0000869178-11-000067.txt : 20110810
0000869178-11-000067.hdr.sgml : 20110810
20110810113127
ACCESSION NUMBER: 0000869178-11-000067
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110810
DATE AS OF CHANGE: 20110810
EFFECTIVENESS DATE: 20110810
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: VAN ECK ASSOCIATES CORP
CENTRAL INDEX KEY: 0000869178
IRS NUMBER: 133210061
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-02783
FILM NUMBER: 111023234
BUSINESS ADDRESS:
STREET 1: 335 MADISON AVENUE
STREET 2: 19TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 2122932000
MAIL ADDRESS:
STREET 1: 335 MADISON AVENUE
STREET 2: 19TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
13F-HR
1
june11.txt
HOLDINGS REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: VAN ECK ASSOCIATES CORP.
Address: 335 MADISON AVENUE- 19TH FLOOR
NEW YORK, NY 10017
13F File Number: 28-02783
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: RUSSELL BRENNAN
Title: ASSISTANT VICE PRESIDENT
Phone: (212) 293-2125
Signature, Place, and Date of Signing:
RUSSELL BRENNAN NEW YORK, NY August 09, 2011
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
028- Van Eck Associates Corp
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 292
Form 13F Information Table Value Total: $19,484,893 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AGCO CORP COM 001084102 78513 1590618 SH SOLE 1590618 0 0
AGNICO EAGLE MINES LTD COM 008474108 526286 8336549 SH SOLE 8175749 0 160800
AGRIUM INC COM 008916108 232208 2645949 SH SOLE 2645949 0 0
AK STL HLDG CORP COM 001547108 3064 194399 SH SOLE 194399 0 0
ALCOA INC COM 013817101 592 37318 SH SOLE 37318 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 10404 163914 SH SOLE 163914 0 0
ALLIED NEVADA GOLD CORP COM 019344100 28434 803914 SH SOLE 747914 0 56000
ALPHA NATURAL RESOURCES INC COM 02076X102 318548 7010295 SH SOLE 6963472 0 46823
ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 120 5535 SH SOLE 5535 0 0
AMERICAN SUPERCONDUCTOR CORP COM 030111108 1204 133188 SH SOLE 133188 0 0
AMERISTAR CASINOS INC COM 03070Q101 878 37040 SH SOLE 37040 0 0
ANADARKO PETE CORP COM 032511107 313675 4086439 SH SOLE 4053689 0 32750
ANDERSONS INC COM 034164103 13119 310503 SH SOLE 310503 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 436623 10373554 SH SOLE 10263554 0 110000
APACHE CORP COM 037411105 114104 924746 SH SOLE 916946 0 7800
AQUA AMERICA INC COM 03836W103 357 16222 SH SOLE 16222 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 20823 599038 SH SOLE 599038 0 0
ARCH COAL INC COM 039380100 27120 1017261 SH SOLE 1017261 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 280769 9312399 SH SOLE 9312399 0 0
AURIZON MINES LTD COM 05155P106 55282 9889464 SH SOLE 9743564 0 145900
BAKER HUGHES INC COM 057224107 1007 13880 SH SOLE 13880 0 0
BALLY TECHNOLOGIES INC COM 05874B107 2017 49580 SH SOLE 49580 0 0
BANCO MACRO SA SPON ADR B 05961W105 211 5582 SH SOLE 5582 0 0
BanColombia SA SPON ADR PREF 05968L102 127 1900 SH SOLE 1900 0 0
BARRICK GOLD CORP COM 067901108 1057281 23344692 SH SOLE 23344692 0 0
BERRY PETE CO CL A 085789105 93206 1754303 SH SOLE 1740314 0 13989
BOYD GAMING CORP COM 103304101 561 64462 SH SOLE 64462 0 0
