Pentwater Issues Letter to Rio Tinto Board Calling for Action on Corporate Governance Failures

NAPLES, Fla.--(BUSINESS WIRE)--On January 6, 2022, Pentwater Capital Management LP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill") (TSX:TRQ) (NYSE:TRQ), sent the following letter to Ngaire Woods, member of the Board of the Directors of Rio Tinto plc (“Rio Tinto” or “Rio”) (LSE:RIO), outlining continued corporate governance failures at Rio Tinto. On January 7, 2022, Rio Tinto's attorney responded that neither Ms. Woods nor any other Rio Tinto b