13F-HR/A 1 june10-1.txt HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2010 Check here if Amendment [ X]; Amendment Number: 1 This Amendment (Check only one.): [ ] is a restatement. [ X] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: VAN ECK ASSOCIATES CORP. Address: 335 MADISON AVENUE - 19TH FLOOR NEW YORK, NY 10017 13F File Number: 28-02783 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: RUSSELL BRENNAN Title: ASSISTANT VICE PRESIDENT Phone: (212) 293-2125 Signature, Place, and Date of Signing: RUSSELL BRENNAN NEW YORK, NY August 16, 2010 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28- VAN ECK ABSOLUTE RETURN ADVISERS FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 285 Form13F Information Table Value Total: $13,661,329 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABRAXAS PETE CORP COM 003830106 294 104975 SH SOLE 104975 AGCO CORP COM 001084102 14193 526255 SH SOLE 526255 AGNICO EAGLE MINES LTD COM 008474108 375760 6182298 SH SOLE 6182298 AGRIUM INC COM 008916108 43572 890313 SH SOLE 890313 AK STL HLDG CORP COM 001547108 3913 328309 SH SOLE 328309 ALCOA INC COM 013817101 249 24704 SH SOLE 24704 ALLEGHENY TECHNOLOGIES INC COM 01741R102 11950 270422 SH SOLE 270422 ALLIED NEVADA GOLD CORP COM 019344100 42291 2148928 SH SOLE 2148928 ALPHA NATURAL RESOURCES INC COM 02076X102 121176 3577683 SH SOLE 3577683 ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 71 3816 SH SOLE 3816 AMERICAN SUPERCONDUCTOR CORP COM 030111108 3401 127424 SH SOLE 127424 AMERISTAR CASINOS INC COM 03070Q101 467 30995 SH SOLE 30995 ANADARKO PETE CORP COM 032511107 89822 2488823 SH SOLE 2488823 ANDERSONS INC COM 034164103 3392 104084 SH SOLE 104084 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 461073 10677936 SH SOLE 10677936 APACHE CORP COM 037411105 61721 733112 SH SOLE 733112 AQUA AMERICA INC COM 03836W103 173 9776 SH SOLE 9776 ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 23351 872605 SH SOLE 872605 ARCH COAL INC COM 039380100 9199 464349 SH SOLE 464349 ARCHER DANIELS MIDLAND CO COM 039483102 118909 4605300 SH SOLE 4605300 ASCENT SOLAR TECHNOLOGIES IN COM 043635101 71 26074 SH SOLE 26074 ASIAINFO HLDGS INC COM 04518A104 1749 80000 SH SOLE 80000 AURIZON MINES LTD COM 05155P106 41805 8462574 SH SOLE 8462574 BAKER HUGHES INC COM 057224107 392 9428 SH SOLE 9428 BALLY TECHNOLOGIES INC COM 05874B107 2132 65818 SH SOLE 65818 BANCO MACRO SA SPON ADR B 05961W105 33 1137 SH SOLE 1137 BARRICK GOLD CORP COM 067901108 1280960 28208762 SH SOLE 28208762 BERRY PETE CO CL A 085789105 84760 3295503 SH SOLE 3295503 BOYD GAMING CORP COM 103304101 558 65712 SH SOLE 65712 BPZ RESOURCES INC COM 055639108 26 6366 SH SOLE 6366 BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 62191 4690090 SH SOLE 4690090 BRIGHAM EXPLORATION CO COM 109178103 98223 6386400 SH SOLE 6386400 BUCYRUS INTL INC NEW COM 118759109 10535 222023 SH SOLE 222023 BUNGE LIMITED COM G16962105 40112 815455 SH SOLE 815455 CABOT OIL & GAS CORP COM 127097103 94658 3022282 SH SOLE 3022282 CALGON CARBON CORP COM 129603106 1046 79033 SH SOLE 79033 CAMECO CORP