ASIAN EXPLORATION — Freeport fights suit
Freeport McMoRan Copper & Gold (FCX-N) will file motions in U.S. courts that seek to dismiss a US$6-billion lawsuit over alleged human rights abuses near the Grasberg gold mine in Irian Jaya, Indonesi…
Freeport-McMoRan Inc
Falsification and misrepresentation taint Bre-X
The only gold at the Busang property in Kalimantan, Indonesia, was the gold someone put there.With that conclusion, a technical audit on the exploration program at Busang administered the coup de grce…
EDITORIAL AND OPINION — One for the history books — Strathcona bursts the bubble
We broke one of our own rules this week. The editorial staff of The Miner threw caution to wind and gathered up some loose change to buy an equity position in Bre-X Minerals. Normally, writers are not…
Busang audit expected May 5
Market-watchers are bracing themselves for a rough ride as Bre-X Minerals (BXM-T) and Freeport McMoRan Copper & Gold (FCX-N) await interim results of Strathcona Mineral Services’ technical audit on th…
LETTER TO THE EDITOR — Busang performances award-worthy
I have always been a sucker for fairy tales, perhaps because I’m a kid at heart and have always wished they were true.The rags-to-riches story of Bre-X Minerals, the small Canadian company that suppos…
Bre-X release adds fuel to rumor mill
Rumors, of course, fly better in a vacuum.Shares of Bre-X Minerals (bxm-t) took a wild ride on April 23, as rumors about the company’s Busang gold project in Kalimantan, Indonesia, proliferated thanks…
EDITORIAL & OPINION — Busang’s casting call — Coming attraction
It is part of the human condition to seek comic relief when matters become too serious, which might explain the outbreak of black humor on Bay Street as investors in Bre-X Minerals await the results o…
STOCK MARKETS — Rise in U.S. interest rates deflate TSE still further
More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…
STOCK MARKETS — Great Bre-X belly-flop sinks entire gold market
Widespread carnage among TSE golds; base metals also take a bashing The report period ended April 1 was no joke at the Toronto Stock Exchange, where the Bre-X Minerals bomb of the previous week turned…
EDITORIAL PAGE — `Insignificant amounts of gold’ — Busang goes bust
The Bre-X story will probably play itself out on the world stage for months to come, but it is now safe to say that something went terribly wrong at the company’s Busang gold project in Indonesia.We w…
Freeport, RTZ-CRA ink JV deal in Irian Jaya
RTZ-CRA (RTZ-N) has gained a foothold in the Block A gold operations of Freeport-McMoRan Copper & Gold (FCX-N) in Irian Jaya, Indonesia.The deal calls for the former to acquire a 40% interest in produ…
Freeport reports big jump in year’s earnings
With higher earnings and increased reserves, Freeport McMoRan Copper & Gold (NYSE) ended 1995 on a positive note.Income from its operations in Irian Jaya, Indonesia, increased 30% for the fourth quart…