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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.

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By: Henry Lazenby Updated 4 hours ago Moody's Investors Service has downgraded Canadian miner Eldorado Gold's corporate family credit to B2 from B1, citing high geopolitical risks, limited mine diversity, and execution risks related to its material development projects. "The downgrade of Eldorado's rating reflects the.

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