scam story about gold mining

  • Bre-X Wikipedia

    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.

  • Headquarters: Canada
  • Gold Movie vs. the True Story of the Bre-X Gold Mining Scandal

    In researching the Gold movie true story, we learned that it was very hard for Filipinos, even with the right credentials, to get senior jobs with the big mining companies. -Masterminds: Fool's Gold Gold the movie includes some of the crazier elements of the real story, while changing the names, time period, and the location of David Walsh's company.

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  • Biggest gold mining scandal in history gets Hollywood

    24/01/2017· 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 real-life story & Bre-X gold scandal that inspired the

    30/01/2017· It’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

  • BRE-X: Inside The $6 Billion Gold Fraud That Shocked The

    During that period, the market value of de Guzman's employer, Bre-X Minerals, went from nothing to $6 billion. BusinessWeek notes that Wall Street's top analysts were extremely bullish on the

  • Author: Sam Ro
  • How to avoid being caught in a common gold scam MINING.COM

    20/03/2012· This story inspired me to write about several common gold scams that have been around for a while and should be avoided. But, even though they may be well documented, there is

  • The Bre-X Gold Scandal, History and Resources

    Gold mining can create millionaires and criminals. Find out all about the convoluted history of the gold industry's greatest case of fraud. Gold mining can create millionaires and criminals. Find out all about the convoluted history of the gold industry's greatest case of fraud. Menu. Home. The Bre-X Gold Scandal. Search. Search the site GO. Science. Geology Types Of Rocks Landforms and

  • Poseidon bubble Wikipedia

    The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon Nickel of the early indications of a promising nickel deposit in September 1969.. In the late 1960s, nickel was in high demand due to the Vietnam War, but there was a shortage of supply due to industrial

  • Location: Australia
  • Deep level gold mining in the long-term future beyond borders
    This Is Not Entirely UnexpectedBut, It’S Not All Bad NewsAnglogold– HoldGoldfields BuyHarmonygold BuyPanafrican Resources HoldSibanyegold BuyThe scenario the gold industry is facing is the result of a seriesof decisions taken two decades ago driven by concerns that South Africa wasgoing to become a more ‘politically difficult’ environment to operate in.“The gold sector underwent significant consolidation in the late1990s, primarily with the aim of better positioning themselves to evaluate bluesky opportunities off-shore. The potential for profit margins to decreasemoSee more on miningreviewAuthor: Laura Cornish
  • Mining Review Africa Monthly publication to decision

    Mining Review Africa is a monthly publication distributed throughout Africa and internationally to decision makers at mines, and mining houses.

  • The Bre-X Gold Scandal, History and Resources

    Gold mining can create millionaires and criminals. Find out all about the convoluted history of the gold industry's greatest case of fraud. Gold mining can create millionaires and criminals. Find out all about the convoluted history of the gold industry's greatest case of fraud. Menu. Home. The Bre-X Gold Scandal. Search. Search the site GO. Science. Geology Types Of Rocks Landforms and

  • Poseidon bubble Wikipedia

    The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon Nickel of the early indications of a promising nickel deposit in September 1969.. In the late 1960s, nickel was in high demand due to the Vietnam War, but there was a shortage of supply due to industrial

  • BRE-X: Inside The $6 Billion Gold Fraud That Shocked The

    1/07/2012· In 1993, a prospector named Michael de Guzman walked out of the jungles of Borneo with extraordinary news: he found gold.This is according to MasterMinds, a Canadian true crime documentary

  • The GEMHUNTER Mining Scams & Stories

    "A gold mine is a hole in the ground with a liar standing over it" Mark Twain. For me, I loved investigating mining scams. Most were totally outrageous and perpetrated by people with little prospecting and mining experience.

  • Mining Review Africa Monthly publication to decision

    Mining Review Africa is a monthly publication distributed throughout Africa and internationally to decision makers at mines, and mining houses.

