EX-8.1 2 exhibit8-1.htm LIST OF SIGNIFICANT SUBSIDIARIES OF MFC INDUSTRIAL LTD AS AT MARCH 31, 2014

Exhibit 8.1

MFC INDUSTRIAL LTD.

LIST OF SIGNIFICANT SUBSIDIARIES AS AT MARCH 31, 2014

| Country of Incorporation |  | Beneficial 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 Metal Trading GmbH | Austria |  | 100 | %
Kasese Cobalt Company Limited | Uganda |  | 100 | %(2)
AFM Aluminiumfolie Merseburg GmbH | Germany |  | 55 | %
MAW Mansfelder Aluminiumwerk GmbH | Germany |  | 55 | %
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 | %
Compton Holding Austria GmbH | Austria |  | 100 | %
Compton Petroleum Austria GmbH | Austria |  | 100 | %
GPT Global Pellets Trading GmbH | Austria |  | 100 | %
MFC Energy Corporation | Canada |  | 100 | %
MFC Energy (Montana), Inc. | U.S. |  | 100 | %
Mazeppa Processing Partnership | Canada |  | 100 | %
MFC Resources Inc. | U.S. |  | 100 | %
ACC Resources S.R.L. | Argentina |  | 100 | %
Possehl Mexico S.A. de C.V. | Mexico |  | 60 | %

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Notes:

(1) |  | Percentages rounded to nearest whole number.
(2) |  | We derive 100% beneficial benefit from the subsidiary from our holding of a shareholder loan and 75% share capital.