Oil – Forbes reported that Providence Resources plc (LSE:PVR), led by CEO Tony O'Reilly, Junior, hopes to drill for oil 4 miles off the coast of Ireland. The company is already facing environmental opposition, with some also wondering whether celebrities like Bono — who lives nearby the proposed drilling location — will also be against the endeavour.
Gold – Galantas Gold Corporation (TSXV:GAL,AIM:GAL) announced sampling and drill results from the Ireland-based Omagh gold mine.
Silver – The Irish Examiner reported that more companies are seeking out silver and gold mining potential in Ireland than ever before.
Gold – Dalradian Resources Inc. (TSX:DNA) announced an increase to its resource estimate at the Ireland-based Curraghinalt gold deposit.
Gold – Bloomberg reports that Gold declined after last year’s rally, and demand dropped on a strengthening dollar.
Gold – Reuters Africa reports that pot Gold held steady on Thursday, as uncertainty in Ireland’s debt problem resurfaced. The market news is quoted as saying: Ireland’s debt woe continued to grab attention from investors, as Fitch downgraded the country’s rating, and the opposition party said it would vote against the bailout package. Click here to access [...]
Oil – Bloomberg reports that Oil traded at the highest price in two weeks on speculation cold weather in Europe will increase fuel demand.
Copper – Reuters Africa reports that Copper prices on Monday rose about one percent.
Copper – Bloomberg reports that Copper gained after Europe agreed to a bailout for Ireland, outweighing tensions on the Korea Peninsula.
Gold – Bloomberg reports that Gold may climb in New York on speculation a deal to rescue Ireland’s banks will curb a spread of the debt crisis.
Get our independent commentary on resource trends and companies delivered to your inbox.
