Bre-X Minerals Ltd.

A company involved in one of the largest stock swindles in history. Its Indonesian gold property, which reportedly contained over 200 million ounces, was proven fraudulent in May of 1997.

At its peak, Bre-X had a market capitalization of US$4.4 billion.


Investment dictionary. . 2012.

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  • Bre-X Minerals Scandal — ▪ 1998       The biggest fraud in the history of mining was exposed in March 1997 the claim by Calgary, Alta. based Bre X Minerals Ltd., a small Canadian exploration firm, that it had made one of the world s largest gold discoveries in a remote… …   Universalium

  • Bre-X — Minerals Ltd., a member of the Bre X group of companies, was a junior Canadian mining company, based in Calgary, that was once reported to be sitting on an enormous gold deposit at Busang, Indonesia (on Borneo). Bre X bought the Busang site in… …   Wikipedia

  • Bre-X group of companies — was a group of companies which included Bre X Minerals Ltd., Bro X Minerals Ltd., and Bresea Resources Ltd. Bre X Groups of companies managed all of the companies from 1993 until it filed for bankruptcy protection in 1997. Bre X Minerals Ltd. was …   Wikipedia

  • Bre-X-Skandal — Der Bre X Skandal, oder Busang Schwindel von 1997 war einer der größten Bergbau und Börsenskandale der kanadischen Geschichte. Benannt ist er nach der kanadischen Explorations Gesellschaft Bre X Minerals Ltd. und deren Höffigkeitsgebiet Busang in …   Deutsch Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Walsh, David Gordon — ▪ 1999       Canadian stock promoter whose company, Bre X Minerals Ltd., sold shares on the basis of claims that the Busang gold deposit in Indonesia was the richest strike ever; although investors lost billions of dollars when it was discovered… …   Universalium

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  • Calendar of 1997 — ▪ 1998 JANUARY JANUARY 1       Ghanaian Kofi Annan replaces Egyptian Boutros Boutros Ghali in the position of United Nations secretary general.       Among those knighted by Queen Elizabeth II in the annual New Year s Day ceremony is pop musician …   Universalium

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