| Author: | Symonds, W. Shari, M. |
| Title: | Snatching the mother of all gold mines |
| Journal: | Business Week
1996 : DEC 16, VOL. 3438:820, p. 28-29 |
| Index terms: | INDONESIA CANADA MONEY |
| Language: | eng |
| Abstract: | The wild tale of how Canadian giant Barrick grabbed a $20 billion deposit. For both Peter Munk and David G.Walsh, the stakes could not have been higher as they entered the office of I.B.Sudjana, Indonesia's Mining and Energy Minister, for a Nov.14 meeting. At issue: which of their companies would control what may be the world's biggest gold deposit. It was Walsh's company, tiny Bre-X Minerals Ltd. in Calgary, Alta., that had discovered gold in the jungles of Borneo worth at least $20 billion. Walsh planned on realizing this monumental windfall by selling Bre-X to the highest bidder. |
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