December 28, 2011

Diamond prices to rise over four years

Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the…

December 28, 2011

Day 12 of search for missing geology student

Family and friends are trying to find Matthew Huszar, a University of British Columbia geology graduate, who has been missing for 12 days.

December 28, 2011

New Guinea Gold halts mining operations at Mt. Sinivit after occupation

New Guinea Gold (CVE:NGG) temporarily halted mining and processing at its Mt Sinivit operation after it was occupied by the Wild Dog Mining Area Landowner Association and Lulai Nakama Association.

December 28, 2011

President of Panama inaugurates electrical transmission line constructed by Petaquilla Minerals Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 28, 2011) - Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") is pleased to announce that the President of the Republic of Panama, Ricardo Martinelli,…

December 28, 2011

Gold down 2 pct, at 3-month low as dollar surges

Gold fell 2 percent to a three-month low on Wednesday, as the dollar rallied against the euro on more jitters about European debt, while losses in U.S. equity and commodity…

December 28, 2011

Moly Mines won’t be developing its Spinifex Ridge molybdenum copper project

Due to the high Australian dollar and low molybdenum prices, Moly Mines says the Spinifex Ridge molybdenum/copper project is sub-economic and the company won't be developing it.

December 28, 2011

W. Australia looks to China for iron ore project

Western Australia invited China to invest in a A$5.94 billion (US$6 billion) port and rail project that aims to open up a new iron ore province in the state's Mid…

December 28, 2011

Athabasca Oil Sands Corp. announces approval of MacKay River commercial oil sands project

CALGARY, Dec. 28, 2011 /CNW/ - Athabasca Oil Sands Corp. (TSX: ATH) is pleased to announce that MacKay Operating Corp. (MacKay Opco) has received full regulatory approval from Alberta Energy…

December 28, 2011

U.S. Fifth Fleet says won’t allow disruption in Hormuz

The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran […]

December 28, 2011

The best investment tip you will receive all year on choosing winning stocks: don’t try

If you want to be a successful investor, don't try to pick winning stocks and even better don't trade at all, says leading financial writers Henry Blodget and Felix Salmon…