BPZ RESOURCES INC COM 055639108 92 28127 SH SOLE 28127 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 249971 14424149 SH SOLE 14424149 0 0
BRIGHAM EXPLORATION CO COM 109178103 123536 4127500 SH SOLE 4092400 0 35100
BUCYRUS INTL INC NEW COM 118759109 27181 296544 SH SOLE 296544 0 0
BUNGE LIMITED COM G16962105 170326 2470276 SH SOLE 2470276 0 0
CABOT OIL & GAS CORP COM 127097103 178774 2696036 SH SOLE 2674436 0 21600
CALGON CARBON CORP COM 129603106 1299 76418 SH SOLE 76418 0 0
CAMECO CORP COM 13321L108 9437 358123 SH SOLE 358123 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 122467 2435225 SH SOLE 2415825 0 19400
CANADIAN NAT RES LTD COM 136385101 1466 35022 SH SOLE 35022 0 0
CANADIAN SOLAR INC COM 136635109 518 45014 SH SOLE 45014 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 4477 77613 SH SOLE 77613 0 0
CASELLA WASTE SYS INC CL A 147448104 642 105252 SH SOLE 105252 0 0
CASTLE A M & CO COM 148411101 674 40589 SH SOLE 40589 0 0
CENTRAL EUROPEAN DIST CORP COM 153435102 1948 173901 SH SOLE 173901 0 0
CF INDS HLDGS INC COM 125269100 169906 1199310 SH SOLE 1199310 0 0
CHESAPEAKE ENERGY CORP COM 165167107 624 21003 SH SOLE 21003 0 0
CHEVRON CORP NEW COM 166764100 6602 64199 SH SOLE 64199 0 0
CHINA SUNERGY CO LTD SPON ADR 16942X104 65 32724 SH SOLE 32724 0 0
CHIQUITA BRANDS INTL INC COM 170032809 9776 750817 SH SOLE 750817 0 0
CHURCHILL DOWNS INC COM 171484108 615 13633 SH SOLE 13633 0 0
CIMAREX ENERGY CO COM 171798101 174601 1941732 SH SOLE 1926832 0 14900
CLEAN HARBORS INC COM 184496107 1354 13111 SH SOLE 13111 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 102105 1104440 SH SOLE 1097140 0 7300
CLOUD PEAK ENERGY INC COM 18911Q102 8645 405851 SH SOLE 405851 0 0
CNH GLOBAL N V SHS NEW N20935206 152603 3948335 SH SOLE 3948335 0 0
COEUR D ALENE MINES CORP IDA COM NEW 192108504 76299 3145033 SH SOLE 3145033 0 0
COMMERCIAL METALS CO COM 201723103 2921 203529 SH SOLE 203529 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 399 6685 SH SOLE 6685 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 11348 910731 SH SOLE 910731 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 302289 7959165 SH SOLE 7959165 0 0
CONCHO RES INC COM 20605P101 115258 1254851 SH SOLE 1244151 0 10700
CONOCOPHILLIPS COM 20825C104 3394 45141 SH SOLE 45141 0 0
CONSOL ENERGY INC COM 20854P109 241905 4989784 SH SOLE 4957884 0 31900
CONSTELLATION ENERGY GROUP I COM 210371100 7885 207725 SH SOLE 207725 0 0
CONTINENTAL RESOURCES INC COM 212015101 101 1557 SH SOLE 1557 0 0
COPA HOLDINGS SA CL A P31076105 3350 50200 SH SOLE 50200 0 0
CORN PRODS INTL INC COM 219023108 70872 1282060 SH SOLE 1282060 0 0
COSAN LTD SHS A G25343107 40184 3269613 SH SOLE 3269613 0 0
COVANTA HLDG CORP COM 22282E102 5912 358536 SH SOLE 358536 0 0
CREE INC COM 225447101 7294 217144 SH SOLE 217144 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 13614 838309 SH SOLE 838309 0 0
CTC MEDIA INC COM 12642X106 16376 768107 SH SOLE 768107 0 0
CUMMINS INC COM 231021106 47667 460600 SH SOLE 457100 0 3500
Daqo New Energy Corp SPON ADR 23703Q104 157 20066 SH SOLE 20066 0 0
DARLING INTL INC COM 237266101 36057 2037126 SH SOLE 2037126 0 0
DEERE & CO COM 244199105 395872 4801355 SH SOLE 4801355 0 0