  • Home Australian Mining

    Established in 1908, Australian Mining magazine keeps you informed on the latest news and innovation in the mining industry

  • Ghana Gold Scam / Alluvial Gold Dust scam

    "Mary Saxon South African gold from Chad (Nigeria) This one is a bit closer to the standard 419 scam in that there is a fixed amount on the table, the seller is not posing as acting on behalf of a legitimate company and, last but not least, the email is sent from Nigeria, despite the South African storyline.

  • Ghana Gold Scams Romance Scam

    24/09/2019· we are mining company based in Ghana, dealing in Gold and Rough Uncut Diamond, we have in our security vault 250kg dore Bars of gold looking for real buyers also we are looking for investor, Partnership who is ready to work with us on a long time business dealings in our mining concession in Ghana, Sierra Leone Freetown, Guinea Conakry.

  • Gold Scam Mining Company 1 Review 141 Photos Facebook

    Gold Scam is a broker trying to collect buyers Posts false information at the expense of Gold Sell ers without any proof to substantiate it. In fact Gold Scam is the Scammer See More June 6

  • Gold scam a $610m hit to taxpayers as ATO tries to stop

    A national gold scam has cost taxpayers at least 610 million in lost revenue as the Australian Taxation Office struggles to stamp out criminal syndicates defrauding GST in the multi-billion-dollar

  • The Bre-X Gold mining scandal turned part of the Borneo

    21/08/2015· In fact, the largest gold mining scam in the history of the world took place just over a decade ago, when a shady prospector used his wedding ring to fake the existence of a $6 billion mine.

  • Gold Garbbage Scams New and Old

    Behind almost every mining scam is a professional person gone haywire, in this case an assayer. All sorts of associates get dragged into the circle. Another scam, the multi-billion dollar Bre-X disaster, with something like 42,000 salted samples, began with a spoonful of copper-gold shavings in one drill core sample. It worked. Based on the

  • English short story for kids The Gold Miner

    Placer mining is the simplest and cheapest. Quartz mining is where the gold is in clear white rock, some- times in beautiful veins or branches, so beautiful that jewelry is made from the cut and polished stone. Heavy machinery is used to crush and grind this quartz rock, and the fine gold is then by skillful process taken, from it.

  • Large-scale gold miners in scam The Herald

    Government has threatened to descend heavily on large-scale gold mining companies that are reportedly under declaring their gold output. Some of the primary producers are understood to be selling

  • The Visual Story Of The Biggest Fraud In Gold Mining History

    In December 1996, Lehman Brothers Inc. strongly recommended a buy on “the gold discovery of the century.” Major mining companies such as Barrick Gold, Placer Dome, and Freeport-McMoRan Copper & Gold, among other top producers, fought an epic battle to get a piece of Bre-X’s Busang deposit.

  • Crazy true story behind Matthew McConaughey’s new film ‘Gold’

    18/01/2017· Gold is the story of the biggest mining scam of all time, resulting in a $6 billion fraud.. An employee of Canada’s Bre-X Minerals, prospector Michael de Guzman, and John Federhof, a

  • 2016's Top Hedge Fund Manager Relives History's Greatest

    1/06/2017· 2016's Top Hedge Fund Manager Relives History's Greatest Gold Scam A firsthand account of the $6 billion 1997 Bre-X Minerals gold fraud by Warren Irwin,Founder and Chief Investment Officer at Rosseau Asset Management Ltd. Rosseau was the top ranked hedge fund in the world in 2016 of 4,099 hedge funds tracked by BarclayHedge.

  • Review: Gold MiningNews.net

    Review: Gold THE newly released movie Gold stars Matthew McConaughey as down-at-heal mining promoter Kenny Wells, and Edgar Ramírez as the charismatic geologist Mike Acosta. The story follows these two flawed characters riding the crazy wave of a mineral exploration success story, from raising the money to the discovery of a giant gold project in Indonesia.

  • Matthew McConaughey takes on Bre-X, but the real story

    30/01/2017· It’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 an enduring mystery. Two decades after the stock-market

  • Mining Claim for sale Watch before you buy maybe a

    10/02/2012· Mining Claims. Watch this before you ever buy a mining claim. Why are they selling it if it's so good? When was it filed? New filings are scams!