COM 13321L108 11814 555157 SH SOLE 555157 CAMERON INTERNATIONAL CORP COM 13342B105 150186 4618266 SH SOLE 4618266 CANADIAN NAT RES LTD COM 136385101 795 23925 SH SOLE 23925 CANADIAN SOLAR INC COM 136635109 398 40696 SH SOLE 40696 CAPITAL GOLD CORP COM NEW 14018Y205 10041 2510250 SH SOLE 2510250 CARPENTER TECHNOLOGY CORP COM 144285103 4313 131367 SH SOLE 131367 CASELLA WASTE SYS INC CL A 147448104 487 127378 SH SOLE 127378 CASTLE A M & CO COM 148411101 952 68519 SH SOLE 68519 CENTRAL EUROPEAN DIST CORP COM 153435102 1096 51250 SH SOLE 51250 CF INDS HLDGS INC COM 125269100 25523 402250 SH SOLE 402250 CHESAPEAKE ENERGY CORP COM 165167107 1649 78706 SH SOLE 78706 CHEVRON CORP NEW COM 166764100 2995 44141 SH SOLE 44141 CHINA SUNERGY CO LTD SPON ADR 16942X104 110 30739 SH SOLE 30739 CHIQUITA BRANDS INTL INC COM 170032809 2981 245328 SH SOLE 245328 CHURCHILL DOWNS INC COM 171484108 443 13496 SH SOLE 13496 CIMAREX ENERGY CO COM 171798101 66866 934142 SH SOLE 934142 CLAYMORE ETF TRUST 2 CHINA SML CAP 18383Q853 163 6800 SH SOLE 6800 CLEAN HARBORS INC COM 184496107 1045 15730 SH SOLE 15730 CLIFFS NATURAL RESOURCES INC COM 18683K101 11414 242023 SH SOLE 242023 CLOUD PEAK ENERGY INC COM 18911Q102 1343 101268 SH SOLE 101268 CNH GLOBAL N V SHS NEW N20935206 29542 1304278 SH SOLE 1304278 COEUR D ALENE MINES CORP IDA COM NEW 192108504 99301 6292819 SH SOLE 6292819 COMMERCIAL METALS CO COM 201723103 4509 341101 SH SOLE 341101 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 336 8132 SH SOLE 8132 COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 14233 968870 SH SOLE 968870 COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 323847 8424736 SH SOLE 8424736 CONCHO RES INC COM 20605P101 67301 1216350 SH SOLE 1216350 CONOCOPHILLIPS COM 20825C104 1606 32708 SH SOLE 32708 CONSOL ENERGY INC COM 20854P109 130632 3869422 SH SOLE 3869422 CONSTELLATION ENERGY GROUP I COM 210371100 11402 353547 SH SOLE 353547 CONTINENTAL RESOURCES INC COM 212015101 30 673 SH SOLE 673 COPA HOLDINGS SA CL A P31076105 2322 52500 SH SOLE 52500 CORN PRODS INTL INC COM 219023108 12896 425618 SH SOLE 425618 COSAN LTD SHS A G25343107 27799 2976372 SH SOLE 2976372 COVANTA HLDG CORP COM 22282E102 6639 400159 SH SOLE 400159 CREDICORP LTD COM G2519Y108 2627 28900 SH SOLE 28900 CREE INC COM 225447101 10354 172488 SH SOLE 172488 CRESUD S A C I F Y A SPONSORED ADR 226406106 3405 280475 SH SOLE 280475 CTC MEDIA INC COM 12642X106 7702 533366 SH SOLE 533366 DARLING INTL INC COM 237266101 4558 606927 SH SOLE 606927 DEERE & CO COM 244199105 115979 2082962 SH SOLE 2082962 DEL MONTE FOODS CO COM 24522P103 15618 1085369 SH SOLE 1085369 DENBURY RES INC COM NEW 247916208 128 8775 SH SOLE 8775 DEVON ENERGY CORP NEW COM 25179M103 598 9822 SH SOLE 9822 DIAMOND OFFSHORE DRILLING IN COM 25271C102 95 1529 SH SOLE 1529 DOMTAR CORP COM NEW 257559203 151 3071 SH SOLE 3071 DRDGOLD LIMITED SPON ADR NEW 26152H301 1567 360312 SH SOLE 360312 DRIL-QUIP INC COM 262037104 77716 1765466 SH SOLE 1765466 EL PASO CORP COM 28336L109 172 15465 SH SOLE 15465 ELDORADO GOLD CORP NEW COM 284902103 346678 19302787 