ amended Schedule 13D filed with the SEC on April 9, 2021)
(f)(i)   Interim Order (incorporated herein by reference to Appendix E to the Circular)
(f)(ii)   Section 193 of the Yukon Business Corporation Act – Rights of Dissenting Shareholders (incorporated herein by reference to Appendix G to the Circular)
107   Filing Fee Table

 

*

Certain portions of this exhibit have been redacted and separately filed with the Securities and Exchange Commission pursuant to a request for confidential treatment.


SIGNATURES

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

TURQUOISE HILL RESOURCES LTD.
By:  

/s/ Steven Thibeault

Name: Steven Thibeault
Title:   Interim Chief Executive Officer

Date: September 29, 2022


After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

RIO TINTO PLC
By:  

/s/ Steven Allen

Name: Steven Allen
Title:   Company Secretary

Date: September 29, 2022


After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

RIO TINTO INTERNATIONAL HOLDINGS LIMITED
By:  

/s/ Steven Allen

Name: Steven Allen
Title:   Director

Date: September 29, 2022


After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

7999674 CANADA INC.
By:  

/s/ Julie Parent

Name: Julie Parent
Title:   Secretary

Date: September 29, 2022


After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

46117 YUKON INC.
By:  

/s/ Julie Parent

Name: Julie Parent
Title:   Secretary

Date: September 29, 2022


After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

535630 YUKON INC.
By:  

/s/ Julie Parent

Name: Julie Parent
Title:   Secretary

Date: September 29, 2022


SCHEDULE A

 

Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

Steve Thibeault

Canada

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Interim Chief Executive Officer    March 2021    Present
   Canada Steamship Lines (CSL) Group    747 Square Victoria Montréal, QC, H2Y 3Y9    Chief Financial Officer    April 2017    April 2020
Luke Colton
United States
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Chief Financial Officer    October 2017    Present
   Richards Bay Minerals    The Farm RBM, PO Box 401, Richards Bay 3900, South Africa    Chief Financial Officer    May 2013    October 2017
Jo-Anne Dudley
Australia
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Chief Operating Officer    June 2019    Present
   Rio Tinto Ltd.    155, Charlotte St., Brisbane, QLD, Australia, 4000    Senior Manager Resources & Strategic Mine Planning    January 2014    May 2019
Dustin Isaacs
Canada
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Chief Legal Officer and Corporate Secretary    December 2020    Present
   Turquoise Hill Resources Ltd.    1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2    Vice President, General Counsel and Corporate Secretary    April 2017    November 2020
Roy McDowall
Canada
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Vice President Investor Relations and Communications    December 2021    Present
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Head of Investor Relations & Corporate Communications    May 2019    December 2021


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

   Afrique Gold.   

Rue des Jardins, Imm. Zino - Deux-plateaux - Vallon Cocody II, Abidjan, Cote d’Ivoire

 

   Vice President Business Development    May 2018    May 2019
   BioAmber Inc.    4310-1250 René-Lévesque Blvd. W., Montréal, QC, Canada, H3B 4W8    Vice President Investor Relation & Business Developments    April 2017    May 2018
George R. Burns
Canada and United States
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director    January 2020    Present
   Eldorado Gold Corporation    550 Burrard Street, Suite 1188, Vancouver, BC, Canada, V6C 2B5    President and Chief Executive Officer    April 2017    Present
Caroline Donally
Great Britain
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director    May 2022    Present
   Sprott Asset Management Inc.   

320 Post Road, Suite 230, Darien, CT, 06820

 

   Managing Partner    October 2020    Present
   Highland Copper Company Inc.   

1111 St-Charles West
East Tower, Suite 1155
Longueuil, QC, Canada, J4K 5G4

 

   Director    December 2021    Present
   Denham Capital Management    700 Louisiana St, Houston, TX, 77002    Managing Partner    May 2011    June 2020


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

R. Peter Gillin
Canada
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director, Chair of the Board    May 2012    Present
   Wheaton Precious Metals Corp.   

1021 West Hastings Street, Suite 3500, Vancouver, BC Canada, V6E 0C3

 

   Director    October 2004    Present
   Dundee Precious Metals Inc.   

150 King Street West, Suite 902, Toronto, ON, Canada, M5H 1J9

 

   Director    December 2009    Present
   Premium Income Corporation   

121 King Street West, Suite 2600, Standard Life Centre, Toronto, ON, Canada, M5H 3T9

 

   Director and Independent Review Committee    January 2021    Present
   S Split Corp.   

