BRE-X: Inside The $6 Billion Gold Fraud That Shocked The

Jul 01, 2012 For the next three years, de Guzman produced thousands of core samples riddled with gold. Canada's CBC News has a detailed timeline of the

Landslide in Indonesia leaves 'dozens' of illegal gold

Feb 26, 2019 An illegal gold mine in Indonesia has collapsed and buried dozens of people who are "screaming for help," according to a disaster management official at the mine

Case Study: Bre-X Scandal The $6 Billion Gold Fraud

May 19, 2016 The Bre-X scandal began in March 1993, subsequent to the company purchasing a large mining site in Busang, Indonesia (on Borneo). Subsequent to Bre-X purchasing the mining site in Busang, it boasted that it was sitting on the largest known gold deposit in the world. In October 1995, Bre-X announced that it had discovered significant amounts of

Illegal Gold Mining Sees Steady Rise in Indonesia

Some 2000 braved hazardous work conditions to take up jobs in illegal mines in Gunung Botak, Maluku alone, presumably because they had few alternatives for work. Perhaps because of this as well as payoffs to local officials, government has been slow to shut the mines down. See: Tensions Rise As Freeport-Indonesia Mining Dispute May Go To Court

Gold Movie vs. the True Story of the Bre-X Gold Mining Scandal

In 1993, geologists John Felderhof and Michael de Guzman convinced Bre-X founder David Walsh to buy an area of land in the middle of the jungle not far from the Busang River in Borneo, Indonesia. Bre-X had been a penny stock, but as the estimated amount of gold at the site went from 2 million Troy ounces to a whopping 70 million ounces a few

Showdown in Indonesia Brings World’s Biggest Gold Mine to

FILE: Trucks operate in the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia on Sept. 19, 2015 in this photo taken by

The Bre-X Gold Scandal, History and Resources

Jul 03, 2019 Start with the biggest deposit of gold ever reported, in the headwaters of the Busang River in the steaming jungle of Borneo. The Canadian company Bre-X Minerals Ltd. didn't know about that when it bought rights to the site in 1993. But after Bre-X hired a high-living geologist to map the ore body, the deposit, along with the fever dreams that accompany gold, grew to monster size—by March

Mining Indonesia 2019 > News & Media > Latest News Gold

Indonesia Indonesia is home to one of the largest gold mines in the world, the Grasberg Mine. It did not technically open until the 1980s, but can trace its origins with the Ertsberg mine, which was first discovered in the early 1900s, but didn’t officially open until 1973. The Mine is thought by some to hold the largest gold reserves in the

List of mines in Indonesia Wikipedia

This list of mines in Indonesia is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.

Gold Scams, Frauds, Fakes and Scammers Zen Gold

Genco Africa Logistics, Nairobi, Fake Shipping company with offices in airport, fake updating web tracking page. Adamawa Investments Ltd, Adam Mugga, Kampala, Uganda. Fake websites, gold always gets “lost” in transit. Mr Tegani, Silk Route Cargo Nairobi, and Mr Victor Onyango Juma, Kundelungu Mines LLC. David Bujiku.

Bre-X Wikipedia

Bre-X was a group of companies in Canada. Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia (in Borneo).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.

Huge Indonesia mine resumes operations after lockdown

TIMIKA, INDONESIA (AFP) Operations have resumed at the world’s biggest gold mine in Indonesia, the company that runs it said last Saturday, after workers blocked access to the site in protest at being stopped from visiting their families over virus concerns. The miners at the Grasberg complex in the country’s easternmost Papua region reached

3 rebels linked to Indonesia gold mine attack die in clash

Apr 11, 2020 TIMIKA, Indonesia (AP) Indonesian security forces shot and killed three separatist rebels who were suspected in an attack that killed a New Zealander near the world’s largest gold mine

Nine killed in Indonesia mining accident France 24

Apr 19, 2020 Jakarta (AFP) Nine people were killed by a landslide at an illegal gold mine in Sumatra, an Indonesian official said Sunday. The accident happened

Landslide kills 11 miners in Indonesia-513340

2 天前 A landslide sparked by heavy rains has killed 11 miners in Indonesia, authorities said Thursday, marking the latest in a string of deadly mining accidents across the Southeast Asian archipelago, AFP. The victims were about 20 metres (65 feet) underground at an unlicensed coal mine near a village

EXPOSING GOLD FRAUD AND GOLD SCAMS

Jan 04, 2018 EXPOSING GOLD FRAUD AND GOLD SCAMS Published on January 4, 2018 January 4, 2018 • 124 Likes • 35 Comments

How to avoid being caught in a common gold scam MINING.COM

Mar 20, 2012 Recently, I read an article about how Congo born, Dikembe Mutombo, an all-star NBA defender, was nicely scammed in a fake gold deal. Evidently, he

How to Recognize Mining Fraud INN

Years ago, my father was taken in by a ‘Mexican gold mine’ scam. I believe it was called something like Imperial Gold international. It was insane.

David Walsh, 52, Promoter Caught Up in Gold Mine Scandal

Jun 06, 1998 David G. Walsh, a journeyman stock promoter whose gold mining company, Bre-X Minerals, was at the center of a fraud that wiped out the holdings of investors in

Photograph of Coal Miner Boy in USA from Early 1900s: Fact

Child Labor in US Coal Mines in Early 1900’s. On the other hand, it is a fact child labor did exist in large numbers in US Coal Mines during early 1900’s. Children were cheap labor in the mines and young boys were put to work in day and night hours.

