MFC Industrial Ltd., formerly Terra Nova Royalty Corp., is a global commodity supply chain company that sources and delivers commodities and materials to clients all over the world. It is engaged in the financing and risk management aspect of the business. It operates in three segments: commodities and resources, which includes its commodities activities and mineral interests; merchant banking, which includes structured solutions, logistics and financial services and investing activities, and other, which encompasses its corporate and other investments and business interests. In September 2012, its indirect wholly owned subsidiary acquired the remaining interest in Compton Petroleum Corporation. In April 2013, 0915988 BC Ltd acquired the entire share capital of MFC Industrial Ltd. In March 2014, the Company acquired 100% interest in F.J. Elsner & Co. GmbH.