mfc industrial ltd (MIL) Details

MFC Industrial Ltd., a commodity supply chain company, engages in sourcing and delivering commodities and materials to clients worldwide. It operates through three segments: Commodities and Resources, Merchant Banking, and Other. The company engages in the financing, risk assessment, production, sourcing, processing, transporting, and warehousing various commodities. It supplies metals and minerals, such as manganese-ore, coal and coke, base metals, steel products, and zinc alloys; plastics and talcs comprising polystyrene, polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, and titanium dioxide; wood products, which include wood pellets, saw logs, round logs, and sawn timber; food and beverages that comprise citric acid, phosphoric acid, sodium cyclamate, and sodium bicarbonate; chemicals and natural gas, including natural gas liquids, acid fluorspar, aluminum fluoride, aluminum hydroxide, barium carbonate, and calcium chloride; and refractories that include bauxite, flint clay, magnesium oxide, and alumina cements. The company also engages in the production and processing of natural gas and other hydrocarbons; provides logistics, supply chain management, and other services to producers and consumers of commodities; sub-leases an iron ore mine; and holds a 50% interest in the Pea Ridge iron ore mine located in Sullivan, Missouri. In addition, it provides finance services for corporate and trade finance transactions to small to mid-sized companies and other business enterprises primarily in Europe and Asia; customized financial tools, as well as credit and risk management, and structured solutions; and trading services. Further, MFC Industrial Ltd. provides medical services, equipment, and supplies. The company was formerly known as Terra Nova Royalty Corporation and changed its name to MFC Industrial Ltd. in September 2011. MFC Industrial Ltd. was incorporated in 1951 and is based in Vancouver, Canada.

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