MINING UPDATE

MAY 2007

TABLE OF CONTENTS

AFRICA

• Exxaro Starts Construction at Inyanda Coal Mine

• Pan African Expands Remit in Mozambique

• African Eagle Alliance with Troll Mining

ASIA

• Asian American to Develop Second Chinese Mine

• Medusa Mining Drill Results from Co-O Mine

• NMDC to Invest in Overseas Coal Mines

AUSTRALIA

• Larox Wins Contracts in Australia and Chile

• Buffalo Gold to Move Uranium Assets to Bondi Mining

• Zeehan Zinc Sees Mining at Western Tasmania Starting in June

• Xtrata Launches Bid for Gloucester Coal

NORTH AMERICA

• FLSmidth to Acquire GL&V's Global Minerals Activities

• Mining Companies Renew Their Interest in Interior Alaska's Gold

• Washington Group to Operate Copper Mine in Arizona

 The above news is excerpted from the May Mining Update which is part of the World Market for Your Products and is also included in most other McIlvaine market reports.