Gold Of Bre X

Author : Jennifer Wells
Publisher : Texere Publishing
ISBN 13 : 9780752813790
Total Pages : 404 pages
Book Rating : 4.9X/5 ( download)

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Download or read book Bre-X written by Jennifer Wells and published by Texere Publishing. This book was released on 1998 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was hailed as the biggest gold discovery this century, worth more than u15 billion, but it turned out to be a big mining scandal. This is an account of how, in 1995, Bre-X Minerals, a small Canadian mining company, shot to world fame and fortune after announcing the discovery of 71 million ounces of gold at the Busang site, on the island of Borneo, Indonesia. The value of Bre-X shares soared from $5 to $192.50 within minutes of listing in Toronto in 1996."

Author : Alfred Lenarciak
Publisher : Book Venture Publishing LLC
ISBN 13 : 1946250430
Total Pages : 152 pages
Book Rating : 4.38/5 ( download)

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Download or read book Gold of Bre-X written by Alfred Lenarciak and published by Book Venture Publishing LLC. This book was released on 2016-11-30 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1994 and 1997, Canadian company Bre-X Minerals, sponsored and promoted to listings on the TSX and NASDAQ by JPMorgan, Lehman, BMO, and others, was exploring for gold on the Busang property on the Indonesian island of Borneo. Bre-X’s efforts bore the discovery of a lifetime: a mammoth deposit estimated to contain over 200 million ounces of easily extractable gold. The company’s stock exploded from 25 cents to over $270, effectively valuing Bre-X at over $6 billion and attracting the interest of major mining companies. Barrick, Placer Dome, and Freeport McMorran, all the major players at the time, started competing to develop the largest gold deposit ever discovered. In early 1997, Indonesian President Suharto and his government took control of the deposit by force and commissioned Freeport to build a mega mine. In the ensuing months, due diligence revealed that the deposit was a gigantic hoax! There was no gold in Busang. The principals of Bre-X were accused, but never convicted, of salting samples before sending them to labs. Michael de Guzman, a Filipino geologist who served as the project manager, allegedly committed suicide by jumping from a helicopter into the abyss of Borneo’s jungle. Minorca Resources of Toronto were the financial partners of the Haji Sayakarani group of companies that owned Busang; Alfred Lenarciak was the chairman of Minorca at the time. In a strange twist of fate, in February 2012, Alfred had a chance encounter in Rome with a man by the name of Akiro Guzzo, who shared with him an amazing story about the life and death of Michael de Guzman, the creator of a fake gold mega deposit. Is this really a dead man’s story?

Author : Diane Francis
Publisher : Key Porter Books
ISBN 13 : 9781550139136
Total Pages : 0 pages
Book Rating : 4.34/5 ( download)

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Download or read book Bre-X written by Diane Francis and published by Key Porter Books. This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For 2 years, BRE-X was the darling of the world's stock markets. Millionaires were created over night; until the scam was uncovered.

Author : Douglas Goold
Publisher : M&S
ISBN 13 : 9780771033346
Total Pages : 0 pages
Book Rating : 4.46/5 ( download)

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Download or read book The Bre-X Fraud written by Douglas Goold and published by M&S. This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history books will add the Bre-X saga to other legendary frauds like the South Sea Bubble. When the Bre-X bubble burst, the stock that had soared from fifty cents in 1994 to the equivalent of $286 in 1996 was worth nine cents in May 1997, before trading halted forever. And the Busang deposit, supposedly as much as 200 million ounces of gold, worth about $70 billion U.S. - the biggest gold find in history - was actually the century's biggest fraud. How did this happen, right under the noses of the financial world? In this book the experienced investigative team from "The Globe and Mail's Report on Business that broke the story of Bre-X's troubles has combined forces to answer that question. With literally hundreds of Bre-X interviews behind them, and drawing on resources from several continents, they have been able to explain the twists and turns of this complex tale. The result is a fascinating true story that reads like the wildest fiction.

Author : Vivian Danielson
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.05/5 ( download)

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Download or read book Bre-X written by Vivian Danielson and published by . This book was released on 1997 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Kerry B. Collison
Publisher : Sid Harta Publishers
ISBN 13 :
Total Pages : 636 pages
Book Rating : 4.24/5 ( download)

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Download or read book Indonesian Gold written by Kerry B. Collison and published by Sid Harta Publishers. This book was released on 2002 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collison taps his intimate knowledge of Indonesia and Southeast Asia to deliver an outstanding novel about the BRE-X gold scandal, in Kalimantan, Indonesian Borneo.