SH SOLE 19302787 ENBRIDGE INC COM 29250N105 389 8354 SH SOLE 8354 ENCANA CORP COM 292505104 490 16157 SH SOLE 16157 ENDEAVOUR SILVER CORP COM 29258Y103 5016 1484117 SH SOLE 1484117 ENERGY CONVERSION DEVICES IN COM 292659109 264 64461 SH SOLE 64461 ENERSYS COM 29275Y102 2896 135512 SH SOLE 135512 ENSCO PLC SPONSORED ADR 29358Q109 123 3131 SH SOLE 3131 EOG RES INC COM 26875P101 547 5562 SH SOLE 5562 EQT CORP COM 26884L109 306 8463 SH SOLE 8463 EVERGREEN SOLAR INC COM 30033R108 184 269514 SH SOLE 269514 EXELON CORP COM 30161N101 11875 312753 SH SOLE 312753 EXETER RES CORP COM 301835104 10497 1666165 SH SOLE 1666165 EXXON MOBIL CORP COM 30231G102 5892 103246 SH SOLE 103246 FIRST CASH FINL SVCS INC COM 31942D107 3261 149608 SH SOLE 149608 FIRST SOLAR INC COM 336433107 12700 111574 SH SOLE 111574 FMC TECHNOLOGIES INC COM 30249U101 141 2672 SH SOLE 2672 FOSTER L B CO COM 350060109 789 30422 SH SOLE 30422 FREEPORT-MCMORAN COPPER & GO COM 35671D857 112466 1902013 SH SOLE 1902013 FREIGHTCAR AMER INC COM 357023100 867 38347 SH SOLE 38347 FRONTEER GOLD INC COM 359032109 13219 2221696 SH SOLE 2221696 FUEL SYS SOLUTIONS INC COM 35952W103 1591 61318 SH SOLE 61318 FUEL TECH INC COM 359523107 843 133342 SH SOLE 133342 GAMMON GOLD INC COM 36467T106 40836 7479033 SH SOLE 7479033 GENERAL MARITIME CORP NEW SHS Y2693R101 25495 4221000 SH SOLE 4221000 GERDAU AMERISTEEL CORP COM 37373P105 13372 1226822 SH SOLE 1226822 GERDAU S A SPONSORED ADR 373737105 14179 1075829 SH SOLE 1075829 GIBRALTAR INDS INC COM 374689107 913 90384 SH SOLE 90384 GLOBAL CASH ACCESS HLDGS INC COM 378967103 590 81802 SH SOLE 81802 GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 340422 25461639 SH SOLE 25461639 GOLDCORP INC NEW *W EXP 06/09/201 380956177 109 17500 SH SOLE 17500 GOLDCORP INC NEW COM 380956409 971508 22155253 SH SOLE 22155253 GOLDEN STAR RES LTD CDA COM 38119T104 67816 15483034 SH SOLE 15483034 GRAN TIERRA ENERGY INC COM 38500T101 75 15185 SH SOLE 15185 GREAT BASIN GOLD LTD COM 390124105 27285 16145221 SH SOLE 16145221 GREEN PLAINS RENEWABLE ENERG COM 393222104 8509 832600 SH SOLE 832600 GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 57 1243 SH SOLE 1243 GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 7 1248 SH SOLE 1248 GRUPO SIMEC S A B DE C V ADR 400491106 3563 495574 SH SOLE 495574 GT SOLAR INTL INC COM 3623E0209 495 88330 SH SOLE 88330 HALLIBURTON CO COM 406216101 187245 7627093 SH SOLE 7627093 HARMONY GOLD MNG LTD SPONSORED ADR 413216300 171721 16246120 SH SOLE 16246120 HECLA MNG CO COM 422704106 91251 17481114 SH SOLE 17481114 HELMERICH & PAYNE INC COM 423452101 85 2324 SH SOLE 2324 HESS CORP COM 42809H107 323 6420 SH SOLE 6420 HOLLY CORP COM PAR $0.01 435758305 52110 1960500 SH SOLE 1960500 HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 3845 98500 SH SOLE 98500 IAMGOLD CORP COM 450913108 464547 26275289 SH SOLE 26275289 IMPERIAL OIL LTD COM NEW 453038408 204 5590 SH SOLE 5590 INTERNATIONAL COAL GRP INC N COM 45928H106 2092 543448 SH SOLE 543448 INTERNATIONAL GAME TECHNOLOG COM 459902102 5578 355285 SH SOLE 355285 INTERNATIONAL RECTIFIER