When Bre-X filed for the U.S. Securities and Exchange Commission, they announced they "prepared, reviewed or verified [their findings] with independent mining experts," but failed to disclose that the samples were always drawn and controlled by Bre-X. Felderhof and Walsh also raised suspicion when they each sold $25 million in Bre-X …
DetailsComece com o maior depósito de ouro já registrado, nas cabeceiras do rio Busang, na selva fumegante de Bornéu. A empresa canadense Bre-X Minerals Ltd. não sabia disso quando comprou os direitos do local em 1993. Mas depois que a Bre-X contratou um geólogo para mapear o corpo de minério, o depósito, junto com os sonhos …
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DetailsJohn Felderhof, the former chief geologist and vice-chairman of Bre-X Minerals, was found not guilty on Tuesday of insider trading, bringing to a close one of Canada's biggest corporate scandals.
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DetailsIn the mid-1990s, the largest scandal in the mining industry, Bre-X, shook public confidence and negatively impacted the industry's ability to raise capital.Bre-X reported a mineral resource of 70 million troy ounces of …
DetailsDavid Walsh, founder of Bre-X, died of a brain aneurism the next year at his home in the Bahamas. Walsh's expertise was never mining or mineral development. His talent lay in separating investors from their money. And thousands of wannabe millionaires poured money into the Bre-X coffers as the resource numbers escalated. Shares in the …
DetailsA photo of John Felderhof at a Busang field operated by Bre-X circa 1997. Photo by Gatra photo/Larry MacDougal/Calgary Herald files. Two of the other main players in the Bre-X saga had died by the time Felderhof was charged and faced trial. David Walsh, the company's chief executive, died of a brain aneurysm in 1998 at the age of 52.
DetailsBre-X became known as the largest mining fraud in Canadian history back in 1997 when its claim of a major gold discovery in Indonesia proved to be a fake. ... Deloitte and Touche was appointed as trustee in bankruptcy of Bre-X Minerals Ltd. by the Alberta court in November 1997 after the company was hit with several multibillion-dollar ...
DetailsBre-X attempted damage control by hiring a third-party mining company, Strathcona Mineral Services, to audit the Borneo property. Strathcona not only confirmed what Freeport-McMoRan found, but ...
DetailsIt's often been said that the story of Calgary's Bre-X Minerals had all the makings of a Hollywood script: gold, love, betrayal and mystery. ... He is the chief geologist for Bre-X and was en ...
DetailsIn the mid-1990s, the largest scandal in the mining industry, Bre-X, shook public confidence and negatively impacted the industry's ability to raise capital. Bre-X reported a mineral …
DetailsJohn Felderhof, the only executive ever prosecuted in the Bre-X Minerals Ltd. gold hoax of the 1990s, has died in the Philippines, according to his Toronto lawyer.
DetailsThe story of the greatest mining cheat of all time began in 1993 when the owner of Canadian penny-stock mining company Bre-X purchased the rights to some land in the middle of the jungles of Borneo.
DetailsThe Bre-X scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principals. The Bre-X scandal is considered to be the biggest mining and gold scandal of all time, and one of the biggest stock scandals in Canadian history. ... This led to a third-party independent company ...
DetailsBre-X Minerals was a mining firm founded by David Walsh in 1989, and originally listed on the Alberta Stock Exchange (it later moved to the Toronto Stock Exchange).
DetailsBre-X planned to open a fishery and a poultry-farming venture to enable the tribe to sell products to the mine. I shared a cigar with a young villager who had just received a scholarship from Bre ...
DetailsBy February, 1997, Bre-X Minerals Ltd. of Calgary was sitting on a 50-million-ounce gold mine, at a minimum. That's what Bre-X CEO Walsh was saying, and Felderhof, and de Guzman. Not only was the mine potential enormous, said the company, but the gold would fall from the rock like crabapples in autumn.
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DetailsBre-X fue un grupo de compañías canadienses, Bre-X Minerals Ltd., en su mayoría, parte del Bre-X en Calgary, Canadá. Estuvo involucrado en un gran escándalo minero tras reportar que contaba con una gran mina de oro en Busang, Indonesia (Borneo).. Bre-X compró el terreno en Busang en marzo de 1993 y en octubre de 1995 anunció que …
DetailsExecutives of Bre-X Minerals Ltd., a small Canadian company, have been known to talk up claims of mineral deposits, but they never would have spiked geological samples to swell the value of their ...