121 King Street West, Suite 2600, Standard Life Centre, Toronto, ON, Canada, M5H 3T9

 

   Director and Independent Review Committee    January 2021    Present
   World Financial Split Corp.   

121 King Street West, Suite 2600, Standard Life Centre, Toronto, ON, Canada, M5H 3T9

 

   Director and Independent Review Committee    January 2021    Present
   Dundee Precious Metals Inc.   

150 King Street West, Suite 902, Toronto, ON, Canada, M5H 1J9

 

   Deputy Chair    2022    Present
   Sherritt International Inc.   

Bay Adelaide Centre, East Tower, 22 Adelaide Street West, Suite 4220, Toronto, ON, Canada, M5H 4E3

 

   Director    January 2010    June 2019
   TD Mutual Funds Corporate Class Ltd.    66 Wellington Street West, TD Bank Tower, Toronto-Dominion Centre, Toronto, ON, Canada, M5K 1G8    Director    July 2010    July 2019
Alfred P. Grigg
Australia
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director    September 2020    Present
   Rio Tinto Ltd.   

155 Charlotte Street Brisbane, QLD, 4000, Australia

 

   Acting General Manager, Energy & Joint Ventures, Aluminium    May 2021    Present
   Rio Tinto Ltd.   

155 Charlotte Street Brisbane, QLD, 4000, Australia

 

   Chief Counsel, Pacific, Aluminium & Strategic Partnerships    March 2021    Present
   Rio Tinto Ltd.    155 Charlotte Street Brisbane, QLD, 4000, Australia    Chief Counsel Aluminium    October 2013    March 2021


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

Stephen Jones
Australia
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Rio Tinto Ltd.   

152-158 St Georges Terrace, Perth WA 6000, Australia

 

  

Managing Director, Planning, Integration & Assets, Iron Ore

 

   January 2021    Present
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director    December 2017    Present
   Rio Tinto Ltd.   

155 Charlotte Street Brisbane, QLD, 4000, Australia

 

   Technical Director – Copper and Diamonds    July 2019    December 2020
   Rio Tinto Ltd.   

155 Charlotte Street Brisbane, QLD, 4000, Australia

 

   Head of Technical Review    January 2018    June 2019
   Oyu Tolgoi LLC    Monnis Tower, Chinggis Avenue 15, Sukhbaatar District - 14240, Ulaanbaatar, Mongolia    Chief Operating Officer    May 2017    December 2017
Russel C. Robertson
Canada
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director    June 2012    Present
   Bausch & Lomb   

520 Applewood Crescent, Vaughan, ON, Canada, L4K 4B4

 

   Director    May 2022    Present
   Hydro One Inc.   

483 Bay Street, South Tower, Toronto, ON, Canada, M5G 2P5

 

   Director    August 2018    Present
   Bausch Health Companies Inc    2150 St. Elzéar Blvd. West Laval, QC, Canada, H7L 4A8    Director    June 2016    Present


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

Maryse Saint-Laurent
Canada
1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2
   Turquoise Hill Resources Ltd.   

1 Place Ville Marie, Suite 3680, Montréal, QC, Canada, H3B 3P2

 

   Director    January 2017    Present
   North American Construction Group   

27287 100 Avenue, Acheson, AB, Canada
T7X 6H8

 

   Director    August 2019    Present
   ATB Financial   

10020 100 St NW, Suite 2100, Edmonton, AB, Canada, T5J 0N3

 

   Director    June 2022    Present
   Pretivm Resources Inc.   

1055 Dunsmuir Street, Suite 2300, Vancouver, BC, Canada, V7X 1L4

 

   Director    May 2021    March 2022
   Alberta Securities Commission   

250 5th St SW, Suite 600, Calgary, AB, Canada, T2P 0R4

 

   Director    July 2016    March 2022
   Guyana Goldfields Inc.    375 University Avenue
Suite 802, Toronto, ON, Canada, M5G 2J5
   Director    March 2019    August 2020


SCHEDULE B

 

Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

Dominic Barton BMM

Canada

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chairman    May 2022    Present
         Director    April 2022    May 2022
   LeapFrog Investments   

11 Bressenden Place

London SW1E 5BY

United Kington

   Non-Executive Chairman    April 2022    Present
   Government of Canada    19 Dongzhimenwai Dajie, Chaoyang District Beijing 100600, China    Ambassador to the People’s Republic of China    September 2019    December 2021
   Singtel Group    31 Exeter Road, Comcentre, Singapore    Non-Executive Director    March 2019    November 2019
   Investor AB   

