Holding(s) in Company

RNS Number:4283T
BDI Mining Corp
21 March 2007



TR-1(i): notification of major interests in shares

+--------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying |        BDI Mining Corp.        |
|issuer of existing shares to which voting   |                                |
|rights are attached(ii):                    |                                |
+--------------------------------------------+----------------------+---------+
|2. Reason for the notification (please tick the appropriate box or |         |
|boxes)                                                             |         |
+-------------------------------------------------------------------+---------+
|An acquisition or disposal of voting rights                        |         |
+-------------------------------------------------------------------+---------+
|An acquisition or disposal of financial instruments which may      |         |
|result in the acquisition of shares already issued to which voting |         |
|rights are attached                                                |         |
+-------------------------------------------------------------------+---------+
|An event changing the breakdown of voting rights                   |         |
+-------------------------------------------------------------------+---------+
|Other (please specify): Statutory notification for holding above 3%|    X    |
+--------------------------------------------+----------------------+---------+
|3. Full name of person(s) subject to the    |RAB SPECIAL SITUATIONS (MASTER) |
|notification obligation(iii):               |            FUND LTD            |
+--------------------------------------------+--------------------------------+
|4. Full name of shareholder(s) (if different|CREDIT SUISSE CLIENT NOMINEES ( |
|from 3.)(iv):                               |          UK) LIMITED           |
+--------------------------------------------+--------------------------------+
|5. Date of the transaction (and date on     |              n/a               |
|which the threshold is crossed or reached if|                                |
|different)(v):                              |                                |
+--------------------------------------------+--------------------------------+
|6. Date on which issuer notified:           |20/03/2007 (holding as at 16/03/|
|                                            |             2007)              |
+--------------------------------------------+--------------------------------+
|7. Threshold(s) that is/are crossed or      |            ABOVE 3%            |
|reached:                                    |                                |
+--------------------------------------------+------------------------------+-+
|8. Notified details:                        |             n/a              | |
+--------------------------------------------+----------------------+-------+-+
+--------------------------------------------+----------------------+-------+-+







+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                             |
+----------+---------------+-----------------------------------------------------+
|Class/type|Situation      |Resulting situation after the triggering transaction |
|of shares |previous to the|(vii)                                                |
|          |Triggering     |                                                     |
|if        |transaction    |                                                     |
|possible  |(vi)           |                                                     |
|using the +-------+-------+--------+---------------------+----------------------+
|ISIN CODE |Number |Number |Number  |Number of voting     |% of voting rights    |
|          |of     |of     |of      |rights ix            |                      |
|          |Shares |Voting |shares  |                     |                      |
|          |       |Rights +--------+----------+----------+----------+-----------+
|          |       |viii   |Direct  |Direct x  |Indirect  |Direct    |Indirect   |
|          |       |       |        |          |xi        |          |           |
+----------+-------+-------+--------+----------+----------+----------+-----------+
|ORDINARY  |6900000|6.86%  |n/a     |n/a       |n/a       |6.86%     |6.86%      |
|SHARES    |       |       |        |          |          |          |           |
+----------+-------+-------+--------+----------+----------+----------+-----------+

+------------------------------------------------------------------------------+
|B: Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                      |
+---------------+-----------+------------------+-------------------+-----------+
|Type of        |Expiration |Exercise/         |Number of voting   |% of voting|
|financial      |date xiii  |Conversion Period/|rights that may be |rights     |
|instrument     |           |Date xiv          |acquired if the    |           |
|               |           |                  |instrument is      |           |
|               |           |                  |exercised/         |           |
|               |           |                  |converted.         |           |
+---------------+-----------+------------------+-------------------+-----------+
|      n/a      |n/a        |       n/a        |n/a                |n/a        |
+---------------+-----------+------------------+-------------------+-----------+

+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
+-------------------------------------+---------------------------------------+
|Number of voting rights              |% of voting rights                     |
+-------------------------------------+---------------------------------------+
|A ONLY                               |6.86%                                  |
+-------------------------------------+---------------------------------------+

+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable xv:            |
+-----------------------------------------------------------------------------+
|RAB Capital plc acts as investment manager for RAB SPECIAL SITUATIONS        |
|(MASTER) FUND LTD. RAB Capital plc does not act as custodian for its clients |
|and therefore the shares are held in the nominee name of the custodian of its|
|clients, which is CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED.                |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
+------------------------------------------------+----------------------------+
|10. Name of the proxy holder:                   |n/a                         |
+------------------------------------------------+----------------------------+
|11. Number of voting rights proxy holder will   |n/a                         |
|cease to hold:                                  |                            |
+------------------------------------------------+----------------------------+
|12. Date on which proxy holder will cease to    |n/a                         |
|hold voting rights:                             |                            |
+------------------------------------------------+----------------------------+

+--------------------------------+--------------------------------------------+
|13. Additional information:     |n/a                                         |
+--------------------------------+--------------------------------------------+
|14. Contact name:               |LEGAL TEAM                                  |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |020 7389 7000                               |
+--------------------------------+--------------------------------------------+




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