Author : Dan Davies
Publisher : Scribner
ISBN 13 : 1982114932
Total Pages : 304 pages
Book Rating : 4.30/5 ( download)

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Download or read book Lying for Money written by Dan Davies and published by Scribner. This book was released on 2021-03-09 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: An entertaining, deeply informative explanation of how high-level financial crimes work, written by an industry insider who’s an expert in the field. The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds. Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology. Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit and explains how fraud has shaped the entire development of the modern world economy.

Author : Mark Alexander Smith
Publisher : Xlibris Corporation
ISBN 13 : 1456888315
Total Pages : 198 pages
Book Rating : 4.12/5 ( download)

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Download or read book The Yoder Incident written by Mark Alexander Smith and published by Xlibris Corporation. This book was released on 2011-04-20 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The YODER INCIDENT What happens when an ordinary English teacher is faced with extraordinary circumstances? “The Yoder Incident” chronicles how one non-descript day forever changed the life of an average man. Jaegan Yoder’s wife left him for another man. Stressed and tired of his life, he takes a Friday off from his job as an English teacher and heads to his cabin in the densely-forested lake country of Northern Saskatchewan for a little R&R. En route, he happens upon a fatal accident between security can and a logging track. Upon closer inspection, Yoder finds gold bricks and large amount of cash. With no one around, Yoder takes the booty and leaves. Fast forward to a year later where Yoder’s life takes another bizarre twist. During a fishing trip, he comes upon an overturned canoe with two injured children. He rescues them and races to the hospital. There he meets a beautiful Chinese doctor who has a problem of international proportions. Will Yoder help the young doctor? Will his growing affection for her get in the way of common sense?

Author : Anna Lowenhaupt Tsing
Publisher : Princeton University Press
ISBN 13 : 0691263515
Total Pages : 352 pages
Book Rating : 4.19/5 ( download)

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Download or read book Friction written by Anna Lowenhaupt Tsing and published by Princeton University Press. This book was released on 2024-08-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: What the struggle over the Indonesian rainforests can teach us about the social frictions that shape the world around us Rubbing two sticks together produces heat and light while one stick alone is just a stick. It is the friction that produces movement, action, and effect. Anthropologist Anna Lowenhaupt Tsing challenges the widespread view that globalization invariably signifies a clash of cultures, developing friction as a metaphor for the diverse and conflicting social interactions that make up our contemporary world. Tsing focuses on the rainforests of Indonesia, where in the 1980s and 1990s capitalist interests increasingly reshaped the landscape not so much through corporate design as through awkward chains of legal and illegal entrepreneurs that wrested the land from previous claimants, creating resources for distant markets. In response, environmental movements arose to defend the rainforests and the communities of people who live in them. Not confined to a village, province, or nation, the social drama of the Indonesian rainforests includes local and national environmentalists, international science, North American investors, advocates for Brazilian rubber tappers, United Nations funding agencies, mountaineers, village elders, and urban students—all drawn into unpredictable, messy misunderstandings, but misunderstandings that sometimes work out. Providing an invaluable portfolio of methods for the study of global interconnections, Friction shows how cultural differences are in the grip of worldly encounter and reveals how much is overlooked in contemporary theories of the global.

Author : Alfred Lenarciak
Publisher : Author House
ISBN 13 : 1491847883
Total Pages : 261 pages
Book Rating : 4.86/5 ( download)

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Download or read book BRE-X: DEAD MAN?S STORY? written by Alfred Lenarciak and published by Author House. This book was released on 2014 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1994 and 1997, Canadian-based Bre-X Minerals sponsored and enthusiastically promoted listings on the TSX and NASDAQ by JPMorgan, Lehman, BMO, Scotia as well as others, who were exploring for gold on the Busang property on the Indonesian island of Borneo. Their efforts bore the discovery of a lifetime: a mammoth deposit speculated to contain over 200 million ounces of easily extractable gold. The company's stock exploded from 25 cents to $270, giving them a valuation of over $6 billion. Major mining companies like Barrick, Placer Dome and Freeport McMoran started competing to develop the largest gold deposit ever discovered. In early 1997, Suharto and his Indonesian government took control of the deposit, by force, and commissioned Freeport to build a mega mine. In the ensuing months, due diligence revealed that the deposit was a gigantic hoax! There was no gold in Busang. The principals of Bre-X were accused (but never convicted) of salting (adding gold) the samples before sending them to the labs. Michael de Guzman, a Filipino geologist who served as the project manager, infamously jumped from a helicopter into the abyss of Borneo's jungle. Minorca Resources of Toronto were the financial partners of the Haji Saykerani group of companies who owned Busang. Alfred Lenarciak was the chairman of Minorca at the time. In a strange twist of fate, in February of 2012, Alfred had a chance encounter in Rome, Italy with a man named Akiro Guzzo, who shared with him an amazing story on the life and death of Michael de Guzman: is this really a dead man's story?