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Dofasco acquires Québec Cartier Mining for US$306 million

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Dofasco Inc.

On July 22, 2005, Dofasco Inc. completed the acquisition of substantially all of the shares of Québec Cartier Mining Inc. The shares previously owned by Investissement Québec and Caemi Mineração E Metalurgia S.A. of Brazil were purchased by Dofasco for total consideration of $306 million, resulting in Dofasco owning over 98.7% of the shares. Dofasco was represented by in-house counsel Grant Currier and by Fasken Martineau with a team comprised of Walter Palmer (corporate), Huy Do and Anthony Baldanza (competition) and Jeff Klam (corporate) in Toronto and Louis Séguin (corporate), Hugo Patenaude and Alain Ranger (tax), Diane Bertrand (corporate) and Mark Paterson (corporate) in Montreal.



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