Hydromine, Inc. (“Hydromine”) is a natural resource project development company principally involved in a variety of natural resource development projects, as well as power generation principally utilizing highly cost effective, renewable, environmentally friendly energy technologies developed by it. Our principal officers have many years of successful project development, engineering, operational, financial and legal experience in such project development on a global basis. The Company (including its affiliates and predecessors) has been engaged in developing a variety of mineral projects including bauxite, iron ore, magnesium, nickel and coal, along with the mining and processing of those minerals into intermediary products, such as pig iron and metallurgical coke, plus the final step of making aluminum and steel.

Hydromine is headquartered and operated in New York and was established by Peter L. Briger, Sr., following a lengthy career in the arrangement of project finance for natural resource development projects. Mr. Briger also served in the U.S. Treasury Department in the administrations of John F. Kennedy and Lyndon B. Johnson. The Hydromine team also includes Toufik El Tal in our Dubai office, who was formerly a banker with extensive experience in project development, as well as an advisor to Rafiq al-Hariri during his period as Prime Minister of Lebanon, and Tom Newton, an innovative engineer who was formerly a senior executive officer with several major power companies, including AES, Southern Company, and Marubeni. The members of the Hydromine Advisory Board include:

1. Eliezer Batista da Silva, former CEO of Companhia Vale do Rio Doce, Minister of Mines and Energy of the Federative Republic of Brazil and Brazilian State Secretary for Development;
2. Everaldo Santos, former Executive Vice President of Alcan;
3. Robert Lyle, Advisor to the World Energy Council on Sovereign, Political and Emerging Market risks, Director of the Commonwealth Disaster Management Agency, a Founder Director of Berry Palmer and Lyle (BPL-Global), Vice president of the Overseas Territories British Red Cross Society, previous Advisor to Kissinger Assoc for China, advisor to the Russian Government on investment insurance and China International economic Consultants and the African trade Insurance (COMESA) Agency;
4. Neville Chamberlain, former Chief Executive of British Nuclear Fuels and former Chairman of Urenco; and
5. Norbert Heil, special advisor to the German Ministry of Economics and Technology, the Ministry for the Environment, Nature Conservation and Nuclear Safety and the Ministry of the Interior.

Examples of Hydromine’s current projects include:

1. A major bauxite mining/alumina refinery project in the Republic of Cameroon, with its partners, Dubai Aluminium Company Ltd., the seventh largest producer of primary aluminum in the world, and Hindalco Industries Ltd., the metals flagship company of the Aditya Birla Group, with the aim of mining 8 to 9 million tons of bauxite annually and building a 3 million ton per year alumina refinery to convert the bauxite into alumina. The currently estimated capital cost of this bauxite mining/alumina refinery project is U.S. $5-6 billion.
2. Hydromine and other partners have been selected by the Government of a North African country to develop a U.S. $7.5 billion 700,000 ton per annum aluminum smelter and state-of-the-art 60 billion gallon per annum desalination facility, that will utilize CO2 capture for Enhanced Oil Recovery (EOR) which involves a 1400 MW power plant development in the country, along with port upgrades and a 200 MW solar power component to be used to support the desalination facility.
3. Hydromine, together with two other partners, has been selected by the Polish Government to undertake a major clean coal, CO2 capture project in Poland pursuant to which the CO2, through the use of cost effective renewable solar and biomas derived energy will, together with hydrogen derived from the electrolysis of water, will be converted into a series of clean burning fuels such as methanol, dimethyl ether and/or benzene.
4. Hydromine and two separate groups of investors, which Hydromine has assembled, including major sovereign investment funds and other groups from the Gulf and elsewhere, are developing two projects in the petroleum and gas sector in Angola, namely: (i) the development, construction and operation of a 250,000 to 350,000 barrel per day petroleum refinery in Soyo devoted principally to export markets; and (ii) an undertaking, in partnership with Sonangol, for the extensive exploration, development and production activities with respect to promising blocs in Angola.
5. Hydromine is currently developing, in association with its partners, including at least one sovereign investment fund and a major international petroleum company, a large scale ethanol project in Brazil, including the establishment and operation of a pipeline facility to a port capable of handling large-sized product carriers such as Panamax or Suezmax size vessels, and the possible acquisition and operation of product carriers to facilitate export of the ethanol to the United States, Europe and possibly Asia.

Large scale off-take agreements will be entered into with existing ethanol producers of up to the ethanol equivalent of 100,000 bbl of oil per day. At a later stage, Greenfield ethanol production will be undertaken in various locations. A major portion of this ethanol is also intended for export.

Aside from the technology component provided by Hydromine in connection with the projects developed by it, Hydromine also develops and implements the long term, cost effective financing required for these projects, as well as identifying the required equity investors and operational partners required for each aspect of the projects developed by it.