Company South American Iron and Steel Corp Ltd

South American Iron and Steel Corporation Limited (SAIS) is an Australia-based company engaged in mineral exploration for iron sands in South America, with an emphasis on Chile. The Company operates in four segments: Australia, Chile, Ecuador and Hong Kong. The Chile segment includes the Chilean entities, Inversiones Aconcagua Limitada, Inversiones Arenas Claras Limitada and Inversiones Arenas Maullin Limitada, which are owned by SAIS. The Ecuador segment includes the Ecuadorian exploration operation, Minera Fierro Inca Ecuador S.A., which is approximately 99.95% owned by SAIS, as well as the Ecuadorian agriculture operation, Agroindustrial Ana Julia S.A., which is over 99.95% owned by SAIS. The Hong Kong segment includes SAIS Gold Limited, which is formed to enable the Company to hold investment in Ample Success Investment Limited (Ample Success). Ample Success owns approximately 75% of the Yunnan Weishan Mineral Concession.