Walshes to fight asset freeze

Article Abstract:

David and Jeanette Walsh, who founded Bre-X Minerals Ltd., have filed a motion in the Bahamas Supreme Court to eliminate an injunction which froze their assets and will force them to disclose their financial properties. The injunction also provided that the couple only get an allowance of US$3,000 a week for living expenses. The injunction was granted at the request of Deloitte & Touche Inc., which is handling the Bre-X bankruptcy. Deloitte wants the injunction to stay as it waits the result of a lawsuit it filed in Canada on behalf of investors against some former Bre-X executives, including the couple.

Comment:

Founders David and Jeanette Walsh have filed a motion in Bahamas to eliminate an injunction which froze their assets

Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Gold, Bahamas, Precious metal products, Bre-X Minerals Ltd., Article

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Barrick names long-time executive president, CEO

Article Abstract:

Canadian gold mining firm Barrick Gold Corp has promoted Randall Oliphant to be its president and CEO. Oliphant replaces Paul Melnuk, who was CEO for less than a year. He has been Barrick's chief financial officer for the last five years and jointed Barrick in 1987. Oliphant became a chartered accountant with Coopers & Lybrand where he focused on the mining industry. It was in Coopers that he became acquainted with many Barrick executives.

United States, Gold Ore Mining, Gold Mines, Barrick Gold Corp.

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What Clive Beddoe knew

Article Abstract:

Methods used by Clive Beddoe, Chief Executive Officer of WestJet Airlines Limited, to collect information about Air Canada's operations, are described. Usage of this information for making commercial moves against discount carrier, Jetsgo Corporation is discussed.

General services, Air Transportation, Scheduled, And Air Courier Services, Canada, Officials and employees, Company legal issue, Investigations, Airlines, Behavior, Company systems management, Information management, Beddoe, Clive, WestJet Airlines Ltd.

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