In mineral exploration, salting is the fraudulent practice of adding valuable metals and gemstones, particularly gold or diamond, to ore samples from a mine to inflate the apparent value of the deposit. This deception aims to mislead potential buyers or investors into believing that the mine is more productive and valuable than it truly is.[1] Salting is considered a form of confidence trick and has been employed throughout history to defraud stakeholders in the mining industry. Examples are the diamond hoax of 1872 and the former Canadian gold company Bre-X.
See also
editReferences
edit- ^ Siringo, Charles (1885). A Texas Cowboy, Or, Fifteen Years on the Hurricane Deck of a Spanish Pony. Pantianos Classics. pp. 19–21. ISBN 9781540575937.
This crime-related article is a stub. You can help Wikipedia by expanding it. |
This article about mining is a stub. You can help Wikipedia by expanding it. |