DENBURY RES INC COM NEW 247916208 254 12687 SH SOLE 12687 0 0
DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 122 4822 SH SOLE 4822 0 0
DEVON ENERGY CORP NEW COM 25179M103 1065 13509 SH SOLE 13509 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 164402 2334920 SH SOLE 2316120 0 18800
DOMTAR CORP COM NEW 257559203 396 4182 SH SOLE 4182 0 0
DRDGOLD LIMITED SPON ADR NEW 26152H301 2568 530513 SH SOLE 530513 0 0
DRIL-QUIP INC COM 262037104 126175 1860166 SH SOLE 1845466 0 14700
Ecopetrol SA SPONSORED ADR 279158109 162 3673 SH SOLE 3673 0 0
EL PASO CORP COM 28336L109 496 24557 SH SOLE 24557 0 0
ELDORADO GOLD CORP NEW COM 284902103 324351 22004810 SH SOLE 21673260 0 331550
ENBRIDGE INC COM 29250N105 803 24729 SH SOLE 24729 0 0
ENCANA CORP COM 292505104 723 23484 SH SOLE 23484 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 31062 3697885 SH SOLE 3697885 0 0
ENERGY CONVERSION DEVICES IN COM 292659109 88 74883 SH SOLE 74883 0 0
ENERGYSOLUTIONS INC COM 292756202 7194 1456321 SH SOLE 1456321 0 0
ENERSYS COM 29275Y102 3727 108280 SH SOLE 108280 0 0
ENSCO PLC SPONSORED ADR 29358Q109 85476 1603681 SH SOLE 1591181 0 12500
EOG RES INC COM 26875P101 896 8573 SH SOLE 8573 0 0
EQT CORP COM 26884L109 251 4772 SH SOLE 4772 0 0
EXELON CORP COM 30161N101 11764 274612 SH SOLE 274612 0 0
EXETER RES CORP COM 301835104 15123 3617997 SH SOLE 3617997 0 0
EXXON MOBIL CORP COM 30231G102 12802 157317 SH SOLE 157317 0 0
FIRST CASH FINL SVCS INC COM 31942D107 3057 72804 SH SOLE 72804 0 0
FIRST SOLAR INC COM 336433107 17769 134342 SH SOLE 134342 0 0
FMC TECHNOLOGIES INC COM 30249U101 344 7675 SH SOLE 7675 0 0
Focus Media Holding Ltd SPONSORED ADR 34415V109 2955 95000 SH SOLE 95000 0 0
FOSTER L B CO COM 350060109 598 18162 SH SOLE 18162 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 1758 33235 SH SOLE 33235 0 0
FREIGHTCAR AMER INC COM 357023100 2016 79552 SH SOLE 79552 0 0
FUEL TECH INC COM 359523107 661 99740 SH SOLE 99740 0 0
GAFISA S A SPONS ADR 362607301 31123 3289973 SH SOLE 3289973 0 0
GAMMON GOLD INC COM 05155c105 166217 15124370 SH SOLE 15015633 0 108737
GENERAL MARITIME CORP NEW SHS Y2693R101 9228 6835600 SH SOLE 6784600 0 51000
GENERAL MOLY INC COM 370373102 8003 1794435 SH SOLE 1794435 0 0
GERDAU S A SPONSORED ADR 373737105 11635 1106030 SH SOLE 1106030 0 0
GIBRALTAR INDS INC COM 374689107 607 53610 SH SOLE 53610 0 0
GLOBAL CASH ACCESS HLDGS INC COM 378967103 236 74145 SH SOLE 74145 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 299811 20549105 SH SOLE 20549105 0 0
Gold Resource Corp COM 38068T105 371 14877 SH SOLE 14877 0 0
GOLDCORP INC NEW COM 380956409 1173631 24313884 SH SOLE 24013555 0 300329
GOLDEN STAR RES LTD CDA COM 38119T104 44994 20452017 SH SOLE 20452017 0 0
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 542 13234 SH SOLE 13234 0 0
GRAN TIERRA ENERGY INC COM 38500T101 619 93643 SH SOLE 93643 0 0
Graphic Packaging Holding Co COM 388689101 70 12923 SH SOLE 12923 0 0
GREAT BASIN GOLD LTD COM 390124105 47451 22703715 SH SOLE 22079815 0 623900
GREEN PLAINS RENEWABLE ENERG COM 393222104 10650 987000 SH SOLE 979000 0 8000
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 380 6452 SH SOLE 6452 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 91 6738 SH SOLE 6738 0 0
