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Erdene hits gold and copper

Erdene Gold (ERD-V) has intersected significant gold and copper at its Khukh Bulag (Blue Springs) property in south…




Uruguay Mineral steps up drilling

Vancouver — Infill drilling by Uruguay Mineral Exploration (UME-V) at the Arenal deposit in Uruguay is demonstrating sufficient grade consistency to warrant construction of the initial pit. Startup is planned for late 2004.



Gold price buoys market

The report period Aug. 12-24, saw the price of gold rise US$12.35 per oz. to finish at US$406.20 in the afternoon in London on Aug. 24. Gold fell more than US$4 on the final day of trading. The gold index was up 12 points to close at 193.61, and t…


Alcoa to shutter auto parts plant

Pittsburgh-based Alcoa (AA-N) will shed 140 jobs by year-end by closing an automotive parts plant in Northwood, Ohio. The aluminum giant cited “excess capacity” at the facility as the reason for the closure.


Nuclear mishap in Japan

Police in Japan are investigating an accident at a nuclear power reactor in Mihama, about 330 km west of Tokyo, that killed four workers and injured seven others. Police say there are indications safety may have been compromised in an effort to cu…


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