CORP COM 460254105 3843 206513 SH SOLE 206513 INTL PAPER CO COM 460146103 704 31098 SH SOLE 31098 INTREPID POTASH INC COM 46121Y102 8033 410452 SH SOLE 410452 ISHARES TR INDEX MSCI EMERG MKT 464287234 336 9014 SH SOLE 9014 ISLE OF CAPRI CASINOS INC COM 464592104 183 19721 SH SOLE 19721 ITRON INC COM 465741106 6097 98622 SH SOLE 98622 JA SOLAR HOLDINGS CO LTD SPON ADR 466090107 914 196643 SH SOLE 196643 JAMES RIVER COAL CO COM NEW 470355207 1422 89304 SH SOLE 89304 JOY GLOBAL INC COM 481165108 18802 375370 SH SOLE 375370 KEY ENERGY SVCS INC COM 492914106 55223 6015600 SH SOLE 6015600 KINROSS GOLD CORP COM NO PAR 496902404 421143 24642659 SH SOLE 24642659 LAS VEGAS SANDS CORP COM 517834107 8189 369894 SH SOLE 369894 LAYNE CHRISTENSEN CO COM 521050104 1061 43700 SH SOLE 43700 LDK SOLAR CO LTD SPONSORED ADR 50183L107 407 78667 SH SOLE 78667 LIHIR GOLD LTD SPONSORED ADR 532349107 323142 8978652 SH SOLE 8978652 LINDSAY CORP COM 535555106 2238 70633 SH SOLE 70633 LOUISIANA PAC CORP COM 546347105 51882 7755200 SH SOLE 7755200 MAG SILVER CORP COM 55903Q104 11 1793 SH SOLE 1793 MARATHON OIL CORP COM 565849106 485 15594 SH SOLE 15594 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 319 6140 SH SOLE 6140 MASSEY ENERGY CORP COM 576206106 100325 3668173 SH SOLE 3668173 MCDERMOTT INTL INC COM 580037109 110 5080 SH SOLE 5080 MEADWESTVACO CORP COM 583334107 270 12170 SH SOLE 12170 MECHEL OAO SPONSORED ADR 583840103 37464 2065280 SH SOLE 2065280 MELCO CROWN ENTMT LTD ADR 585464100 877 234544 SH SOLE 234544 MEMC ELECTR MATLS INC COM 552715104 7534 762519 SH SOLE 762519 MESABI TR CTF BEN INT 590672101 16 900 SH SOLE 900 METALICO INC COM 591176102 470 118167 SH SOLE 118167 MGM MIRAGE COM 552953101 2332 241924 SH SOLE 241924 MINEFINDERS LTD COM 602900102 30880 3465819 SH SOLE 3465819 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 65345 3410476 SH SOLE 3410476 MONSANTO CO NEW COM 61166W101 110071 2381452 SH SOLE 2381452 MOSAIC CO COM 61945A107 56912 1460031 SH SOLE 1460031 MURPHY OIL CORP COM 626717102 34324 692709 SH SOLE 692709 MYR GROUP INC DEL COM 55405W104 13907 833261 SH SOLE 833261 NABORS INDUSTRIES LTD SHS G6359F103 49691 2820169 SH SOLE 2820169 NALCO HOLDING COMPANY COM 62985Q101 1230 60138 SH SOLE 60138 NATIONAL OILWELL VARCO INC COM 637071101 305 9210 SH SOLE 9210 NEVSUN RES LTD COM 64156L101 25391 7296217 SH SOLE 7296217 NEW GOLD INC CDA COM 644535106 130754 21123489 SH SOLE 21123489 NEWFIELD EXPL CO COM 651290108 157979 3233307 SH SOLE 3233307 NEWMONT MINING CORP COM 651639106 887617 14376700 SH SOLE 14376700 NEWPARK RES INC COM PAR $.01NEW 651718504 1078 178117 SH SOLE 178117 NEXEN INC COM 65334H102 227 11523 SH SOLE 11523 NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 175 5658 SH SOLE 5658 NOBLE ENERGY INC COM 655044105 65747 1089786 SH SOLE 1089786 NORTHGATE MINERALS CORP COM 666416102 63917 21305575 SH SOLE 21305575 NOVAGOLD RES INC COM NEW 66987E206 9828 1407959 SH SOLE 1407959 NRG ENERGY INC COM NEW 629377508 40299 1900000 SH SOLE 1900000 NUCOR CORP COM 670346105 12808 334594 SH SOLE 334594 OCCIDENTAL PETE CORP