Dividends (July 25, 2005)

CompanyDiv.PayRecord

	($)	Date	Date
Goldcorp	0.015*	Jul 29	Jul 20
Arch Coal pr	0.625*	Aug 1	Jul 18
Potash C Sask	0.15*	Aug 12	Jul 22
Phelps D cnv pr	1.6875*	Aug 15	Jul 1
Mesabi Trust	0.37*	Aug 20	Jul 30
Alcoa	0.15*	Aug 25	Aug 5
Inco	0.10*	Sep 1	Aug 15
Phelps Dodge	0.375*	Sep 2	Aug 12
Alcan	0.15*	Sep 20	Aug 19
Free McMoR cmn	0.50*	Sep 30	Sep 15
Alcoa $3.75pr	0.9375*	Oct 1	Sep 14

Notes: Freeport McMoRan Copper & Gold is paying a supplemental div of US50 per common share on Sept. 30. Mesabi Trust has increased its quarterly dist to US37 from US17.5 a year ago.

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