Toronto, ON – From author Alfred Lenarciak comes a gripping novel of conspiracy, deceit, and greed. “Gold of Bre-X” follows the Canadian company Bre-X Minerals and its rise and fall because of the “discovery” of an easily extractable gold found during their exploration for gold on the Busang property on the Indonesian island of Borneo.
Bre-X’s efforts bore the discovery of a lifetime: a mammoth deposit estimated to contain over 200 million ounces of easily extractable gold. The company’s stock exploded from 25 cents to over $270, effectively valuing Bre-X at over $6 billion and attracting the interest of major mining companies.
The world’s biggest gold mining companies started competing to develop the largest gold deposit ever discovered. Indonesian President Suharto and his government took control of the deposit by force and commissioned Freeport (American company) to build a mega-mine.
In the ensuing months, due diligence revealed that the deposit was a gigantic hoax. There was no gold in Busang. The principals of Bre-X were accused, but never convicted, of salting samples before sending them to labs. With everything that happened, what happens to Michael de Guzman, the man who “created” the fake gold for Bre-X?
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About the Author
Alfred Lenarciak was born in Poland, and in 1975 emigrated to Canada. Degrees in engineering and finance were the platform that allowed him to invest in mining companies all over the world for more than 30 years. At the age of 60, he decided to become an author, writing novels inspired by his life experience. He lives in Borgo Ferri, Southern Italy, with his wife Barbara, as well as in Nassau and Montreal; devoting his life to writing, philanthropy, and traveling. In the last two years, he published five novels distributed in over 40 countries and is currently working on a new project.
Gold of Bre-X
by Alfred Lenarciak
Publication Date: January 2017
Price: $10.49; 152 pages; ISBN 978-1-946250-43-8
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