Madhusudhan Nair

Zamin Resources Limited

Zamin Ferrous is an international group registered in Jersey with offices in Sao Paulo (Brazil), Montevideo (Uruguay) and Dubai (UAE), and representitive offices in London (UK) and Zug (Switzerland). Zamin has a strong portfolio of iron ore projects located in Latin America. The Company's strategy is to become a leading supplier of direct reduction and blast furnace iron ore pellet fines to the global steel industry. Zamin has a seven-year history in mining and has two key development and exploration assets - Valentines (Uruguay) and Greystone (Brazil) - with just under 2.5 billion tonnes of JORC compliant resources and a further 4 to 5 billion tonnes of potential resources. Zamin's 50% stake in the Bamin project - a 50:50 JV with ENRC - was sold to ENRC in September 2010 for US$735 million. At the heart of Zamin's Strategy is its proven ability to partner with regional and national governments to develop assets and clearly defined infrastructure and logistics solutions.