Details1989: David Walsh founded Bre-X Minerals Ltd. in 1989 as a subsidiary of Bresea Resources Ltd. 1993: Walsh followed the advice of geologist John Felderhof and bought a property in the middle of a ...
DetailsEn febrero de 1997, el gobierno de Indonesia había cerrado el acuerdo: se creaba una joint-venture en la que Bre-X tendría el 45%, Indonesia un 40% y Freeport un 15%. Enseguida se vio que el oro ...
DetailsO que era Bre-X Minerals Ltd.? Bre-X Minerals Ltd., muitas vezes referida simplesmente como Bre-X, era uma empresa canadense de mineração de ouro que fraudou os investidores falsificando amostras de ouro e divulgando erroneamente suas reservas de ouro disponíveis. De uma avaliação de pico de mais de $ 6 bilhões de dólares …
DetailsBRE-X MINERALS LTD., IN BANKRUPTCY. On November 5, 1997, Deloitte & Touche Inc. ("Deloitte") was appointed as Trustee in Bankruptcy (the "Trustee") of Bre-X Minerals …
DetailsThe American and Indonesian companies that only a few months ago were fighting for the right to help Bre-X Minerals Ltd. of Canada mine in what had been touted as this century's richest gold ...
DetailsBre-X Minerals Ltd., frequently alluded to just as Bre-X, was a Canadian gold mining company that scandalously defrauded investors by distorting gold examples and …
DetailsMay 30, 1988: Bre-X Minerals is incorporated as a junior mining company by David Gordon Walsh, who'd struck out on his own after resigning as a vice-president of a national securities firm that moved him to Calgary from Montreal. Forty-three per cent of the outstanding shares were owned by Bresea Resources, a company Walsh had …
DetailsBre-X Minerals Ltd. reached a market value of $6 billion. Of course, it was all a hoax, spurred on by De Guzman manipulating (salting) the core samples from the site. The discovery was a lie. -BusinessInsider. Displayed above is a Bre-X Minerals Ltd. stock certificate. Inset: Bre-X's share price plunges upon the March 1997 news that the ...
DetailsComienza en 1995 cuando David Walsh, un broker neoyorkino, decidió dar un nuevo impulso a la empresa que había fundado unos años antes, la minera Bre-X, se asoció con el geólogo John Felderhoff y adquirió terrenos en la jungla de Borneo (Indonesia) donde sin más ni menos afirmo la existencia de oro, el potencial minero de …
DetailsHow Bre-X Fooled Everyone Amid Tales of Gold, Investors and Regulators in U.S., Canada Didn't Dig Deep Enough" The Washington Post (18 May 1997) Hl; Peter Waldman & Jay Solomon "Gold Fraud Recipe? Bre-X Workers Saw Mine Samples Mixed" The Wall Street Journal (6 May 1997) Al. 2 Bre-X Minerals Ltd, CANCORP Company Number 0200845. …
DetailsLa minera Bre-X Minerals, comprando el yacimiento Busang, en la remota jungla de Indonesia. El yacimiento Busang, que según certificó el geólogo Michael de Guzmán, …
DetailsEn 1993, Bre-X Minerals Ltd. Anunció el descubrimiento de un enorme depósito de oro en Busang, Indonesia, que se creía que era el depósito de oro más grande jamás encontrado. La noticia del descubrimiento se extendió por todo el mundo y los precios de las acciones de la empresa se dispararon, convirtiendo a Bre-X en la …
DetailsComienza en 1995 cuando David Walsh, un broker neoyorkino, decidió dar un nuevo impulso a la empresa que había fundado unos años antes, la minera Bre-X, se asoció con el geólogo John ...
DetailsIt's often been said that the story of Calgary's Bre-X Minerals had all the makings of a Hollywood script: gold, love, betrayal and mystery. Two decades after stock-market darling was declared a colossal hoax, the mining firm's amazing tale is finally getting the celluloid treatment — though loosely based on true events — in a new ...
DetailsThe Bre-X Minerals saga is the most notorious in Canadian mining history. The Calgary-based company was a stock market star from 1995 to 1997. It claimed it had discovered the world's largest gold ...
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