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Etruscan Resources Incorporated

Etruscan Resources Incorporated

Etruscan is in the business of acquiring, exploring, developing, and producing gold from properties primarily in West Africa. Etruscan has invested 15 years into building a comprehensive land portfolio in Africa. West Africa is geographically endowed with some of the most prolific green stone belts in the world. The region has a proven track record of producing gold mines; however, exploration is in its infancy with first generation discoveries all made by surface geochemistry. Second generation discoveries await. Etruscan has secured strategic land positions covering over 9,000 km2 on a number of known gold belts in four countries in West Africa. This package represents one of the largest strategic land packages held by any mining company operating in West Africa. Etruscan has a demonstrated track record of making strategic discoveries and acquisitions and taking projects through to production.Etruscan's most advanced gold project is the Youga Gold Project located in Burkina Faso. Production at the mine commenced in February 2008 and commercial production was achieved on July 1, 2008. Gold production for fiscal 2008 which comprised the five months of commercial production ended November 30, 2008 totaled 29,305 ounces and in 2009 totaled 64,879 ounces. This mine is forecast to produce an average of 88,000 ounces per year over the 6.6 year mine life. Forecasted gold production for 2010 is targeted at 80,000 ounces at cash costs of US$550-650 per ounce. The Youga Gold Project is located on the 80 kilometer strike length of the Youga gold belt which extends to the southwest into Ghana along the Bole-Bolgatanga gold belt. Etruscan controls in excess of 400 km2 along the Youga/Bole-Bolgatanga gold belts. Etruscan believes future growth will come from developing satellite deposits along the Youga gold belt to be processed at the centrally located Youga processing facility. Etruscan holds a 90% interest in the Youga Gold Project with the remaining interest held by the Burkinabe government.Etruscan's second most advanced project is its Agbaou Gold Project which covers 469 km2 giving Etruscan control of the 40 kilometer strike length of the Oumé-Fêtêkro gold belt. Agbaou is one of the largest undeveloped gold resources in Côte d'Ivoire. A feasibility study update for the Agbaou Gold Project titled "Feasibility Update Study Report on the Agbaou Gold Project, Côte d'Ivoire, West Africa" prepared by MDM Engineering International Ltd. and Coffey Mining Pty Ltd. was completed in September, 2009. Using a gold price of $1,000 per ounce, the base case scenario in the feasibility study concludes that Agbaou will produce an average of 77,000 ounces of gold per year at a cash operating cost of US$516 per ounce over a 9.1 year mine life. The feasibility study is based on probable reserves of 10.9 million tonnes of ore with an average grade of 2.1 grams per tonne containing 665,000 ounces.

Snowfield Development Corp.

Snowfield Development Corp.

Snowfield Development surely wouldn't mind a little ice across its path. Snowfield Development company explores and develops diamond properties in Quebec and the Northwest Territories. Its Ticho project in the Northwest Territories is the company's most advanced property. Snowfield Development is also exploring for gold at the Snow property in British Columbia and agreed to buy a Finnish silver project in 2009.

Lake Shore Gold Corp.

Lake Shore Gold Corp.

Lake Shore Gold is a rapidly growing mining company with a goal to become a North American mid-tier gold producer through the successful exploration, development and operation of three wholly owned mines in Timmins, Ontario: Timmins Mine, Thunder Creek and Bell Creek Complex. Lake Shore Gold Company is currently carrying out an underground advanced exploration program at the Timmins Mine project, where it has both a shaft and a ramp, and is drifting from Timmins Mine to the adjacent Thunder Creek property. Progress is also being made with an underground advanced exploration program at its Bell Creek Complex, located on the east side of Timmins. The Bell Creek Mill has been refurbished to a capacity of 1,500 tonnes per day with plans in place to expand the Mill incrementally to 3,000 tonnes per day. Lake Shore Gold Company continues to invest aggressively in exploration primarily in Timmins and in select other areas of Northern Ontario and Quebec, and owns a large land position in Mexico. The Company’s common shares trade on the TSX under the symbol LSG.

Serengeti Resources Inc.

Serengeti Resources Inc.

