secures world bank political risk insurance, page-4

Here is the story, and what a major step this is for
Anvil and its Investors.

Anvil Mining Limited Secures Political Risk Insurance from World Bank Agency for Mine in the DRC
TSX, ASX: AVM
Common shares outstanding: 29 million

TORONTO, May 4 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) is pleased to
announce that the Multilateral Investment Guarantee Agency (MIGA), a member of
the World Bank Group has approved political risk insurance cover for Anvil's
Dikulushi Mine in the Democratic Republic of Congo (DRC). Dikulushi represents
the first guarantee to be put in place by MIGA for a mining project in the
DRC, which became a member of the agency in 2003. MIGA's announcement of
yesterday's date is reproduced in full on the next three pages of this News
Release.
The MIGA guarantees cover investments and loans by Anvil Mining Limited
of Canada and RMB International (Dublin) Limited of Ireland to Anvil Mining
Congo SARL against the risks of transfer restriction, expropriation, breach of
contract, war and civil disturbance, under a Cooperative Underwriting Program
involving Lloyd's insurer Beazley and Chubb.
"Securing the support of MIGA for the Dikulushi Mine represents a very
effective way of mitigating the political risk associated with operating in
the DRC," said Anvil's President and CEO, Bill Turner. "We are very pleased to
be the first mining project in the DRC to have the backing of an important
multilateral organization such as MIGA, and very pleased to have been the
first mining project Worldwide to have secured MIGA support for political risk
insurance since the completion of the Extractive Industries Review carried out
by the World Bank from 2001-03. The recent re-engagement of the DRC by the
World Bank and MIGA bodes well for Anvil and for the people of the DRC, to
whom we are committed as partners in development."
Anvil Mining Limited is an unhedged copper and silver producer whose
shares are listed for trading on the Toronto Stock Exchange and the Australian
Stock Exchange under the symbol AVM. It owns and operates the Dikulushi
copper-silver mine in the Katanga Province of the DRC, which was brought into
production in October 2002 and recently underwent an expansion to increase
production by approximately 50% to 20,000 tonnes of copper and 1.6 million
ounces of silver per year.

Additional Notes:
Caution Regarding Forward Looking Statements: Statements regarding the
Company's plans with respect to future mining activities in the DRC and to the
expansion of the Dikulushi operation are forward-looking statements. There can
be no assurance that Anvil's future plans will materialize or that future
required regulatory approvals will be obtained. There can be no assurance as
to the exact result of the recent expansion of the Dikulushi operation.



