Evraz Group in Strategic Minerals Acquisition

August 23, 2006

Cleary Gottlieb represented Evraz Group S.A. in its acquisition of approximately 73 percent of Strategic Minerals Corporation from a group of selling shareholders. The transaction closed following the receipt of the necessary approvals by the Commission of the European Communities and the South African anti-monopoly authorities.

Evraz Group S.A., headquartered in Moscow and listed on the London Stock Exchange, is one of the largest vertically integrated steel and mining businesses in Russia. Strategic Minerals Corporation, a privately held company headquartered in Danbury, Connecticut, is one of the world’s leading producers of vanadium alloys and chemicals for the steel, chemical, and titanium industries.