The purpose of the company is to trade, distribute and process iron ore and related products with the aim of increasing the value of these products by exploring and pursuing related business opportunities in Switzerland or abroad. The company may establish branches in Switzerland and abroad, set up subsidiaries, participate in other companies in Switzerland and abroad, and acquire, hold, manage, encumber, utilize and dispose of real estate and intellectual property rights. The company may provide direct or indirect financing to its direct or indirect subsidiaries, provide collateral of any kind for its own liabilities and those of its direct or indirect subsidiaries, including by way of pledges or fiduciary transfers or assignments of the company's assets, or provide guarantees, enter into sureties or otherwise secure or guarantee the obligations of the company or its direct or indirect subsidiaries, whether or not for consideration. Furthermore, it may engage in cash pooling with the aforementioned companies or join such a scheme, including periodic account balancing. All of this may be done by the company without consideration, on preferential terms, without interest, excluding the company's profit motive and assuming cluster risks. In addition, the company may engage in all commercial, financial and other activities that appear to promote the company's purpose or are related to it. In pursuing its corporate purpose, the company aims to create long-term, sustainable value.
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