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Author:Warner, A.
Title:Search for a golden fleece
Journal:Banker
1997 : JUL, VOL. 147:6, p. 26-28
Index terms:BANKING
ECONOMICS
GOLD
Language:eng
Abstract:For centuries, hungry gold prospectors have been risking and losing fortunes in the search for the glistering metal. But new heights of misplaced hope have been scaled and fallen this year with the fiasco at Bre-X Minerals, the Canadian exploration company, which turned the "world's biggest gold deposit" into history biggest mining fraud. The discovery of "insignificant" quantities of gold traces at the site at Busang in the province of East Kalimantan, by Freeport McMoRan Copper & GOld, the US mining company.
SCIMA record nr: 165269
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