Bre-X |  | Creators: Frederic P. Miller, Agnes F. Vandome, John McBrewster
Publisher: Alphascript Publishing
Category: Book
List Price: $44.00
Buy New: $43.69
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Media: Paperback
Pages: 92
Number Of Items: 1
Shipping Weight (lbs): 0.3
Dimensions (in): 9 x 6 x 0.2
ISBN: 6131772789
EAN: 9786131772788
Availability: Usually ships in 1-2 business days
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Product Description
High Quality Content by WIKIPEDIA articles! Bre-X was a group of companies in Canada. A major part of the group, Bre-X Minerals Ltd. based on Calgary, was involved in a major gold mining scandal when it was reported to be sitting on an enormous gold deposit at Busang, 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. Originally a penny stock, its stock price reached a peak at CAD $286.50 on the Toronto Stock Exchange, with a total capitalization of over CAD $6 billion. Bre-X Minerals collapsed in 1997 after the gold samples were found to be a fraud.
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