STANLEY, Falkland Islands, Nov. 2 (UPI) -- The Falklands' bid to enter the big league of oil producers in the South Atlantic is drawing hedge funds to what promises to be a multibillion-dollar enterprise. The Falkland, a British Overseas Territory, has been challenged by Argentina every step of the way from prospecting to commercial exploitation of subsea crude oil and possibly natural gas. Argentina invaded the islands in 1982 but was repelled by Britain in a 74-day war that resulted in about Read more [...]

TORONTO — While Jamie Sokalsky maintains that Barrick Gold Corp. is getting its Pascua-Lama debacle under control, investors are not buying it just yet. Shares of the world’s biggest gold miner dropped 9.5% Thursday as it warned of even more cost escalation at Pascua-Lama, a giant project straddling the border of Argentina and Chile. The latest increase brings the estimated bill for Pascua-Lama up to as much as US$8.5-billion, a staggering number for a project that was supposed to cost just Read more [...]

Animals02.11.2012 The Rome cat sanctuary in the old Roman ruins of Largo Argentina may be on the move. The Italian ministry of culture says that part of it is occupying an illegal construction in an important section of the archaeological ruins.Over the last two decades the sanctuary, which is well-loved by Italians and tourists alike, has looked after thousands of the city’s stray cats, making sure that they are fed and healthy. Most of the cats that have arrived at the sanctuary Read more [...]