Felderhof trial stalls … again
The long trial of John Felderhof, Bre-X’s former chief geologist, continued on Wednesday with the prosecution’s cro…
Bre-X
Defence begins for Bre-X’s Felderhof
The defence began to build its case on Wednesday in an effort to exonerate John Felderhof, Bre-X Minerals’ former c…
Editorial: Felderhof — prodigal son?
Well, look who’s back in town! John Bernard Felderhof, former vice-chairman of Bre-X Minerals, was spotted in Toronto in mid-March, accompanied by his lawyer, Joseph Groia. The pair were walking into…
Commentary: Busang criticisms led to distortion
In this, the conclusion of a 2-part report, the author examines additional warning signs, or “red flags,” which supposedly should have been obvious to those involved in the Busang project in Indonesia…
Commentary: Some new perspectives on Busang’s red flags
According to the critics of Bre-X’s gold project in Kalimantan, Indonesia, the warning signs, or “red flags,” were numerous and obvious and should have alerted those involved that the gold mineralizat…
OSC brings charges against Felderhof
Two years after Bre-X Minerals’ Busang gold deposit in Indonesia was revealed to be a fraud, securities regulators are laying charges against the company’s former vice-chairman, while police have ceas…
EDITORIAL & OPINION — New rules would have exposed Busang — Nipped in the bud
If the key recommendations are implemented and enforced, the Mining Standards Task Force report, released by the Toronto Stock Exchange (TSE) and the Ontario Securities Commission, will certainly impr…
Bresea merger on hold
A takeover offer from MacDonald Mines Exploration (MMP.A-A) that would have seen a merger with moribund Bresea Resources has been scotched by Bresea’s receiver, Pricewaterhouse Coopers.MacDonald offer…
MINING MARKET & INVESTMENT NEWS — Life after near-death for Bro-X Minerals
Moribund Bro-X Minerals has agreed to merge with MacDonald Oil Exploration (MACO-C), subject to necessary approvals.The merger proposal calls for MacDonald Oil shareholders to receive one share and on…
Bre-X founder dies
David Walsh, the stock promoter behind the meteoric rise of disgraced junior Bre-X Minerals, died June 4 at age 52 following a massive stroke.Walsh was admitted to a Bahamian hospital May 31 and had b…
Walsh’s Bahamian assets frozen by bankruptcy trustee
Deloitte and Touche, the accounting firm acting as bankruptcy trustee for Bre-X Minerals, has obtained a court order freezing the Bahamian assets of former Bre-X chairman David Walsh.The injunction, g…
Bre-X action names Barrick
Claiming that Barrick Gold (ABX-T) knew as early as October 1996 that Bre-X Minerals’ Busang gold deposit was a hoax, lawyers representing shareholders in a class-action suit have named the gold produ…