OneSteel Acquisition Further Detail Acquisition is subject to...

OneSteel Acquisition Further Detail

Acquisition is subject to regulatory approval in Canada
and is expected to close end CY2010 (subject to timing of
approvals);

Acquisition of economic interest effective 1 July 2010, with OneSteel receiving the benefit of cash flows from this date;

Moly-Corp: a leading producer of forges steel grinding
balls with production facilities in

Moly-Cop, a leading producer of forged steel grinding balls
with production facilities in Chile, Peru, Mexico and
Canada supplying a full range of heat-treated grinding
media, and with established customer relationships with
major mining companies

AltaSteel, a steel mini-mill in Canada supplying ballstock
for the production of forged grinding balls to Moly-Cop and
heat-treated grinding rod to the Americas mining industry