Polymetal is a leading precious metals mining company. Polymetal Company is the third global primary silver producer, the largest silver and fifth gold producer in Russia.In 2007 Polymetal held an initial public offering. 24.8% of Polymetal Company was placed in the form of GDRs on the London Stock Exchange and in ordinary shares on the RTS and MICEX exchanges. Polymetal owns gold and silver mines and carries out exploration activities in four regions of Russia (the Magadan Region, the Khabarovsk Territory, the Sverdlovsk Region and the Chukotka Autonomous Okrug) and in Kazakhstan.Its portfolio of projects contains 42 licenses covering a territory of over 8,500 sq. km.Polymetal’s most promising deposit is Albazino located in the Khabarovsk Territory, which contains JORC mineral resources estimated at approximately 3 Moz of gold. Polymetal Company plans to continue active exploration work at Albazino and expects that its resource base will grow to 5-6 Moz by the time the operation begins production. Construction of a processing plant at Albazino is scheduled to begin in 2009, and it should produce its first gold in 2011.In 2008, Polymetal acquired the Kubaka and Degtyarskoye gold deposits and the Goltsovoye silver deposit, in 2009, Sopka Kvartsevaya gold deposit in Magadan Region and Maiskoe gold deposit in Chukotka were acquired by the Company. These new deposits are expected to be brought on-line in 2010-2011. In 2009, Polymetal also acquired the Varvarinskoye gold-copper deposit in Kazakhstan.In 2009 gold production grew by 9%, to 311 Koz. Silver production grew by 1%, to 17.3 Moz.In 2010 Polymetal targets to produce 350-370 Koz of gold and 19-20 Moz of silver. These numbers do not include any production from Varvarinskoye mine in Kazakhstan.

Royal Gold, Inc., a leading precious metals royalty company, owns and manages royalties primarily on precious metals mines, with a focus on gold. Royal Gold, Inc. royalty portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mine operations. A royalty is simply a right to receive a percentage of production from a mine. By investing in a royalty, Royal Gold buys a percentage of the metal produced from a given property in exchange for a front end payment, without assuming any responsibility for the actual mining operation. Thus, the Company does not have to contribute to the operating and capital costs at the mines.

Noble Biomaterials, Inc. is a global leader in bacterial management solutions. Noble develops, manufactures, sells and markets advanced antimicrobial technologies designed to manage all forms of bacterial contamination. Noble has more than 200 global licensees for products in the medical, defense, industrial and consumer markets. Noble's headquarters and manufacturing facility are located in Scranton, PA, with global offices in Europe, Asia and South America.

voest-ALPINE Intertrading AG company specializes in trading and marketing activities primarily related to the steel industry, but also in agricultural commodities, chemicals, petrochemicals, and other products. VAIT also provides financing and logistical services. voest-ALPINE Intertrading AG company has more than 25 offices in about 20 countries; its activities are primarily centered in Europe, but voest-ALPINE Intertrading AG company also does business in Africa, the Americas, and Asia. VAIT was previously a subsidiary of Austrian steel company voestalpine, which continues to have a stake of nearly 40% in the trading company.

Cymat has made foam-forming a business. The company designs, develops, and manufactures 3D aluminum foam castings, which are primarily used to make automobiles lighter and safer. The company's primary product is SmartMetal, a stabilized aluminum foam (SAF). The aluminum foam is molded by sending gas through molten aluminum that can be formed into flat sheets and other shapes. Cymat's biggest partners include Georg Fischer and Brembo. The company was first formed in the 1990s to produce aluminum packaging for the pharmaceuticals and telecommunications industries.

Scope Metals Group imports, exports, processes, and markets an array of products, including aluminum, stainless steel, brass copper, bronze, titanium, and nickel alloy. Its stock is configured into sheets, coils, plates, bars, pipes, flanges, fasteners, valves, and a slew of other off-the-shelf items. Headquartered in Israel, the company's products reach industrial manufacturers across the Middle East. Acquisitions and organic growth have opened the door to tapping the US, Europe, and China, too. Scope Metals Group serves clients in such industries as aerospace, chemicals, electronics, construction, and energy.