MIGA Insures Copper and Silver Mine in the Democratic Republic of Congo

MAY 3, 2005, WASHINGTON, DC - The Multilateral Investment Guarantee
Agency (MIGA), a member of the World Bank Group, announced today its decision
to provide $13.3 million in guarantee coverage for the Dikulushi copper and
silver mine in the Democratic Republic of Congo (DRC). Half of the guarantee
amount will be covered by Lloyd's of London insurer Beazley and by Chubb
through MIGA's Cooperative Underwriting Program.
This is the first extractive industries project to be considered and
approved by the Board of the World Bank Group since conclusion of the Bank-
sponsored Extractive Industries Review in August 2004. The guarantee also
marks MIGA's first guarantee for a project in the DRC, which became a member
of the agency in 2003.
The guarantees will cover investments and loans by Anvil Mining Ltd. of
Canada and RMB International (Dublin) Limited of Ireland to Anvil Mining
Congo, SARL, of the DRC against the risks of transfer restriction,
expropriation, breach of contract, war and civil disturbance. The project
involves open pit mining of copper and silver ores to produce a concentrate,
which will then be trucked to smelters in South Africa and Namibia for further
processing.
In coordination with MIGA, Anvil has established a profit-sharing
mechanism to ensure that local communities will benefit from the development
of the Dikulushi deposit. The company has pledged 10 percent of its interest
in the mine to a trust structure. Dividends will fund a community development
program administered by a local nongovernmental organization (NGO). Anvil is
currently evaluating potential associations with a suitable NGO, already
active in the DRC, to help implement the community development programs.
This innovative profit-sharing structure reflects lessons learned from
the Extractive Industries Review. Previous models of revenue sharing in the
mining sector usually involved a minority percentage payment to the central
government, to be used as the authorities saw fit. This did not always
translate into benefits for the local communities impacted by the development
of mine sites. In this case, Anvil Mining held the view that investing in the
community was just as important as investing in capital, and was eager to
ensure local ownership in the investment.
"We believe this project offers significant and innovative development
impacts," says MIGA Executive Vice President Yukiko Omura. "The collaboration
between MIGA, government officials, the investors, and local communities has
been in the works for a long time, and we look forward to seeing the people of
DRC begin to derive benefits from this undertaking."
The community development program, which is expected to receive $5 to
$7 million in funds over the next five or six years, includes investments in
education, health care, and micro-enterprise and infrastructure development.
Anvil has already begun implementation of a number of the community projects:
- A primary school of seven classrooms is 90 percent complete and now
functioning in the village of Dikulushi. Construction of a preschool
in the village of Lumketi (9 km north of the mine) is about to start.
The mine also provides free busing between Dikulushi and Kilwa for
mine staff and their families, many of whom are students.
- Anvil is funding a small clinic at the mine site for miners and their
families. The facility is staffed by a part-time doctor and full-time
nurse. A preventative HIV/AIDs program is being implemented. The mine
is working with Kilwa's village council to upgrade and overhaul the
clinic, which is the only facility in the district providing basic
surgery and maternity support.
- Anvil has begun installing a water reticulation system in the village
of Pweto and plans to extend the system to the village of Kilwa.
- The investor has begun refurbishing the regional base hospital in
Kilwa.

The project is also spurring infrastructure improvements, including the
construction and maintenance of a 54 km road from the Dikulushi mine to the
port of Kilwa. Locals from villages located near this road now use it for
travel, and a micro-enterprise biking industry has also sprung up. The project
has also developed port facilities on Lake Mweru, on the DRC and Zambia sides,
where the ore is transported for processing by trucks for further processing.
In addition, the company has constructed a water pipeline to Dikulushi village
(4 km from the mine site) and set up additional water tanks to distribute
potable water. Anvil has also drilled water wells for several local villages
and plans to improve the distribution of potable water to other nearby towns.
This is a greenfield investment that currently employs 614 people, 590 of
whom are Congolese, and 24 of whom are from various other countries. Before
establishment of the mine, per capita income in the region was less than $.50
per day, derived almost exclusively from subsistence farming and fishing.
Dikulushi miners are paid at levels in line with miners throughout the DRC
Copperbelt. Because the mine is a new greenfield operation, MIGA's due
diligence also included an evaluation of the first phase of development,
including the port sites and access roads.
"This project is an important step in using the DRC's natural resources
in an environmentally and socially responsible way, while also maximizing the
benefit to local communities," says Omura.

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MIGA was created in 1988 as a member of the World Bank Group to promote
foreign direct investment into emerging economies to support economic growth,
reduce poverty, and improve people's lives. In addition to providing technical
assistance to investment promotion agencies, MIGA fulfills this mandate by
offering political risk insurance (guarantees) to investors and lenders
(covering expropriation, breach of contract, currency transfer restriction,
and war and civil disturbance), and by mediating investment disputes. Since
its inception, MIGA has issued 761 guarantees for projects in 86 developing
countries, totaling more than $14 billion in coverage. Nearly 38 percent of
MIGA's net outstanding portfolio is in IDA-eligible (world's poorest)
countries. MIGA's gross exposure totals $5.5 billion.

%SEDAR: 00020549E



For further information: Bill Turner, President & CEO,
Tel: +61-8-9481 4700, Mobile: +61-41-1188018, Email: [email protected]
(Perth); Company Web site: www.anvil.com.au; Craig Munro, Chief Financial
Officer, Tel: +61-8-9481 4700, Mobile: +61-41-7963206, Email:
[email protected] (Perth)
d its Investors.