Global Materials High ROE Growth Engines

AngloGold Ashanti

Market Cap: US$53.6b

Operates as a gold mining company in Africa, Australia, and the Americas.

Gold Fields

Market Cap: R755.1b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

Polyus

Market Cap: ₽1.1t

Public Joint Stock Company Polyus, together with its subsidiaries, engages in the extraction, refining, and sale of gold.

Solar Industries India

Market Cap: ₹1.2t

Engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally.

Harmony Gold Mining

Market Cap: R202.6b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia.

Jordan Phosphate Mines

Market Cap: د.أ7.8b

Engages in the mining and processing of phosphate ore.

Wanguo Gold Group

Market Cap: HK$71.0b

An investment holding company, engages in mining, ore processing, and sale of concentrate products in the People’s Republic of China and Solomon Islands.

National Aluminium

Market Cap: ₹631.9b

Engages in the manufacture and sale of alumina and aluminum products in India and internationally.

Greatland Resources

Market Cap: AU$8.3b

Operates as a gold and copper mining company.

Minsur

Market Cap: S/19.5b

Operates as a mining company in Peru and Brazil.

Magnitogorsk Iron & Steel Works

Market Cap: ₽352.0b

Public Joint Stock Company Magnitogorsk Iron & Steel Works, together with its subsidiaries, produces and sells ferrous metal products in Russia and the CIS countries, the Middle East, South Africa, Asia, Europe, North America, and Africa.

Nanshan Aluminium International Holdings

Market Cap: HK$38.2b

An investment holding company, engages in the production and sale of alumina in Malaysia, Hong Kong, Singapore, Indonesia, and South Korea.

K92 Mining

Market Cap: CA$6.7b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Pan African Resources

Market Cap: UK£3.2b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Corporación Moctezuma. de

Market Cap: Mex$70.6b

Engages in the production, distribution, and sale of Portland cement, mortar, white cement, ready-mixed concrete and aggregates in Mexico.

Southern Peru Copper Corporation - Sucursal del Peru

Market Cap: S/11.6b

Engages in the mining, milling, and floatation of ore to produce copper concentrates.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Compañía Minera Poderosa

Market Cap: S/10.0b

Engages in the exploitation, extraction, and precipitation of gold in Peru.

West African Resources

Market Cap: AU$4.1b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

DRDGOLD

Market Cap: US$2.9b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

Ciments du Maroc Société Anonyme

Market Cap: د.م25.9b

Engages in the manufacture and sale of cement in Morocco.

Wesdome Gold Mines

Market Cap: CA$3.5b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Lafarge Africa

Market Cap: ₦3.1t

Manufactures, markets, and sells cement and other cementitious products in Nigeria.

Misr Fertilizer Production

Market Cap: ج.م106.1b

Engages in the production and sale of fertilizers, ammonia, and nitrogen in Egypt.

Kazan Organichesky sintez

Market Cap: ₽125.0b

Kazan Public Joint Stock Company Organichesky sintez, together with its subsidiaries, produces and sells chemical products in Russia.

Castrol India

Market Cap: ₹186.2b

Manufactures and markets automotive and industrial lubricants in India and internationally.

Abu Qir Fertilizers and Chemical Industries (S.A.E.)

Market Cap: ج.م86.7b

Abu Qir Fertilizers and Chemical Industries Co.

AlzChem Group

Market Cap: €1.5b

Develops, produces, and markets a range of chemical specialties in Germany, European Union, rest of Europe, Asia, NAFTA region, and internationally.

Mineros

Market Cap: Col$5.9t

Engages in the exploration, development, and production of gold in Central and South America.

Apex Mining

Market Cap: ₱87.2b

Engages in exploration and production of metals and minerals in the Philippines.

Jiangsu Zhengdan Chemical Industry

Market Cap: CN¥10.3b

Jiangsu Zhengdan Chemical Industry Co., Ltd.

Altius Minerals

Market Cap: CA$2.0b

Engages in the mineral and renewable royalties and project generation businesses in Canada, Brazil, and the United States.

Hemlo Mining

Market Cap: CA$2.0b

Operates as a gold production company.

Vinacomin - Minerals Holding

Market Cap: ₫34.0t

Engages in mining and mineral processing business.

Guizhou Zhongyida

Market Cap: CN¥8.8b

Produces and sells fine chemical products in the People’s Republic of China.

Fatima Fertilizer

Market Cap: PK₨355.6b

Engages in buying, manufacturing, producing, importing, exporting, and selling of fertilizers and chemicals in Pakistan.