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. |