Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
1. | Name and Address of Company |
Turquoise Hill Resources Ltd. (the Company)
615 - 999 Canada Place
Vancouver, British Columbia V6C 3E1
Canada
2. | Date of Material Change |
July 27, 2013.
3. | News Release |
A news release was issued on July 28, 2013 and was disseminated through the facilities of the Marketwired newswire service. A copy of the press release was filed on SEDAR.
4. | Summary of Material Change |
On July 28, 2013, the Company announced that it had received notification from the Government of Mongolia that project financing for Oyu Tolgoi would now require approval of the Mongolian Parliament. Due to the need for parliamentary approval, it is likely to take some time to gain the necessary consent to finalize project financing. As a result, the Company and Rio Tinto determined that funding and development of the Oyu Tolgoi underground will be delayed until matters with the Mongolian Government can be resolved and a new timetable has been agreed.
In the meantime, the Company continues to engage with Rio Tinto and the Government of Mongolia to finalize project financing. Operations of the open-pit mine, commissioning of the concentrator and the ongoing export of concentrate from Oyu Tolgoi will continue.
5. | Full Description of Material Change |
On July 28, 2013, the Company announced that it had received notification from the Government of Mongolia that project financing for Oyu Tolgoi would now require approval of the Mongolian Parliament. Due to the need for parliamentary approval, it is likely to take some time to gain the necessary consent to finalize project financing. As a result, the Company and Rio Tinto determined that funding and development of the Oyu Tolgoi underground will be delayed until matters with the Mongolian Government can be resolved and a new timetable has been agreed.
In the meantime, the Company continues to engage with Rio Tinto and the Government of Mongolia to finalize project financing. Operations of the open-pit mine, commissioning of the concentrator and the ongoing export of concentrate from Oyu Tolgoi will continue.
6. | Reliance on subsection 7.1(2) of National Instrument 51-102 |
Not applicable.
7. | Omitted Information |
Not applicable.
8. | Executive Officer |
The name and business number of the officer of the Company through whom an executive officer who is knowledgeable of the material change and this report may be contacted is:
Allison Snetsinger
Assistant Corporate Secretary
615 - 999 Canada Place
Vancouver, British Columbia
V6C 3E1
Telephone: (604) 331-9876
9. | Date of Report |
August 6, 2013.
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