| Blackstone Ventures Inc. : 60% |
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Sulfidmalm has exercised a back-in option to increase its interest in the Espedalen Project from 40% to 60% and is responsible for funding the current exploration program. In order to fully exercise this option Sulfidmalm is required to expend Can$4.95 million before December 31, 2008. |
| Xstrata plc : 40% |
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A/S Sulfidmalm is a wholly owned subsidiary of Falconbridge. Held by Falconbridge prior to merger with Noranda - the resulting company was named Falconbridge Ltd. |