GRUPO SIMEC S A B DE C V ADR 400491106 2205 292482 SH SOLE 292482 0 0
GT SOLAR INTL INC COM 3623E0209 3041 187740 SH SOLE 187740 0 0
HALLIBURTON CO COM 406216101 320143 6277321 SH SOLE 6226921 0 50400
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 199677 15104189 SH SOLE 15104189 0 0
Harvest Natural Resources Inc COM 41135V103 445 62291 SH SOLE 62291 0 0
HEADWATERS INC COM 42210P102 1267 404893 SH SOLE 404893 0 0
HECLA MNG CO COM 422704106 75427 9808469 SH SOLE 9808469 0 0
HELMERICH & PAYNE INC COM 423452101 226 3416 SH SOLE 3416 0 0
HESS CORP COM 42809H107 722 9657 SH SOLE 9657 0 0
HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 3233 85000 SH SOLE 85000 0 0
IAMGOLD CORP COM 450913108 504554 26895177 SH SOLE 26329989 0 565188
IESI BFC LTD COM 74339G101 1303 52320 SH SOLE 52320 0 0
IMPERIAL OIL LTD COM NEW 453038408 378 8121 SH SOLE 8121 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 6061 344747 SH SOLE 344747 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 4417 157919 SH SOLE 157919 0 0
INTL PAPER CO COM 460146103 1329 44566 SH SOLE 44566 0 0
INTREPID POTASH INC COM 46121Y102 40399 1243042 SH SOLE 1243042 0 0
iShares MSCI All Peru Capped I MSCI PERU CAP 464289842 161 4275 SH SOLE 4275 0 0
ISLE OF CAPRI CASINOS INC COM 464592104 202 22846 SH SOLE 22846 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 3344 142000 SH SOLE 142000 0 0
ITRON INC COM 465741106 4617 95864 SH SOLE 95864 0 0
JA SOLAR HOLDINGS CO LTD SPON ADR 466090107 1208 217734 SH SOLE 217734 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 40075 926600 SH SOLE 919400 0 7200
JAGUAR MNG INC COM 47009M103 22257 4656226 SH SOLE 4656226 0 0
JAMES RIVER COAL CO COM NEW 470355207 4924 236508 SH SOLE 236508 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 501 18899 SH SOLE 18899 0 0
JOY GLOBAL INC COM 481165108 51432 540021 SH SOLE 540021 0 0
KEY ENERGY SVCS INC COM 492914106 48704 2705800 SH SOLE 2684200 0 21600
KINROSS GOLD CORP COM NO PAR 496902404 517654 32762906 SH SOLE 32639883 0 123023
LAS VEGAS SANDS CORP COM 517834107 16978 402234 SH SOLE 402234 0 0
LAYNE CHRISTENSEN CO COM 521050104 1380 45485 SH SOLE 45485 0 0
LDK SOLAR CO LTD SPONSORED ADR 50183L107 826 112527 SH SOLE 112527 0 0
LINDSAY CORP COM 535555106 14497 210710 SH SOLE 210710 0 0
LOUISIANA PAC CORP COM 546347105 66935 8223000 SH SOLE 8159900 0 63100
MAG SILVER CORP COM 55903Q104 139 13930 SH SOLE 13930 0 0
MARATHON OIL CORP COM 565849106 1198 22741 SH SOLE 22741 0 0
Market Vectors China ETF CHINA A SHS ETF 57060U597 4350 100000 SH SOLE 100000 0 0
Market Vectors Emerging Market EM LC CURR DBT 57060U522 614 22370 SH SOLE 22370 0 0
Market Vectors India Small-Cap INDIA SMALL CP 57060U563 270 16620 SH SOLE 16620 0 0
MCDERMOTT INTL INC COM 580037109 148 7490 SH SOLE 7490 0 0
MEADWESTVACO CORP COM 583334107 576 17295 SH SOLE 17295 0 0
MECHEL OAO SPONSORED ADR 583840103 53140 2224375 SH SOLE 2224375 0 0
MELCO CROWN ENTMT LTD ADR 585464100 3221 252254 SH SOLE 252254 0 0
MEMC ELECTR MATLS INC COM 552715104 6957 815576 SH SOLE 815576 0 0
MESABI TR CTF BEN INT 590672101 30 900 SH SOLE 900 0 0
METALICO INC COM 591176102 643 108899 SH SOLE 108899 0 0
