CUSIP No. 46579N
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Page 2 of 9 Pages
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SCHEDULE 13G
1
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NAME OF REPORTING PERSON S.S. OR I.R.S. INDENTIFICATION NO.
OF ABOVE PERSON
Robert Martin Friedland
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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(a)
o
(b)
o
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4
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CITENZSHIP OR PLACE OF ORGANIZATION
American and Canadian
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
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5
6
7
8
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SOLE VOTING POWER
102,142,325
SHARED VOTING POWER
-0-
SOLE DISPOSITIVE POWER
102,142,325
SHARED DISPOSITIVE POWER
-0-
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
102,142,325
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
27.1%
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12
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TYPE OF REPORTING PERSON*
IN
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CUSIP No. 46579N
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Page 3 of 9 Pages
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SCHEDULE 13G
1
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NAME OF REPORTING PERSON S.S. OR I.R.S. INDENTIFICATION NO.
OF ABOVE PERSON
Newstar Holdings SRL
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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(a)
o
(b)
o
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4
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CITENZSHIP OR PLACE OF ORGANIZATION
Barbados
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
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5
6
7
8
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SOLE VOTING POWER
81,131,524
SHARED VOTING POWER
-0-
SOLE DISPOSITIVE POWER
81,131,524
SHARED DISPOSITIVE POWER
-0-
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
81,131,524
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
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o
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.6%
|
12
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TYPE OF REPORTING PERSON*
OO
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CUSIP No. 46579N
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Page 4 of 9 Pages
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SCHEDULE 13G
1
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NAME OF REPORTING PERSON S.S. OR I.R.S. INDENTIFICATION NO.
OF ABOVE PERSON
Newstar Securities SRL
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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(a)
o
(b)
o
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4
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CITENZSHIP OR PLACE OF ORGANIZATION
Barbados
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
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5
6
7
8
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SOLE VOTING POWER
81,131,524
SHARED VOTING POWER
-0-
SOLE DISPOSITIVE POWER
81,131,524
SHARED DISPOSITIVE POWER
-0-
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
81,131,524
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
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o
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.6%
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12
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TYPE OF REPORTING PERSON*
OO
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CUSIP No. 46579N
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Page 5 of 9 Pages
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SCHEDULE 13G
1
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NAME OF REPORTING PERSON S.S. OR I.R.S. INDENTIFICATION NO.
OF ABOVE PERSON
Australian Bulk Minerals SRL
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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(a)
o
(b)
o
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4
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CITENZSHIP OR PLACE OF ORGANIZATION
Barbados
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
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5
6
7
8
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SOLE VOTING POWER
50,322,533
SHARED VOTING POWER
-0-
SOLE DISPOSITIVE POWER
50,322,533
SHARED DISPOSITIVE POWER
-0-
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
50,322,533
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
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o
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.4%
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12
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TYPE OF REPORTING PERSON*
OO
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CUSIP No. 46579N
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Page 6 of 9 Pages
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SCHEDULE 13G
1
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NAME OF REPORTING PERSON S.S. OR I.R.S. INDENTIFICATION NO.
OF ABOVE PERSON
Goldamere Holdings SRL
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
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(a)
o
(b)
o
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4
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CITENZSHIP OR PLACE OF ORGANIZATION
Barbados
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
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5
6
7
8
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SOLE VOTING POWER
50,322,533
SHARED VOTING POWER
-0-
SOLE DISPOSITIVE POWER
50,322,533
SHARED DISPOSITIVE POWER
-0-
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
50,322,533
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
N/A
|
o
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.4%
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12
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TYPE OF REPORTING PERSON*
OO
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CUSIP No. 46579N
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Page 7 of 9 Pages
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SCHEDULE 13G
Pursuant to Rule 13d-2(b) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended, the undersigned are
hereby amending their Schedule 13G Statement dated December 31, 2003 (the
“Schedule 13G”) to reflect the vested options held by Mr. Friedland.