Arsenalsg 8c S-103 32

Stockholm, Sweden

   Non-Executive Director    2019    November 2019
   Teck Resources Limited   

500 Burrard Street

British Columbia V6C 0B3

Canada

   Chair    2018    2019

Jakob Stausholm

Denmark

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chief Executive    2021    Present
         Executive Director and Chief Financial Officer    2018    2021


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

   A.P. Moller – Maersk   

Esplanaden 50

DK-1098 Copenhagen

Denmark

   Chief Finance, Strategy & Transformation Officer    2016    2018

Peter Cunningham

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc   

6 St James’s Square

London SW1Y 4AD
United Kingdom

   Chief Financial Officer    June 2021    Present
         Interim Chief Financial Officer    January 2021    June 2021
         Group Controller    March 2014    December 2020

Megan Clark AC

Australia

Level 43, 120 Collins Street Melbourne VIC 3000 Australia

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Company Director    2014    Present
   CSL Limited   

45 Poplar Road, Parkville.

Victoria 3052

Australia

   Director    2016    Present

Simon Henry

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    2017    Present
   Lloyds Banking Group plc   

25 Gresham Street

London EC2V 7HN

United Kingdom

   Director    June 2014    Present


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

   Harbour Energy plc   

23 Lower Belgrave Street

London SW1W 0NR

United Kingdom

   Director    March 2021    Present
   PetroChina Company Limited    5901, 59/F, Central Plaza,18 Harbour Road, Wanchai, Hong Kong    Director    June 2017    June 2022
   Royal Dutch Shell plc   

Shell Centre.

London SE1 7NA

United Kingdom

   Chief Financial Officer    2009    2017

Sam Laidlaw

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    February 2017    Present
   Neptune Energy Group Holdings Ltd.    Nova North 11 Bressenden Place London, SW1E 5BY United Kingdom    Chairman    June 2015    Present
   HSBC Holdings plc    8 Canada Square
London E14 5HQ
United Kingdom
   Director    January 2008    2017

Ben Wyatt

Australia

Level 43, 120 Collins Street
Melbourne VIC 3000 Australia

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    September 2021    Present
   Woodside Petroleum Ltd    Mia Yellagonga, 11 Mount Street, Perth WA 6000 Australia    Director    June 2021    Present
   Western Australian Parliament    Parliament House, 4 Harvest Terrace, West Perth WA 6005, Australia    Treasurer    2017    2021
         Member of Legislative Assembly    2006    2021


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

Simon McKeon AO

Australia

Level 43, 120 Collins Street
Melbourne VIC 3000 Australia

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    2019    Present
   National Australia Bank Limited    395 Bourke Street Melbourne, Victoria 3000, Australia    Director    2020    Present

Jennifer Nason

United States/Australia

383 Madison Ave, New York, NY 10017

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    March 2020    Present
   JP Morgan    383 Madison Ave, New York, NY 10017    Global Chairman, Investment Banking    N/A    Present

Ngaire Woods CBE

United Kingdom

6 St. James’s Square

London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    September 2020    Present

Bold Baatar

Mongolia

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chief Executive, Copper    February 2021    Present
         Chief Executive, Energy and Minerals    December 2016    February 2021

Alf Barrios

Spain / United States

#20-01 Marina Bay
Financial Centre Tower 3,
12 Marina Blvd., 1892, Singapore

   Rio Tinto plc    #20-01 Marina Bay
Financial Centre Tower 3,
12 Marina Blvd., 1892, Singapore
   Chief Commercial Officer    April 2021    Present


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

         Chief Executive Aluminium    June 2014    Present

Mark Davies

Australia

155 Charlotte Street
Brisbane QLD 4000
Australia

   Rio Tinto plc      

Chief

Technical Officer

   October 2020    Present
         Vice President, Global Procurement    January 2018    Present
         Head of Commercial Excellence, Singapore Country Head, Managing Director Marine    July 2016    January 2018

Isabelle Deschamps

Canada

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chief Legal Officer & External Affairs    November 2021    Present
   AkzoNobel Group    AkzoNobel Center Christian Neefestraat 2 1077 WW Amsterdam The Netherlands.    General Counsel and Board Member    September 2018    October 2021
   Unilever    Weena 455, PO Box 760, Rotterdam 3000 DK, Netherlands   

EVP General Counsel, Global Foods & Refreshment and General Counsel

Europe

   January 2018    August 2018


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

     

