Saturday May 3, 1997
The Bre-X countdown
Investors place final bets as mining and investment circles await Strathcona's report card on
Busang
By SANDRA RUBIN -- The Financial Post
The Toronto Stock Exchange clamped down Friday on trading of Bre-X Minerals Ltd. as anxious investors placed their
final bets on one of the most compelling mysteries of recent times.
As first reported in The Financial Post, the TSE is now restricting Bre-X trades to avoid chaos when an independent
assessment of Busang's gold reserves hits the streets.
The audit by Strathcona Mineral Services Ltd. is expected to settle whether the Indonesian site is the greatest gold find
of the century or one of the greatest gold frauds of all time.
Full story
Golden moment
Jim Bob Moffett is about to make one of the biggest decisions of his business life. The CEO
of Freeport-McMoRan Copper & Gold is about to get a crucial second opinion on the gold
content of partner Bre-X Minerals' Indonesian gold find. Then he'll know whether to stay
with Bre-X or walk away
By PAUL BAGNELL -- Mining Reporter The Financial Post
By all appearances, Jim Bob Moffett is a man who knows his own mind. A New Orleans newspaper once described his
approach to business as a "can-do, damn-the-torpedoes, full-speed-ahead mentality," a compliment that Moffett happily
accepted.
He only hoped the traits were infectious to those around him, Moffett said at the time.
Full story
The jungle bungle
Bre-X's biggest problem may be a failure to communicate
By DAVID THOMAS -- The Financial Post
Last year Bre-X Minerals Ltd. geologist and senior vice-president John Felderhof called the company's chief executive
David Walsh from Indonesia and gave him some extraordinary news.
"We've got a monster by the tail," Felderhof told Walsh, prefacing his news that the gold content of the company's
Busang property was growing at an astounding rate.
Full story
Bre-X fallout and analysis
APRIL 28-May 3
Bre-X Chronology
May 2: Brokers slap curbs on Bre-X trades as Busang clock ticks
May 2: Barrick haunted by Busang
May 2: Kissinger defends Freeport actions
May 1: Bre-X investors mull court move over broker advice
May 1: Freeport move stirs Bre-X trading
May 1: Freeport holds firm
Apr. 30: Busang's 'bright' prospects
Apr. 30: Strathcona unlikely to clarify Bre-X picture
Apr. 29: Bre-X trading stays frantic
Apr. 29: Busang watchers look to Freeport to provide light
APRIL 21-26
Apr. 26: Truth about Bre-X near
Apr. 26: Tapes may not exist, IDA warns investors
Apr. 26: Bre-X stories on Internet may be manipulation
Apr. 26: Salting: As old as the hills
Apr. 26:How Busang defies nature
Apr. 25: Bre-X brokers under fire
Apr. 25: Audit rumors send Bre-X on wild ride
Apr. 25: Bre-X debacle prompts TSE survey of Wall Street
Apr. 24: Busang drill results spark Bre-X trading frenzy
Apr. 23: Rash of lawsuits from Bre-X shareholders in U.S.
Apr. 23: Backing for Freeport assay method
Apr. 22: De Guzman autopsy 'dispels' family doubts
Apr. 21: Alliance may make Bre-X film
APRIL 15-19
Apr. 19: Should Busang be taken with grain of salt?
Apr. 18: Indonesia bracing for Bre-X backlash
Apr. 18: Bre-X's Busang find said to be an 'elaborate hoax'
Apr. 18: Geologist was once fired for embezzling
Apr. 17: Busang has gold: Friedland
Apr. 16: Placer Dome turns to 'grassroots' mining
Apr. 16: De Guzman autopsy results delayed
Apr. 15: Facing reality on Busang
Apr. 15: SNC Lavalin stands by Bre-X assay results
APRIL 7-12
Apr. 12: OSC sidesteps Bre-X tampering issue; task force to review assay standards
Apr. 12: Bre-X investors hope Freeport blundered
Apr. 12: The core of the matter
Apr. 11: New clues in Bre-X assay mystery
Apr. 11: Is de Guzman really dead?
Apr. 10: Bre-X expects final word on deposit in May
Apr. 10: Freeport is wrong, Bre-X director says
Apr. 10: Battered Bre-X shares tumble to 52-week low
Apr. 9: Questions abound on possible 'salting' of Bre-X samples
Apr. 9: Consultant denies finding placer gold in Bre-X samples
Apr. 8: New Bre-X rumors panic U.S. investors
Apr. 8: Can Barrick solve the Bre-X riddle?
Apr. 8: Bre-X shares extend slide in heavy trading
Apr. 7: Indonesia replaces two officials; denies Bre-X connection
MARCH 31 - APRIL 5
Apr. 5: Bre-X haunted by spectre of 'salting'
Apr. 5: Time line of Busang story
Apr. 5: Proof of tampering would rock Bay Street
Apr. 4: Busang has gold: report
Apr. 4: Canadian investors sue Bre-X, SNC-Lavalin for $3.1B
Apr. 4: TSE beats retreat again
Apr. 4: OSC releases trading histories of Bre-X senior executives
Apr. 3: Strathcona drills for Busang gold, and truth
Apr. 3: Bre-X throws spanner in TSE works
Apr. 3: Lawyers preparing Bre-X suits aim at TSE, SNC-Lavalin
Apr. 3: Whodunit? Searching for Bre-X clues
Apr. 2: Bre-X frenzy pushes shares higher again
Apr. 2: Bre-X trading volume crashes TSE computers
Apr. 2: Tighter rules urged for miners
Apr. 1: Investors' lawsuits begin to fly but they likely won't stick
Apr. 1: Bre-X set to battle it out
Apr. 1: Bre-X files: If there's an error, who made it and when?
Apr. 1: Raising financing tougher for junior miners
Mar. 31: Bre-X mystery deepens suspicions about Busang
MARCH 26-29
Mar. 29: Bre-X fallout puts heat on regulators
Mar. 29: Suspicions grow that gold samples were tampered with
Mar. 29: Mutual funds hurt by Bre-X slide
Mar. 29: Bre-X: Unrequited love
Mar. 29: Nightmare on Bay Street
Mar. 29: Bre-X fallout may give investors more clout
Mar. 29: Rate jitters, Bre-X woes a lethal mix for the TSE
Mar. 28: Bre-X founder faces fight of his life
Mar. 27: When it comes to mining juniors, all that glitters is not gold
Mar. 27: Bre-X mining procedures called into question
Mar. 27: Bre-X's maverick founder dreamed of riches
Mar. 27: Disaster for Bre-X
Mar. 27: Bre-X: How could this happen?
Mar. 27: Other junior miners fall like dominoes
Mar. 27: Mutual funds take hit
Mar. 26: Bre-X -- Quick Facts
Mar. 26: Chronology of Bre-X activities in Indonesia
Comprehensive Bre-X coverage in The Calgary Sun |
