Episode 30 The Bre-X Mining Scandal
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 East Kalimantan, Indonesia. 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.
Bre-X's gold resource at Busang was a massive fraud. Encouraging gold values were intersected in many drill-holes and the project received a positive technical assessment by Kilborn. Crushed core samples had been falsified by salting with gold From Michael De Guzman's gold wedding ring. The salting of crushed core samples with gold constitutes the most elaborate fraud in the history of mining.
In 1997, Bre-X collapsed and its shares became worthless in one of the biggest stock scandals in Canadian history, and the biggest mining scandal of all time.
Micheal De Guzman shortly soon after the fraud was discovered, disappeared. rumours then surfaced that he faked his death, although no consultive evidence has ever been found...
Contact Info:
Gmail: theunansweredquestionspodcast@gmail.com
Twitter: https://twitter.com/crimeunsolved
Blogger: https://theunansweredquestionspodcast.blogspot.com
Instagram: mr_unsolved_podcaster
-
3:32
BuddyBrown
1 year ago"Republican Neighbors" | Buddy Brown | Truck Sessions
3.81K12 -
LIVE
WeatherNation
2 days agoWeatherNation Live 24/7
1,770 watching -
1:15:54
Steven Crowder
2 hours agoKamala’s Media Blitz Ends in Disaster & Major Swing State Polling Update
135K206 -
LIVE
The Rubin Report
1 hour ago‘The View’ Hosts Surprised by Kamala’s Shameful Exploiting of Hurricane Victims for Politics
3,658 watching -
1:51:53
FULL SEND PODCAST
13 days agoJordan Peterson Exposes the Entire Education System and Reveals the Truth Behind the Human Mind!
8.06K2 -
LIVE
Caleb Hammer
17 hours agoHe's My Arch-Nemesis | Financial Audit
200 watching -
21:06
MYLUNCHBREAK CHANNEL PAGE
18 hours agoThe Great Palace Company?
5.88K5 -
LIVE
Omar Elattar
22 hours agoJUSTIN WALLER: My Untold Story From $0-$35 Million/Year, Andrew Tate & Becoming A 1% Man
235 watching -
LIVE
LFA TV
13 hours agoLOCK AND LOAD! | LIVE FROM AMERICA 10.9.24 11am EST
4,607 watching -
57:32
Ron DeSantis
2 hours agoGovernor DeSantis Provides Update #7 on Hurricane Milton at State Emergency Operations Center
26K15