Baker Steel Resources Trust Ltd. is a closed-ended investment company, which engages in investments in natural resources companies. Its investment objective is to seek capital growth over the long term through a focused, global portfolio consisting principally of the equities, loans or related instruments. Its portfolio includes Polymetal, Bilboes, Futura, Cemos, PAL, SMEI, Black Pearl, PRISM, Nussir, Ivanhoe, and Metals Exploration. The company was founded on March 9, 2010 and is headquartered in St. Peter Port, Guernsey.