Freeport does a balancing act as world's biggest gold mine

Oct 11, 2020 As of Oct. 8, there had been 1,902 cases in a population of about 224,000, the second-most infected area in Indonesia's easternmost province. Five people have died of COVID-19 at the mine with 724 confirmed cases as of Sept. 29, according to Mining Industry Indonesia, the state company holding a majority stake in Freeport Indonesia.

Nine killed in Indonesia mining accident

Apr 19, 2020 Illegal and unlicensed mines are prevalent across mineral-rich Indonesia and the scene of frequent accidents. In early 2019 at least 16 people were buried alive when a mine collapsed in the Bolaang Mongondow region of North Sulawesi, where five miners were killed a few months earlier in a

Huge Indonesia mine resumes operations after lockdown

Aug 29, 2020 Timika (Indonesia) (AFP) Operations have resumed at the world's biggest gold mine in Indonesia, the company that runs it said Saturday, after workers blocked access to

Luhut admits owning 6,000-ha coal mine in East Kalimantan

A report by a coalition of environmental NGOs, including Greenpeace Indonesia and the Mining Advocacy Network (JATAM), previously revealed that some coal companies in

Huge Indonesia mine resumes operations after lockdown

Aug 29, 2020 Timika (Indonesia) (AFP) Operations have resumed at the world's biggest gold mine in Indonesia, the company that runs it said Saturday, after workers blocked access to

Huge Indonesia mine resumes operations after lockdown

TIMIKA, INDONESIA (AFP) Operations have resumed at the world’s biggest gold mine in Indonesia, the company that runs it said last Saturday, after workers blocked access to the site in protest at being stopped from visiting their families over virus concerns. The miners at the Grasberg complex in the country’s easternmost Papua region reached

Freeport does a balancing act as world's biggest gold mine

Oct 11, 2020 As of Oct. 8, there had been 1,902 cases in a population of about 224,000, the second-most infected area in Indonesia's easternmost province. Five people have died of COVID-19 at the mine with 724 confirmed cases as of Sept. 29, according to Mining Industry Indonesia, the state company holding a majority stake in Freeport Indonesia.

3 rebels linked to Indonesia gold mine attack die in clash

Apr 11, 2020 TIMIKA, Indonesia (AP) Indonesian security forces shot and killed three separatist rebels who were suspected in an attack that killed a New Zealander near the world’s largest gold mine

Nine killed in Indonesia mining accident

Apr 19, 2020 Illegal and unlicensed mines are prevalent across mineral-rich Indonesia and the scene of frequent accidents. In early 2019 at least 16 people were buried alive when a mine collapsed in the Bolaang Mongondow region of North Sulawesi, where five miners were killed a few months earlier in a

Luhut admits owning 6,000-ha coal mine in East Kalimantan

A report by a coalition of environmental NGOs, including Greenpeace Indonesia and the Mining Advocacy Network (JATAM), previously revealed that some coal companies in

Arutmin Indonesia PT. Bumi Resources Tbk

PT Arutmin Indonesia PT Arutmin Indonesia is an Indonesian leading coal mining company operated based on Perjanjian Karya Pengusahaan Pertambangan Batubara (PKP2B) with 59.261-hectare concession area. Supplying highly competitive coal production process, stringent quality assurance procedures and outstanding customer support have made us as a preferred coal provider for power

Can Indonesia take on Freeport? East Asia Forum

Mar 21, 2017 Can Indonesia take on Freeport? 21 March 2017. Author: Matthew Busch, University of Melbourne. Freeport McMoRan, the largest mining company operating in Indonesia, may soon be exiting after fifty years of doing business in the country. Hanging in the balance is the fate of Grasberg, a copper and gold project that is the world’s largest gold mine.

How to avoid being caught in a common gold scam MINING.COM

Mar 20, 2012 Recently, I read an article about how Congo born, Dikembe Mutombo, an all-star NBA defender, was nicely scammed in a fake gold deal. Evidently, he

How to Recognize Mining Fraud INN

Years ago, my father was taken in by a ‘Mexican gold mine’ scam. I believe it was called something like Imperial Gold international. It was insane.

How much gold is there left to mine in the world?

Sep 23, 2020 Other major sources of gold include the extremely deep Mponeng mine in China, the Super Pit and Newmont Boddington mines in Australia, Indonesia's Grasberg Mine, and mines in Nevada, US. China is currently the world's biggest miner of gold, while Canada, Russia, and Peru are also major producers.

All about African gold deals, scams, fraud and reality

All about African gold deals, the reality shock factors. Trying to make a gold deal with African gold suppliers? Welcome to the page where you get to read all essential facts about African gold deals, we call it the reality shock factors, as yes, you might be shocked to find out you have wasted months and maybe even years in attempting to close the deal with African suppliers on distance.

10 biggest gold mines of the world Rediff Business

Feb 17, 2012 1. Grasberg Gold Mine. This mine is located in the Indonesian province of Papua.. It produced 2,025,000 ounces of gold, according to the annual report of Rio Tinto Plc. The majority of the mine

Biggest Single GOLD NUGGET Ever UNEARTHED on the Island

Gold Nugget Explorer Episode 17 (All Series Episodes Links Below) ***Note: This is not the exact METAL DETECTOR we use on the video, BUT this is what we're u...