MGM RESORTS INTERNATIONAL COM 552953101 4229 320142 SH SOLE 320142 0 0
Micromet Inc COM 59509C105 16 2726 SH SOLE 2726 0 0
MINEFINDERS LTD COM 602900102 82931 6374421 SH SOLE 6374421 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 87000 4574135 SH SOLE 4574135 0 0
MOLYCORP INC DEL COM 608753109 33697 551859 SH SOLE 551859 0 0
MONSANTO CO NEW COM 61166W101 440292 6069642 SH SOLE 6069642 0 0
MOSAIC CO COM 61945C103 400389 5911546 SH SOLE 5901246 0 10300
MURPHY OIL CORP COM 626717102 406 6177 SH SOLE 6177 0 0
NABORS INDUSTRIES LTD SHS G6359F103 226 9177 SH SOLE 9177 0 0
NALCO HOLDING COMPANY COM 62985Q101 1817 65329 SH SOLE 65329 0 0
NATIONAL OILWELL VARCO INC COM 637071101 50337 643611 SH SOLE 638911 0 4700
NEVSUN RES LTD COM 64156L101 42065 6918577 SH SOLE 6918577 0 0
NEW GOLD INC CDA COM 644535106 203568 19783112 SH SOLE 19394732 0 388380
NEWFIELD EXPL CO COM 651290108 286371 4210098 SH SOLE 4175548 0 34550
NEWMONT MINING CORP COM 651639106 951367 17627708 SH SOLE 17443208 0 184500
NEWPARK RES INC COM PAR $.01NEW 651718504 1510 166538 SH SOLE 166538 0 0
NEXEN INC COM 65334H102 379 16830 SH SOLE 16830 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 317 8053 SH SOLE 8053 0 0
NOBLE ENERGY INC COM 655044105 121008 1350086 SH SOLE 1338636 0 11450
NORTHGATE MINERALS CORP COM 666416102 88037 33860436 SH SOLE 32971836 0 888600
NUCOR CORP COM 670346105 10343 250929 SH SOLE 250929 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 256725 2467560 SH SOLE 2447960 0 19600
OLYMPIC STEEL INC COM 68162K106 529 19219 SH SOLE 19219 0 0
Oriental Financial Group Inc COM 68618W100 184 14298 SH SOLE 14298 0 0
ORMAT TECHNOLOGIES INC COM 686688102 52 2346 SH SOLE 2346 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 41053 1189945 SH SOLE 1189945 0 0
PACKAGING CORP AMER COM 695156109 286 10223 SH SOLE 10223 0 0
PAN AMERICAN SILVER CORP COM 697900108 154993 5017588 SH SOLE 4920088 0 97500
Paramount Gold and Silver Corp COM 69924P102 13030 3996784 SH SOLE 3996784 0 0
PATRIOT COAL CORP COM 70336T104 13530 607839 SH SOLE 607839 0 0
PEABODY ENERGY CORP COM 704549104 51618 876211 SH SOLE 876211 0 0
PENN NATL GAMING INC COM 707569109 3107 77020 SH SOLE 77020 0 0
PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 624 448821 SH SOLE 448821 0 0
PETROHAWK ENERGY CORP COM 716495106 233437 9462402 SH SOLE 9386502 0 75900
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 84533 2496554 SH SOLE 2478954 0 17600
PILGRIMS PRIDE CORP NEW COM 72147K108 102 18917 SH SOLE 18917 0 0
PINNACLE ENTMT INC COM 723456109 1061 71178 SH SOLE 71178 0 0
PIONEER NAT RES CO COM 723787107 164189 1833084 SH SOLE 1818384 0 14700
PLAINS EXPL& PRODTN CO COM 726505100 172 4503 SH SOLE 4503 0 0
POSCO SPONSORED ADR 693483109 14538 133840 SH SOLE 133840 0 0
POTASH CORP SASK INC COM 73755L107 633298 11112444 SH SOLE 11089644 0 22800
Puda Coal Inc COM PAR $.001 744674300 248 95511 SH SOLE 95511 0 0
QEP RES INC COM 74733V100 171664 4103845 SH SOLE 4071245 0 32600
RANDGOLD RES LTD ADR 752344309 473671 5635583 SH SOLE 5527583 0 108000
RANGE RES CORP COM 75281A109 285 5130 SH SOLE 5130 0 0
RARE ELEMENT RES LTD COM 75381M102 12522 1129132 SH SOLE 1129132 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 9990 201218 SH SOLE 201218 0 0
