Caption ‘inaccurate’
The caption accompanying the front-page photograph on your Jan. 12-18 issue is inaccurate at best, and downright vindictive at worst.If John Felderhof was unaware of the salting scam at Busang, the wo…
Bre-X
Cayman court freezes Felderhof assets — Bre-X bankruptcy trustee will also seek release of FIA report
The assets of John Felderhof, Bre-X Minerals’ former vice-chairman, may not be as secure as some had thought.The Grand Court of the Cayman Islands has granted an injunction preventing Felderhof, his w…
The year of the gilded reptile — For fraud and sleaze, 1997 a year like no other
The creatures appear around the top of any market cycle: they’re the scam artists who take advantage of market enthusiasm, novices who haven’t seen it all and experienced market players with memory la…
EDITORIAL — 1997 a walk on the wild side — Scams and skulduggery
Last year came in like a stampeding bull and went out like a lazy bear ready to hibernate. During the months in between, investors watched in horror as an assortment of scam artists unleashed a bag of…
LETTER TO THE EDITOR — Bre-X investor renounces stock market
I am so disgusted over the Bre-X Minerals fiasco that I will never buy another Canadian mining stock, and I’ve invested in them for 36 years.I didn’t lose much on Bre-X; I bought 200 shares when there…
EDITORIAL — Walsh’s plans for Bresea a bad joke No gold, plenty of brass
Bre-X Minerals, the junior mining company whose fabulous Busang gold deposit turned out to be a fraudulent sample factory, is at last where it belongs — in the hands of a bankruptcy trustee. Its liab…
A few desperate men and a salt shaker — An excerpt from The Northern Miner’s Bre-X: Gold Today, Gone Tomorrow
In March 1993, David Walsh picked up the phone, tracked down John Felderhof and said he wanted to come to Indonesia to look at mineral properties for his latest junior company, Bre-X Minerals.Walsh la…
EDITORIAL — The legacy of Busang — Tighter rules on foreign projects Regulators and mining industry experts are engaged in much soul-searching, and a good part of this exercise is aimed at finding ways to ensure that a massive fraud such as Bre-X Minerals’ Busang project does not happen again.
While this infamous bungle in the jungle was an extraordinary event, an open discussion on tightening up the rules of the game is taking place in Toronto. Several proposals for reforms have already be…
EDITORIAL — Book refutes one-man salting theory — The Bre-X scam, Part II
With two Bre-X books already in the bookstores, who needs a third? We think Bre-X shareholders do, or we would never have taken on the task of writing a technically oriented account of what went on at…
Lawyers cast net wider in Bre-X suit
More than 20 Canadian and U.S. law firms, all with pending lawsuits against disgraced Bre-X Minerals, are joining forces on a class action filed in Texas.The suit names all the usual suspects — Bre-X…
LETTER TO THE EDITOR — Criteria for `Man of the Year’ questioned
I have been an avid reader of your newspaper for approximately 14 years and it is my opinion that The Northern Miner is an open, unbiased chronicler of the junior exploration and mining scene. Whether…
EDITORIAL AND OPINION — The best defence is a strong offence — Teflon `victims’
After the Bre-X Minerals salting scandal was exposed, mining professionals worried aloud that they might be tarred with the same brush and that investors, once-burned, would be twice shy of all compan…