By Jack Caldwell

Mining Fraud and Mining Investment from the Nevada Commission on Mineral Resources, Division of Minerals provides links to papers and sites on mining fraud.

As you would expect there is an article on Bre-X. But there is more, including:

  • Assays and Assayers provides information about Nevada State requirements.
  • Digging Deep Into Mining is an overview of questions you should ask before you invest in a mining company
  • Mining Fraud Links connects you with other sites with information on mining fraud.
  • Nevada Analytical Laboratory where you can get an independent test result.

Arizona too has its share of mining scams “due in part to its large senior citizen population and Baby Boomers increased interest in investments.” They put out a fun-to-read book A Guide to Mining Investment. And the news about platinum mine fraud. Similarly see the site of the Wyoming Secretary of State on fraud avoidance.

The Fraud ID Handbook touches on mining fraud and helps you equip yourself against the professional. It costs $29.95 from Amazon. See this link for more books on scams and fraud in general. And also this list.

Certainly the saddest mining-related fraud is the e-mails seeking money for the survivors of Sago Mine. The most expensive in the news is that perpetrated by Kvaerner on Equatorial Mining North America. The court order was for payment of $163 million for preparing a feasibility study without undertaking tests. And the most incredible.

From the pages of other sites and blogs devoted to mining and scams:

I do not list historical mining frauds. There are just too many. See HistoryMine for some.