Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Business Segment Information

Schedule of segment operating

Segment Operating Results

	Year ended December 31, 2019
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Revenue from external customers	$	5,496	$	100,184	$	7,565	$	22	$	113,267
Intersegment sale		—		6		3,455		948		4,409
Interest expense		—		323		601		26		950
Income (loss) before income taxes		4,419		(15,840)		4,800		(10,163)		(16,784)

	Year ended December 31, 2018 (Restated)
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Revenue from external customers	$	1,732	$	131,614	$	6,405	$	—	$	139,751
Intersegment sale		—		25		3,546		2,760		6,331
Interest expense		—		1,770		12		—		1,782
Income (loss) before income taxes		185,780		(25,469)		1,199		6,319		167,829

	Year ended December 31, 2017 (Restated)
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Revenue from external customers	$	8,868	$	259,682	$	5,484	$	1	$	274,035
Intersegment sale		—		361		5,244		1,843		7,448
Interest expense		—		4,098		833		—		4,931
Income (loss) before income taxes		7,435		(39,936)		2,647		(8,553)		(38,407)

	As at December 31, 2019
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Segment assets	$	222,385	$	162,772	$	117,790	$	402	$	503,349

	As at December 31, 2018 (Restated)
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Segment assets	$	224,043	$	195,642	$	86,369	$	859	$	506,913

	As at December 31, 2019
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Segment liabilities	$	53,489	$	37,482	$	45,808	$	4,556	$	141,335

	As at December 31, 2018 (Restated)
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Segment liabilities	$	55,369	$	48,784	$	7,168	$	1,186	$	112,507

Schedule of cash flow by operating segments

	Year ended December 31, 2019
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Cash (used in) provided by operating activities	$	(98)	$	1,678	$	(2,685)	$	(8,702)	$	(9,807)
Cash used in investing activities		—		(7,262)		(1,174)		(1,766)		(10,202)
Cash (used in) provided by financing activities		—		(532)		35,133		191		34,792
Exchange rate effect on cash and cash equivalents		—		(2,710)		(1,771)		212		(4,269)
Change in cash and cash equivalents	$	(98)	$	(8,826)	$	29,503	$	(10,065)	$	10,514

	Year ended December 31, 2018
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Cash provided by (used in) operating activities	$	300	$	(3,345)	$	3,844	$	(7,990)	$	(7,191)
Cash provided by (used in) investing activities		—		46		(286)		(1,041)		(1,281)
Cash (used in) provided by financing activities		—		(858)		1		—		(857)
Exchange rate effect on cash and cash equivalents		—		1,672		577		(30)		2,219
Change in cash and cash equivalents	$	300	$	(2,485)	$	4,136	$	(9,061)	$	(7,110)

	Year ended December 31, 2017
	Iron Ore		Industrial		Merkanti
	Royalty		Equity		Holding		All Other		Total
Cash provided by (used in) operating activities	$	5,611	$	(26,936)	$	1,749	$	16,379	$	(3,197)
Cash provided by (used in) investing activities		—		5,375		(440)		(8,429)		(3,494)
Cash used in financing activities		—		(42,677)		—		(43)		(42,720)
Exchange rate effect on cash and cash equivalents		—		(11,140)		738		14,007		3,605
Change in cash and cash equivalents	$	5,611	$	(75,378)	$	2,047	$	21,914	$	(45,806)

Schedule of geographic information

Years ended December 31:	2019		2018		2017
Canada	$	13,730	$	13,035	$	19,595
Africa		4,114		4,254		4,283
Americas		5,880		1,786		22,446
Asia		1,909		1,549		14,894
Europe		87,634		119,127		212,817
	$	113,267	$	139,751	$	274,035

As at December 31:	2019		2018
Africa	$	29,930	$	33,258
Canada		293,974		297,537
Asia		24		20
Europe		52,800		52,914
	$	376,728	$	383,729