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. Academic. 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
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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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