DEL COM 674599105 176207 2283950 SH SOLE 2283950 OCEANEERING INTL INC COM 675232102 38295 852900 SH SOLE 852900 OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 151 1600 SH SOLE 1600 OLYMPIC STEEL INC COM 68162K106 747 32510 SH SOLE 32510 ORMAT TECHNOLOGIES INC COM 686688102 40 1429 SH SOLE 1429 P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 27577 805644 SH SOLE 805644 PACKAGING CORP AMER COM 695156109 162 7348 SH SOLE 7348 PAN AMERICAN SILVER CORP COM 697900108 119228 4716308 SH SOLE 4716308 PATRIOT COAL CORP COM 70336T104 2848 242349 SH SOLE 242349 PATTERSON UTI ENERGY INC COM 703481101 41229 3203500 SH SOLE 3203500 PEABODY ENERGY CORP COM 704549104 66498 1699404 SH SOLE 1699404 PENN NATL GAMING INC COM 707569109 1875 81181 SH SOLE 81181 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 496 307921 SH SOLE 307921 PETROHAWK ENERGY CORP COM 716495106 118365 6974940 SH SOLE 6974940 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3993 116348 SH SOLE 116348 PILGRIMS PRIDE CORP NEW COM 72147K108 97 14711 SH SOLE 14711 PINNACLE ENTMT INC COM 723456109 683 72151 SH SOLE 72151 PIONEER NAT RES CO COM 723787107 120672 2029805 SH SOLE 2029805 PLAINS EXPL& PRODTN CO COM 726505100 63 3080 SH SOLE 3080 POSCO SPONSORED ADR 693483109 18389 194961 SH SOLE 194961 POTASH CORP SASK INC COM 73755L107 104017 1206134 SH SOLE 1206134 PRIDE INTL INC DEL COM 74153Q102 86 3861 SH SOLE 3861 PROSHARES TR II ULTRASHRT EURO 74347W882 406 16240 SH SOLE 16240 QUESTAR CORP COM 748356102 90919 1998650 SH SOLE 1998650 QUICKSILVER RESOURCES INC COM 74837R104 62705 5700450 SH SOLE 5700450 RANDGOLD RES LTD ADR 752344309 622075 6565434 SH SOLE 6565434 RANGE RES CORP COM 75281A109 843 21005 SH SOLE 21005 RELIANCE STEEL & ALUMINUM CO COM 759509102 8069 223205 SH SOLE 223205 RENESOLA LTD SPONS ADS 75971T103 481 80612 SH SOLE 80612 RENTECH INC COM 760112102 484 489393 SH SOLE 489393 REPUBLIC SVCS INC COM 760759100 2513 84544 SH SOLE 84544 RIO TINTO PLC SPONSORED ADR 767204100 32892 754414 SH SOLE 754414 ROCK-TENN CO CL A 772739207 138 2774 SH SOLE 2774 ROYAL GOLD INC COM 780287108 112584 2345507 SH SOLE 2345507 SCHLUMBERGER LTD COM 806857108 151549 2738515 SH SOLE 2738515 SCHNITZER STL INDS CL A 806882106 3314 84551 SH SOLE 84551 SCIENTIFIC GAMES CORP CL A 80874P109 722 78514 SH SOLE 78514 SEABOARD CORP COM 811543107 98 65 SH SOLE 65 SEABRIDGE GOLD INC COM 811916105 47525 1535548 SH SOLE 1535548 SHAW GROUP INC COM 820280105 1048 30617 SH SOLE 30617 SHUFFLE MASTER INC COM 825549108 512 63860 SH SOLE 63860 SILVER STD RES INC COM 82823L106 82551 4624679 SH SOLE 4624679 SILVER WHEATON CORP COM 828336107 312180 15532654 SH SOLE 15532654 SILVERCORP METALS INC COM 82835P103 9247 1321000 SH SOLE 1321000 SMITH INTL INC COM 832110100 206 5461 SH SOLE 5461 SMITHFIELD FOODS INC COM 832248108 13926 934614 SH SOLE 934614 SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 46914 1438628 SH SOLE 1438628 SOLARFUN POWER HOLDINGS CO L SPONSORED ADR 83415U108 284 41976 SH SOLE 41976 SOUTHERN COPPER CORP COM 84265V105 115 4319 SH SOLE 4319 SOUTHWESTERN ENERGY CO COM 845467109 