Serengeti Resources explores for gold, copper, and molybdenum on the plains of North America. The exploration company's projects are mostly located in the Quesnel Trough area of Northern British Columbia. Serengeti Resources company owns stakes in various properties including a 100% interest in the Kwankia Porphyry property. Serengeti Resources holds interests in 17 other properties totaling almost 1000 sq. km in the Quesnel Trough region. It has several other mineral claims in the area at less advanced stages and a few properties in the Central and Northwestern regions of British Columbia.

North Atlantic Resources Ltd.

North Atlantic Resources Ltd.

North Atlantic Resources (formerly North Atlantic Nickel) prospects for and develops locations for the mining of gold, oil, and gas in west Africa. It has seven projects in Mali for a total of 1,150 square kilometers of mining operations. North Atlantic Resources company was founded in 1997 and has since made three gold discoveries. In February 2008 North Atlantic Resources announced a joint venture with Orezone Resources called Brighton Energy Ltd., to explore for uranium in Niger.

Ferrostaal AG

Ferrostaal AG

Ferrostaal builds the places at which stuff gets made and supplies the stuff that allows us to get our stuff done. Ferrostaal is involved in project development and management in plant construction and engineering. It builds water treatment facilities, industrial plants, bridges, and power plants; it also provides financial planning, system integration, and equipment installation at the facilities. While Ferrostaal has operations throughout the world, almost half of the company's sales are to Latin America. It was a wholly owned subsidiary of Germany's MAN until Abu Dhabi's International Petroleum Investment Company (IPIC) bought 70% of Ferrostaal in 2009. Ferrostaal dropped the prefix MAN soon after.

Klockner & Co AG

Klockner & Co AG

Klockner-Werke has been making packaging equipment since 1923. Klockner-Werke, acquired by Salzgitter Group in 2007, is a group holding company for subsidiaries conducting plant engineering and machine construction, with the primary focus on packaging machinery and filling equipment for the food, non-food, and beverage industries. The company's packaging technologies are used for cleaning, labeling, label-removing, and inspection uses. Other units manufacture automation and robotic systems, molding machines used for plastics processing and safety shoe soling, and machinery for the confectionery industry. Klockner-Werke gets more than half of its sales from Europe and exports 90% of its goods.

NanJing Iron & Steel Co., Ltd.

NanJing Iron & Steel Co., Ltd.

NanJing Iron and Steel is a master of metal production in the City of Stone. NanJing Iron and Steel company focuses on smelting and processing of ferrous metals, as well as producing coke and a variety of steel products (steel plates, bars, strips). Established in 1999, NanJing Iron and Steel operates 6 production facilities in China. NanJing Iron and Steel company produces more than 1 million tons of medium steel plates and 1 million tons of heavy steel plates and strips a year.

Neo Material Technologies Inc.

Neo Material Technologies Inc.

Neo Material Technologies processes rare earths, zirconium, and magnetic powders for use in fuel cells, automotive wiring, glass, cell phones, and other electronic products. Its rare earths division, which includes lanthanum and neodymium, accounts for most of the company's sales. Neo Materials operates processing plants in China and Thailand. Its products are distributed to 25 different countries, though China and North America account for most of the company's sales. Subsidiary Magnequench produces rare earth based Neo (Neodymium, Iron, and Boron) magnetic powders in China and sells them worldwide. Neo Materials produces neodymium, which is used by Magnequench to make Neo powders for bonded magnets.

JX Nippon Mining & Metals Corporation

JX Nippon Mining & Metals Corporation

JX Nippon Mining & Metals (formerly Nippon Mining Holdings) is involved in the development and mining of non-ferrous metal resources, and the smelting, refining, and marketing of non-ferrous metals, such as copper, gold. and silver. It also manufactures and markets electro-deposited and treated rolled copper foils; precision-rolled copper, copper-alloy, and special steel products; and, thin film materials such as sputtering targets, surface treatment agents, and compound semiconductor materials. The company also recycles non-ferrous metals. In 2010 Nippon Mining merged with Nippon Oil to form JX Holdings, one of the world's largest energy companies. JX Nippon Mining & Metals is a subsidiary of JX Holdings.

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