Mechel is one of the leading Russian mining and metals companies. Its business includes four segments: mining, steel, ferroalloys and power. The Group’s subsidiaries are located in 12 regions of Russia, Kazakhstan, USA, Romania, Bulgaria and Lithuania.Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, steel downstream products and electric and heat power.Mechel owns three trade ports and a transport operator. Mechel’s products are sold in Russia as well as on international markets. Mechel employs more than 80 thousand people.Mechel is the first and still the only coal mining and metals company in the region of Eastern and Central Europe and Russia having its shares placed on the New York Stock Exchange.In 2008 Mechel had above $US9.5 bln of revenue, about $US1.15 bln of net income and more than $US2 billion of EBITDA (according to US GAAP).

X-Terra believes the Utica shales exhibit excellent rock properties comparable to established shale gas plays like the Barnett Shale play in Texas. The economics of the Utica shales could be more attractive than other similar shale gas plays because of its shallower depth and close proximity to northeastern gas markets.With the improvement in horizontal drilling and completion techniques, shale gas development has now become economically viable. The Utica shale gas play in Québec is unique with the presence of several juniors that initially established large land positions in the basin. There is significant leverage for successful development of the play through the junior companies involved.Among the seven juniors that are exposed to the Utica shale gas play in Québec, we believe X-Terra offers a very good upside leverage through its acreage holding in the “sweet-spot” of the Utica shales.

Wirerope Works manufactures wire rope for use in construction, elevators, logging, mining, oil production, and ski lifts. It operates manufacturing plants in Sunbury and Williamsport, Pennsylvania, and maintains distribution facilities throughout the US. The company's products are sold under the brand name Bethlehem Wire Rope, which harkens back to the company's former status as a subsidiary of Bethlehem Steel. Wirerope Works was founded as Morrison Patent Wire Rope Company in 1886; in 2004 the current iteration was formed from the combination of two Pennsylvania wire manufacturers, Williamsport Wirerope Works and Paulsen Wire Rope.

Berg Steel Pipe Corporation (BSPC) was founded in 1979 by two companies of the Bergrohr family, a group of German large-diameter pipe companies. In 1992, EUROPIPE GmbH became 100% owner of BSPC. EUROPIPE is headquartered in Mülheim an der Ruhr, Germany and is a joint venture between AG der Dillinger Hüttenwerke and Salzgitter Mannesmann GmbH. EUROPIPE owns large-diameter pipe facilities in Mülheim an der Ruhr (Germany), Dunkerque (France) and Serra (Brazil).The EUROPIPE North American pipe manufacturing operations are represented by BSPC in Panama City, Florida and Berg Spiral Pipe Corp. (BSPM) in Mobile, Alabama.In 1995, eb Pipe Coating, Inc.(ebPC) was was set up and began operations adjacent to BSPC's mill in Panama City, Florida.In addition to the manufacturing operations, BERG EUROPIPE Corp. (BEC) in Houston, Texas, founded in 2007, is tasked with all North American sales and marketing acitivity.

Coal lies at the core of Bisichi Mining's business. Bisichi Mining invests in and manages mining properties, which it then mines or leases to other mining companies. Its primary property is the Black Wattle mine in South Africa, which produces more than 1 million tons of coal annually. Bisichi sells its coal waste to South African power company Eskom. The firm also owns retail properties in the UK, including the Dragon Retails Properties, which are managed by property firm London & Associated Properties (42% owner of Bisichi Mining). Bisichi plans to grow by acquiring additional coal mines in South Africa.

Corus Engineering Steels is usually pretty solid, but it can be a little spacey at times. Corus Engineering Steels company makes high-grade steel, including alloy, carbon, stainless, and free cutting, for automotive, aerospace, energy, engineering, and machining companies. Producing steel under thousands of international and customer specifications, Corus Engineering Steels makes such brands as Durehete high-temperature bolting steel, Vanard micro-alloyed steel, and XLCut free-machining steel. It also offers services that include heat treatment and hire work rolling and processing. Steel made by Corus Engineering Steels company will be used to construct a new NASA space shuttle.

Pediment Gold Corp is a junior mining company with a focus on the exploration and development of low-cost gold assets in Mexico. With an experienced team of geologists, financiers and miners, in management and on the board, the company is dedicated to advancing its projects. Pediment was formed in 2005 through the reverse take-over of Minera Pitalla, a private Mexican company originally created by Mel Herdrick, a veteran Phelps Dodge geologist, who had assembled a portfolio of highly prospective gold projects in Sonora and Baja Sur. His vision was to explore high potential but underexplored regions of Mexico, which were hidden under shallow pediment cover.Vancouver-based entrepreneur Gary Freeman was instrumental in financing Pediment at its inception, and currently serves as President and CEO. Mr. Herdrick holds the position of Vice President of Exploration. To date, the company has outlined a (43-101 compliant; Giroux 2009) Measured and Indicated Resource of 1.53 million oz gold and an Inferred Resource of 111,000 oz of gold at San Antonio in Baja Sur. Pediment also established its initial (43-101 compliant; Giroux 2009) gold resource at the past producing La Colorada gold mine in Sonora with 605,000 oz of gold in the Measured and Indicated category and 582,000 oz of gold in the Inferred category.

ThyssenKrupp Electrical Steel focuses entirely on grain and non grain oriented electrical steel. We produce and sell PowerCore®, a complete range of high quality grain and non grain oriented electrical steel products.We are one of the leading companies in the overall electrical steel business and we are always in the move to expand our global market presence as well as improve the technical and market performance. Our aim is to meet the requirements of our clients with greater technical competence and flexibility.

Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska.The Gil project is a joint venture with Kinross Gold Corporation (TSX: K; NYSE: KGC) (80% Kinross/20% Teryl). To date USD$9 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims. A USD$1.6 million budget has been completed for 2009 to draft test several gold anomolies on the Gil Claims.The Company’s other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB: LNXGF); the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property.Teryl also has one joint venture silver prospect located in Northern BC, Canada.Teryl Resources Corp. has revenue from oil and gas projects in Texas and Kentucky.

Novolipetsk Steel (NLMK) is a world class steel producer with operations spanning mining, steelmaking and rolling.Our main production facilities in Lipetsk, in the centre of European Russia, are within 350 km of Stoilensky, our main iron ore supplier, and close to key Russian customers and major transport routes.We are among the world’s most profitable steel companies with sales revenue of USD11.7 billion and an EBITDA margin of 39% in 2008. Last year, we produced 10.5 million tonnes of steel.

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