100 Victoria Embankment, London EC4Y 0DY

United Kingdom

   General Counsel, Categories    September 2012    August 2018

Sinead Kaufman

Ireland/Australia

6 St James’s Square

London SW1Y 4AD

United Kingdom

   Rio Tinto plc    6 St James’s Square London SW1Y 4AD United Kingdom    Chief Executive, Minerals    March 2021    Present
         Managing Director, Operations, at Copper & Diamonds.    May 2018    March 2021
         Managing Director, Coal, Salt & Uranium    August 2016    May 2018

James Martin

United Kingdom

6 St James’s Square

London SW1Y 4AD

United Kingdom

   Rio Tinto plc    6 St James’s Square London SW1Y 4AD United Kingdom    Chief People Officer    April 2021    Present
   Egon Zehnder    Nova South, 160 Victoria Street London    Partner    2006    April 2021

Kellie Parker

Australia

6 St James’s Square

London SW1Y 4AD

United Kingdom

   Rio Tinto plc    6 St James’s Square London SW1Y 4AD United Kingdom    Chief Executive, Australia    March 2021    Present


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

         Managing Director, Pacific Operations, Aluminium    September 2018    March 2021
   Pilbara Assets and Development    Pilbara Minerals Limited Level 2, 146 Colin Street West Perth WA 6005    Managing Director    September 2014    September 2018

Arnaud Soirat

France

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chief Operating Officer    February 2021    Present
         Chief Executive, Copper & Diamonds (C&D) product group    July 2016    February 2021

Simon Trott

Australia

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chief Executive, Iron Ore    March 2021    Present
         Chief Commercial Officer    January 2018    March 2021

Ivan Vella

Australia

400-1190 Avenue des
Canadiens-de-Montréal, Montréal,
Québec H3B 0E3, Canada

   Rio Tinto plc    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Chief Executive, Aluminium    March 2021    Present


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

         Chief Executive (interim) Iron Ore    September 2020    March 2021
         Vice President & Member of Management Committee    2016    April 2020

Matthew Cox

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto International Holdings Limited    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    January 2021    Present

Steven Allen

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto International Holdings Limited    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    October 2017    Present

John Kiddle

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto International Holdings Limited    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Director    April 2019    Present

Rio Tinto Secretariat Limited

United Kingdom

6 St James’s Square
London SW1Y 4AD
United Kingdom

   Rio Tinto International Holdings Limited    6 St James’s Square
London SW1Y 4AD
United Kingdom
   Secretary    May 2017    Present


Name/Citizenship/
Business Address

  

Company

  

Address

  

Position Held

  

From

  

To

Robert Morgan

Canada

400-1190 Avenue des
Canadiens-de-Montréal,
Montreal QC H3B 0E3 Canada

   7999674 Canada Inc    400-1190 Avenue des Canadiens-de-Montréal, Montreal QC H3B 0E3 Canada    Director and President    March 2020    Present
   46117 Yukon Inc.    400-1190 Avenue des Canadiens-de-Montréal, Montreal QC H3B 0E3 Canada    Director and President    March 2020    Present
   535630 Yukon Inc.    400-1190 Avenue des Canadiens-de-Montréal, Montreal QC H3B 0E3 Canada    Director and President    March 2020    Present

Julie Parent

Canada

400-1190 Avenue des
Canadiens-de-Montréal,
Montreal QC H3B 0E3 Canada

   7999674 Canada Inc    400-1190 Avenue des Canadiens-de-Montréal, Montreal QC H3B 0E3 Canada    Director    October 2011    Present
   Secretary    January 2012    Present
   46117 Yukon Inc.    400-1190 Avenue des Canadiens-de-Montréal, Montreal QC H3B 0E3 Canada    Secretary    January 2012    Present
   535630 Yukon Inc.    400-1190 Avenue des Canadiens-de-Montréal, Montreal QC H3B 0E3 Canada    Director    March 2014    Present
   Secretary    December 2013    Present

ATTACHMENTS / EXHIBITS

EX-99.(A)(2)(I)

EX-99.(A)(2)(II)

EX-99.(A)(2)(III)

EX-99.(A)(2)(IV)

EX-99.(A)(5)(III)

EX-99.(C)(III)

EX-99.(C)(IV)

EX-99.(C)(V)

EX-99.(C)(VI)

EX-99.(C)(VII)

EX-99.(C)(VIII)

EX-99.(C)(IX)

EX-99.(C)(X)

EX-99.(C)(XI)

EX-99.(C)(XII)

EX-99.(C)(XIII)

EX-99.(C)(XIV)

EX-FILING FEES



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