294 7608 SH SOLE 7608 SPDR GOLD TRUST GOLD SHS 78463V107 160360 1317887 SH SOLE 1317887 SPECTRA ENERGY CORP COM 847560109 286 14241 SH SOLE 14241 STEEL DYNAMICS INC COM 858119100 42038 3187101 SH SOLE 3187101 STERICYCLE INC COM 858912108 2602 39678 SH SOLE 39678 STERLITE INDS INDIA LTD ADS 859737207 289 20330 SH SOLE 20330 SUNCOR ENERGY INC NEW COM 867224107 1010 34310 SH SOLE 34310 SUNPOWER CORP COM CL A 867652109 3442 284427 SH SOLE 284427 SUNTECH PWR HLDGS CO LTD ADR 86800C104 4484 488986 SH SOLE 488986 TALISMAN ENERGY INC COM 87425E103 340 22393 SH SOLE 22393 TANZANIAN ROYALTY EXPL CORP COM 87600U104 17220 3457764 SH SOLE 3457764 TECK RESOURCES LTD CL B 878742204 346 11693 SH SOLE 11693 TEMPLE INLAND INC COM 879868107 158 7664 SH SOLE 7664 TENARIS S A SPONSORED ADR 88031M109 176 5085 SH SOLE 5085 TEREX CORP NEW COM 880779103 37049 1977000 SH SOLE 1977000 TERNIUM SA SPON ADR 880890108 12242 371856 SH SOLE 371856 TESORO CORP COM 881609101 455 39000 SH SOLE 39000 TETRA TECH INC NEW COM 88162G103 1020 51992 SH SOLE 51992 TIMKEN CO COM 887389104 7517 289222 SH SOLE 289222 TRACTOR SUPPLY CO COM 892356106 423 6930 SH SOLE 6930 TRANSCANADA CORP COM 89353D107 507 15159 SH SOLE 15159 TRANSOCEAN LTD REG SHS H8817H100 328 7069 SH SOLE 7069 TRINA SOLAR LIMITED SPON ADR 89628E104 5514 319113 SH SOLE 319113 TYSON FOODS INC CL A 902494103 28453 1736020 SH SOLE 1736020 ULTRA PETROLEUM CORP COM 903914109 148 3346 SH SOLE 3346 UNITED STATES STL CORP NEW COM 912909108 12132 314711 SH SOLE 314711 UNITED STS 12 MONTH OIL FD L UNIT BEN INT 91288V103 167 4574 SH SOLE 4574 UNIVERSAL STAINLESS & ALLOY COM 913837100 324 20237 SH SOLE 20237 US ECOLOGY INC COM 91732J102 6617 454182 SH SOLE 454182 US GOLD CORPORATION COM PAR $0.10 912023207 15260 3045839 SH SOLE 3045839 USEC INC COM 90333E108 6885 1446403 SH SOLE 1446403 VALE S A ADR 91912E105 33666 1382569 SH SOLE 1382569 VALERO ENERGY CORP NEW COM 91913Y100 11389 633427 SH SOLE 633427 VEECO INSTRS INC DEL COM 922417100 4078 118959 SH SOLE 118959 VEOLIA ENVIRONNEMENT SPONSORED ADR 92334N103 2414 103291 SH SOLE 103291 VIMPELCOM LTD SPONSORED ADR 92719A106 72115 4457049 SH SOLE 4457049 VISTA GOLD CORP COM NEW 927926303 2877 1692107 SH SOLE 1692107 WALTER ENERGY INC COM 93317Q105 49606 815213 SH SOLE 815213 WASTE CONNECTIONS INC COM 941053100 1072 30722 SH SOLE 30722 WASTE MGMT INC DEL COM 94106L109 2548 81429 SH SOLE 81429 WASTE SERVICES INC DEL COM NEW 941075202 1034 88711 SH SOLE 88711 WEATHERFORD INTERNATIONAL LT REG H27013103 93504 7116002 SH SOLE 7116002 WEYERHAEUSER CO COM 962166104 531 15075 SH SOLE 15075 WHITING PETE CORP NEW COM 966387102 42633 542000 SH SOLE 542000 WILLIAMS COS INC DEL COM 969457100 235 12841 SH SOLE 12841 WIMM BILL DANN FOODS OJSC SPONSORED ADR 97263M109 10720 602251 SH SOLE 602251 WMS INDS INC COM 929297109 2440 62168 SH SOLE 62168 WORTHINGTON INDS INC COM 981811102 3045 236742 SH SOLE 236742 WYNN RESORTS LTD COM 983134107 6277 82300 SH SOLE 82300 YAMANA GOLD INC COM 98462Y100 293376 28483112 SH SOLE 28483112 YINGLI GREEN ENERGY HLDG CO ADR 98584B103 4175 410161 SH SOLE 410161