EX-8.1 2 s000818x1_ex8-1.htm EXHIBITS 8.1

EXHIBIT 8.1

MFC INDUSTRIAL LTD.

LIST OF SIGNIFICANT SUBSIDIARIES AS AT MARCH 31, 2015

Subsidiaries
Country of
Incorporation
Proportion of
Voting
Interest(1)
MFC Commodities GmbH Austria
 
100
%
MFC Trade & Financial Services GmbH Austria
 
100
%
IC Managementservice GmbH Austria
 
100
%
International Trade Services GmbH Austria
 
100
%
MFC Commodities Trading GmbH Austria
 
100
%
MFC Metal Trading GmbH Austria
 
100
%
Kasese Cobalt Company Limited Uganda
 
75
%
MFC (A) Ltd Marshall Islands
 
100
%
MFC (D) Ltd Marshall Islands
 
100
%
Brock Metals s.r.o. Slovakia
 
100
%
M Financial Corp. Barbados
 
100
%
Mednet (Shanghai) Medical Technical Developing Co., Ltd. China
 
100
%
Hangzhou Zhe-er Optical Co. Ltd. China
 
51
%
MFC Corporate Services AG Switzerland
 
100
%
KHD Humboldt Wedag International GmbH Austria
 
100
%
MFC Energy Holding Austria GmbH Austria
 
100
%
MFC Energy Austria GmbH Austria
 
100
%
GPT Global Pellets Trading GmbH Austria
 
100
%
MFC Energy Corporation Canada
 
100
%
MFC Resource Partnership Canada
 
100
%
MFC Processing Partnership Canada
 
100
%
MFC Resources Inc. U.S.
 
100
%
Possehl Mexico S.A. de C.V. Mexico
 
100
%
MFC Holding Norway AS Norway
 
100
%
Fesil AS Norway
 
100
%
Fesil Sales AS Norway
 
100
%
Fesil Rana Metall AS Norway
 
100
%
Fesil Sales GmbH Germany
 
100
%
Fesil Sales SA Luxembourg
 
100
%
Specialty Superalloys Inc. U.S.
 
75
%
F.J. Elsner Trading Gesellschaft mbH Austria
 
100
%

(1)Percentages rounded to nearest whole number. Our proportional voting interests are identical to our proportional beneficial interests, except for a non-wholly owned subsidiary in Africa from which we derive a 100% beneficial interest resulting from holding a shareholder loan.