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News October 18, 2004

Canadian Stock Exchange Indices (October 18, 2004)

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News October 18, 2004

Partners to expand Cerro Verde

The period ended Oct. 12 was another one of sideways chopping in the broad markets, with the Dow Jones Industrial Index falling 110.50 points to 10,077.18 and the S&P 500 index slipping 12.64 points to 1,121.84.

News October 18, 2004

Orvana output progresses

The first full year of production from the Don Mario gold mine in Bolivia has ended well for Orvana Minerals (ORV-T), with 48,000 oz. poured.

News October 18, 2004

A world of surprises

Political risk is causing conern again, just as markets were beginning to show some renewed strength. That mining projects are inherently risky is not new. However, most of the risk is usually related to the economic viability of a project or the…

News October 18, 2004

PGE measuring tool

An engineering student in South Africa has invented a device to help the platinum mining industry increase the quantity of metal it mines.

News October 18, 2004

Gold, base Metal Prices buoy market

The report period Oct. 6-12 saw the price of gold fall US70 to close at US$414.70 per oz. in the afternoon in London. In New York, oil prices reached all-time highs — close to US$55 a barrel. There was no trading on Oct. 11, owing to the Canadia…

News October 18, 2004

Uranium fuels junior market

A continuing trend of strong metals prices, pretty much across the board, drove the junior mining market to a strong week during the Oct. 6-12 period.

News October 18, 2004

Aussie miner charged after uranium incident

Uranium miner Energy Resources of Australia (ERA), most of which is owned by London-based Rio Tinto (RTP-N), has been charged in connection with a uranium spill at its Ranger mine in the Northern Territory.

News October 18, 2004

Alcoa back in business at Wenatchee

Workers at the idled aluminum smelter in Wenatchee, Wash., represented by the United Steelworkers of America (USWA) and the Aluminum Trades Council of Wenatchee, have voted to accept a labour agreement that will save about 400 jobs.

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