RENESOLA LTD SPONS ADS 75971T103 500 95757 SH SOLE 95757 0 0
RENTECH INC COM 760112102 647 610056 SH SOLE 610056 0 0
REPUBLIC SVCS INC COM 760759100 3163 102537 SH SOLE 102537 0 0
RIO TINTO PLC SPONSORED ADR 767204100 26789 370423 SH SOLE 370423 0 0
ROCK-TENN CO CL A 772739207 460 6936 SH SOLE 6936 0 0
ROYAL GOLD INC COM 780287108 143293 2446531 SH SOLE 2400231 0 46300
RTI INTL METALS INC COM 74973W107 22246 579785 SH SOLE 579785 0 0
SCHLUMBERGER LTD COM 806857108 296260 3428935 SH SOLE 3399935 0 29000
SCHNITZER STL INDS CL A 806882106 2828 49105 SH SOLE 49105 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 755 73024 SH SOLE 73024 0 0
SEABOARD CORP COM 811543107 193 80 SH SOLE 80 0 0
SEABRIDGE GOLD INC COM 811916105 40926 1450774 SH SOLE 1450774 0 0
SHAW GROUP INC COM 820280105 1251 41426 SH SOLE 41426 0 0
SHUFFLE MASTER INC COM 825549108 582 62211 SH SOLE 62211 0 0
SILVER STD RES INC COM 82823L106 166204 6227195 SH SOLE 6227195 0 0
SILVER WHEATON CORP COM 828336107 374702 11354602 SH SOLE 11242602 0 112000
SILVERCORP METALS INC COM 82835P103 40165 4282000 SH SOLE 4190000 0 92000
SMITHFIELD FOODS INC COM 832248108 60929 2785950 SH SOLE 2785950 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 128802 1990137 SH SOLE 1990137 0 0
SOUTHERN COPPER CORP COM 84265V105 196 5964 SH SOLE 5964 0 0
SOUTHWESTERN ENERGY CO COM 845467109 476 11110 SH SOLE 11110 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 215089 1473200 SH SOLE 1464900 0 8300
SPECTRA ENERGY CORP COM 847560109 569 20758 SH SOLE 20758 0 0
STEEL DYNAMICS INC COM 858119100 76093 4682621 SH SOLE 4648421 0 34200
STERICYCLE INC COM 858912108 3225 36183 SH SOLE 36183 0 0
STERLITE INDS INDIA LTD ADS 859737207 106 7075 SH SOLE 7075 0 0
SUNCOR ENERGY INC NEW COM 867224107 1965 50243 SH SOLE 50243 0 0
SUNPOWER CORP COM CL A 867652109 3813 197263 SH SOLE 197263 0 0
SUNTECH PWR HLDGS CO LTD ADR 86800C104 3894 494805 SH SOLE 494805 0 0
SUPERIOR INDS INTL INC COM 868168105 165 7484 SH SOLE 7484 0 0
Taiwan Semiconductor Manufactu SPONSORED ADR 874039100 241 19090 SH SOLE 19090 0 0
TALISMAN ENERGY INC COM 87425E103 674 32911 SH SOLE 32911 0 0
TAM SA SP ADR REP PFD 87484D103 26070 1194212 SH SOLE 1194212 0 0
TANZANIAN ROYALTY EXPL CORP COM 87600U104 21685 3310724 SH SOLE 3310724 0 0
TECK RESOURCES LTD CL B 878742204 82488 1625695 SH SOLE 1611995 0 13700
TEMPLE INLAND INC COM 879868107 328 11040 SH SOLE 11040 0 0
TENARIS S A SPONSORED ADR 88031M109 345 7540 SH SOLE 7540 0 0
TEREX CORP NEW COM 880779103 68431 2405300 SH SOLE 2387400 0 17900
TERNIUM SA SPON ADR 880890108 9647 326673 SH SOLE 326673 0 0
TESLA MOTORS INC COM 88160R101 2924 100384 SH SOLE 100384 0 0
TETRA TECH INC NEW COM 88162G103 1303 57923 SH SOLE 57923 0 0
TIMKEN CO COM 887389104 10066 199724 SH SOLE 199724 0 0
TITANIUM METALS CORP COM NEW 888339207 26777 1461606 SH SOLE 1461606 0 0
TRACTOR SUPPLY CO COM 892356106 1184 17699 SH SOLE 17699 0 0
TRANSCANADA CORP COM 89353D107 983 22433 SH SOLE 22433 0 0
TRANSOCEAN LTD REG SHS H8817H100 659 10206 SH SOLE 10206 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 6535 291476 SH SOLE 291476 0 0
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