Bre-X was the darling of the Toronto Stock Exchange after reporting finding a major gold deposit in Indonesia. But the Busang mine find was later revealed to be a fake, resulting in the company's.
Former Bre-X geologist has died 8 months ago Resource World. Share this article. By Peter Kennedy. John Felderhof, a key player in the Bre-X Minerals gold mining scandal has died. He was living in the Philippines and died of natural causes, according to published reports. His passing will once again remind mining investors of how a small-time Calgary stock promoter named David Walsh became.
Paul Farrelly in London and John Aglionby in Jakarta THE gold rush is over. The prospectors, tarnished by the Indonesian Bre-X gold hoax, have lost their sparkle. Small mining firms panning in.
A Hollywood movie set for release this week, loosely based on the real life story about how the world’s biggest gold discovery turned out to be the largest fraud in mining history, has investors.
The Bre-X Gold Scandal First there is a gold mountain, then there is no mountain. Start with the biggest deposit of gold ever reported, in the headwaters of the Busang River in the steaming jungle of Borneo. The Canadian company Bre-X Minerals Ltd. didn't know about that when it bought rights to the site in 1993. But after Bre-X hired a high-living geologist to map the ore body, the deposit.
Bre-X Survivor Clarifies Why He Invested John Kutyn explains why he bought BRE-X shares and recommended them to others. Gold mine scandal tales only scratch the surface More reviews of books on the scandal. Canadian Court Puts Bre-X in Bankruptcy Bre-X Minerals Ltd. was put into bankruptcy by the Court of Queen's Bench of Alberta.New York Times.
Bre-X Minerals Ltd.: One of the biggest mining scams and frauds perpetrated by any company in Canada. Bre-X Minerals was formed by former stockbroker David Walsh in 1988. In 1993, at the behest of.
Bre-X, based in Calgary, saw its stock value soar when it began to promote the Busang mine in 1993. It told investors the deposit contained 71 million ounces of gold. Such was the excitement that.
Bre-X was a group of companies in Canada.Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia (in Borneo).Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring.
Although its producers insist Gold is not related to the Bre-X scandal, McConaughey’s character Kenny Wells could easily be subbed in for one of the story’s real-life culprits, David Walsh. Bre-X, a minerals exploration company, was founded by Walsh in 1989 as a subsidiary of Bresea Resources, a company that struggled in its early years. Walsh tapped geologist John Felderhof, a fellow.
Bre-X was a group of companies in Canada. Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia (in Borneo).Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring.
Brown and Burdekin (2000) examine the collapse in share prices of MDSEs following the Bre-X Minerals scandal. Bre-X was an infamous case of 'salting' in which precious metals traces were added to.
Bre-X: The Motion Picture, stars Matthew McConaughey It took nearly 20 years, but the fantastic tale of the Bre-X gold mine scandal is finally making it to the Hollywood screen big time. The Weinstein Corp. will begin lensing—as they say—in Thailand, New York and New Mexico in June, with a major film fest premiere scheduled for 2016.
The 2016 movie Gold, starring Matthew McConaughey and Edgar Ramirez, is a fictionalized account of the infamous Bre-X mining scandal in Indonesia. The movie is primarily about an American’s pursuit of a gold mine in the jungles of Borneo. Here are some reasons expats would find it amusing to watch.
The Bre-X gold mining scandal was one of the biggest media hits of 1997 and quite possibly the biggest Canadian stock scandal in the country’s history. Alfred Lenarciak, author and former executive in the gold mining industry, just released his new book, “Bre-X: Dead Man’s Story?” He reveals what went on behind the scenes of the build.In 1996, Bre-X, a small Calgary-based mining company, announced that it had discovered gold deposits in Indonesia. Shares in the company began to soar, creating millionaires out of early investors.BRE-X, run by flamboyant Calgary Promoter David Walsh, became an overnight sensation as mining investors rushed to cash in on what the company claimed to be the richest gold mine ever discovered.