Prosperity Minerals Holdings Limited is engaged in the trading of iron ore and real estate investment and development. It is also an investor in two Peoples Republic of China cement manufacturers. The Company operates in three segments: Trading of iron ore and other minerals, Real estate investment and development and Manufacture and sale of cement and clinker. The Company holds a 35% interest in Brazilian Mining Rights. Its iron ore trading business sources iron ore directly from suppliers in South Africa, Brazil and South East Asia, in particular Malaysia. On January 27, 2011, the Company entered into an iron ore off-take agreement with with the independent supplier and nominated distributor. On September 2, 2011, the Company entered into a supplementary agreement with the supplier and nominated distributor (Supplementary Off-take Agreement). During the fiscal year ended March 31, 2011, the Company operated an iron ore trading business in the People�s Republic of China (PRC).