Seabridge Gold Inc. is designed to provide its shareholders with exceptional leverage to a rising gold price. From 1999 through 2002, when the gold price was lower, Seabridge acquired nine North American projects with substantial gold resources, including Courageous Lake and KSM. Subsequent exploration by Seabridge has significantly expanded its acquired gold resource base. Seabridge considers each of its common shares to represent an indirect ownership interest in its reserves and resources. Our aim is to increase the value of this ownership interest by growing reserves and resources faster than shares outstanding. Project acquisitions, exploration and engineering programs are carefully designed and monitored to ensure that equity dilution required to fund these activities is more than offset by additional reserves and resources.

Cline is a Toronto Stock Exchange (TSX – “CMK”) listed company in the business of acquiring, exploring and developing mine mineral resource properties to production in Canada, United States and overseas. The Company is a growth-oriented mine finder, developer and operator with an experienced management team and is supported by its strategic international corporate partner and shareholder, Mitsui Matsushima, a Japanese coal miner and conglomerate, which is also represented on the Cline Board of Directors. Cline is developing its Lossan and Lodgepole metallurgical coal mine projects in British Columbia, Canada – C.I. 43 101 compliant Reports and feasibility studies completed; extensive diamond drilling program in progress at its Cline Lake gold property Ontario, Canada; additional iron ore mineral exploration on extensions and step-out areas at its Bekisopa, Madagascar iron ore properties; development of its New Elk metallurgical and thermal coal mine property in Colorado, U.S.A.

JFE Shoji Holdings, formed by the combination of Kawasho Corporation and NKK Trading, built its business on steel. JFE Shoji Holdings company has expanded though to become active in food, semiconductor, construction materials, and chemicals trading. Steel trading, through its JFE Shoji Trade subsidiary, still accounts for more than 95% of sales. JFE Shoji sells steel products, purchased from JFE Steel and other mills, to the automotive, shipbuilding, and electrical industries, among others. (It trades about 40% of JFE Steel's production output.) JFE Shoji's assets include fuels, ships, and real estate holdings. JFE Steel owns 39% of JFE Shoji Holdings company.

Essar Steel Algoma Inc. has been a mainstay of the North American steel industry for more than 100 years. Today our revenues are primarily derived from the manufacture and sale of hot and cold rolled sheet and plate. A fully integrated steel producer with a raw steel production capacity of approximately 2.8 million tons per year, Algoma's size and diverse capabilities enables us to deliver responsive, customer driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, manufacturing, pipe and tube, and steel distribution industries.Algoma's cornerstone asset, the Direct Strip Production Complex, is the newest thin slab caster coupled with direct hot rolling in North America. The DSPC™ positions Algoma as one of the leading suppliers of high strength and light gauge steel. In addition, Algoma's Heat-Treated Plate facility provides a full range of high quality heat treated products for abrasion resistant, ballistic and other specialty plate applications. First stage configured blanks and large profile welded shapes and profiles round out Algoma's product offering.Essar Steel Algoma is ISO 9002, 14001 and QS9000 certified and recognized as an Industrial Energy Innovator - continuously improving energy efficiencies throughout the operation including the efficient use and recycling of water.The Company's renewed spirit and focus is reflected in our strengthening competitive and financial performance. Algoma is on a course of action, emerging as a customer-focused, entrepreneurial company with the courage and growing capability to meet the industry's challenges head on.Essar Steel Algoma Inc. is a subsidiary of Essar Steel Holdings Ltd. Our operations are based in Sault Ste. Marie, Ontario with sales offices in Burlington, Ontario and Calgary, Alberta.Essar Global is a multi-national, diversified business group straddling the manufacturing and services sectors of steel, energy, power, communications, shipping and logistics, construction, mining and metals. The Group employs 38,000 people worldwide.

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