STOCK MARKETS — Bre-X debacle leaves TSE bloody
The Toronto Stock Exchange looked like it was having a routine week, until the junior mines went over the cliff.The chain of events started with an announcement, on the morning of March 26, that tradi…
Bre-X
PDAC honors Felderhof and Munk
Much as it dominated the mining headlines in 1996, the Busang gold project was at the centre of the annual awards banquet of the Prospectors & Developers Association of Canada (PDAC).John Felderhof of…
EXPLORATION 1997 — Bre-X and Arequipa set the pace — Canadian companies explore their way around the world
Canadian companies can be found exploring and developing mineral projects in the grasslands of Africa, the jungles of Indonesia, the mountains of Chile, and the Barren Lands of northern Siberia. Typic…
PDAC honors John Felderhof as Prospector of the Year
Only two months after being named The Northern Miner’s Mining Man of the Year for 1996 (an honor he shares with partner David Walsh), John Felderhof will receive the Bill Denis Award for Prospector of…
“We found too much gold” — Freeport-McMoRan to develop Busang, Bre-X retains 45% interest
The open bidding process had been going on all the time.Freeport-McMoRan Copper & Gold (FCX-N) will be the developer of the Busang gold project in northeastern Kalimantan, Indonesia, following an agre…
Who owns what at Busang
Ownership of the Busang gold projects, under the development agreement approved by the Indonesian government on Feb. 18, has been broken down as follows:BUSANG II — (SOUTHEAST)Company…
EDITORIAL PAGE — The Busang waiting game
Maybe today, maybe this week, maybe next month. That about sums up the uncertainty that shareholders of Bre-X Minerals must live with as they wait for the Indonesian government to make a decision on t…
Walsh heads list of top Toronto CEOs
David Walsh, chief executive officer of Calgary-based Bre-X Minerals, has been named the top executive of all companies listed on the Toronto Stock Exchange.Compiled by Heidrick & Struggles, a firm th…
Busang’s fate still uncertain
The Indonesian Ministry of Mines and Energy has sent a letter to Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) that reportedly gives the two companies one month to complete a development agreement f…
Bre-X and Barrick submit proposal
Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) have presented to the Indonesian government a deal that may allow for the development of the Busang gold deposit.The companies submitted a joint proposa…
Busang deal still awaited
The Busang gold deposit in Kalimantan continues to interest major mining companies, despite uncertainty related to the status of negotiations between the deposit’s owner, Bre-X Minerals (BXM-T), and s…
EDITORIAL PAGE — Hardball or spitball?
The Voisey’s Bay nickel deposit in Labrador is an asset of strategic importance to Inco, which is why the major worked hard to defeat rival Falconbridge in the bidding war for the deposit earlier this…