Capitalized terms used herein have the meanings ascribed to them in
the Schedule 13G.
Item 1.
No
Changes.
Item 2.
No
Changes.
Item 3.
No
Changes.
Item 4.
Ownership
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a.
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Amount Beneficially Owned:
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Goldamere directly beneficially owns an aggregate of 50,322,533 Shares.
ABM may be deemed to beneficially own an aggregate of 50,322,533 Shares as a result of
its voting and dispositive power over 50,322,533 Shares beneficially owned by
Goldamere, its wholly-owned subsidiary. Newstar Securities may be deemed to
beneficially own an aggregate of 81,131,524 Shares as a result of its voting and
dispositive power over 50,322,533 Shares beneficially owned by ABM, its 91.91%
subsidiary, in addition to the 30,808,991 Shares owned directly by it. Newstar Holdings
may be deemed to beneficially own an aggregate of 81,131,524 Shares as a result of its
voting and dispositive power over 81,131,524 Shares beneficially owned by Newstar
Securities, its wholly-owned subsidiary. Mr. Friedland may be deemed to
beneficially own an aggregate of 102,142,325 Shares as a result of his voting and
dispositive over 81,131,524 Shares beneficially owned by Newstar Holdings, his
wholly-owned company, in addition to the 21,010,801 Shares owned directly by him,
1,200,000 of which are options exercisable into Shares in the next 60 days.
Mr. Friedland may be deemed to beneficially own approximately 27.1% of
the outstanding Common Shares. Newstar Holdings and Newstar Securities may be deemed to
beneficially own approximately 21.6% of the outstanding Common Shares. ABM and
Goldamere may be deemed to beneficially own approximately 13.4% of the outstanding
Common Shares.
CUSIP No. 46579N
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Page 8 of 9 Pages
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SCHEDULE 13G
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c.
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Number of shares as to which such person has sole and shared
power to vote and sole and shared power to dispose:
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Goldamere may be deemed to have sole power to direct the voting and
disposition of the 50,322,533 Shares it beneficially owns. ABM may be deemed to have
sole power to direct the voting and disposition of the 50,322,533 Shares beneficially
owned by Goldamere, its wholly-owned subsidiary. Newstar Securities may be deemed to
have sole power to direct the voting and disposition of the 50,322,533 Shares
beneficially owned by ABM, its 91.91% subsidiary, in addition to the 30,808,991 Shares
owned directly by it. Newstar Holdings may be deemed to have sole power to direct the
voting and disposition of the 81,131,524 Shares beneficially owned by Newstar
Securities, its wholly-owned subsidiary. Mr. Friedland may be deemed to have sole power
to direct the voting and disposition of the 81,131,524 Shares beneficially owned by
Newstar Holdings, his wholly-owned company, in addition to the 21,010,801 Shares owned
directly by him, 1,200,000 if which are options exercisable into Shares in the next 60
days.
Item 5.
No
changes.
Item 6
.
No
changes.
Item 7.
No
changes.
Item 8.
No
changes.
Item 9.
No
changes.
Item 10.
No
changes.
[Remainder of page intentionally left blank]
CUSIP No. 46579N
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Page 9 of 9 Pages
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SCHEDULE 13G
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated
as of February 8, 2008
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By:
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/s/ Robert Martin Friedland
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Robert Martin Friedland
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NEWSTAR HOLDINGS SRL
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By:
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/s/ Robert Martin Friedland
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Name: Robert Martin Friedland
Title: President
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NEWSTAR SECURITIES SRL
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By:
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/s/ Robert Martin Friedland
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Name: Robert Martin Friedland
Title: President
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AUSTRALIAN BULK MINERALS SRL
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By:
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/s/ Robert Martin Friedland
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|
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Name: Robert Martin Friedland
Title: President
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GOLDAMERE HOLDINGS SRL
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|
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By:
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/s/ Robert Martin Friedland
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Name: Robert Martin Friedland
Title: President
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