Dividends (July 31, 2006)

Company	Div.($)	Pay Date	Record Date
Mechel ADR	1.42*e	Jul 25	Jun 2
Royal Gold	0.055*	Jul 28	Jul 7
Goldcorp	0.015*	Jul 28	Jul 21
Freeport McM	0.3125*	Aug 1	Jul 17
Freeport McM Pr	13.75*	Aug 1	Jul 17
Freeport McM D	5.411*	Aug 1	Jul 17
Falconbridge	0.75	Aug 10	Jul 26
Potash C Sask	0.15*	Aug 11	Jul 21
Mesabi Trust	0.40*	Aug 20	JUl 30
Alcoa	0.15*	Aug 25	Aug 4
Noranda Incm Fd	0.085	Aug 25	Jul 31
Phelps Dodge	0.20*	Sep 1	Aug 14
Cleve-Cl	0.125*	Sep 1	Aug 15
Alcoa pr3.75	0.9375*	Oct 1	Sep 8

Note: Mechel is increasing its div from 15% of net prfits to 50%, beginning with Jul 25 div. Falconbridge has declared a spec div of C$0.75 per com sh, payable Aug 10.

* = U.S. funds, f = formula, e = estimate