MAC: Mines and Communities

Asia, here I come!

Published by MAC on 2001-05-01


Asia, here I come!

During the eighties, Galactic had acquired a share in the Far SouthEast gold project (FSGR) on Igorot land in the northern Philippines, then sold it to Rio Tinto in 1990, as Galactic descended into the mire of Summitville and eventual bankruptcy (2). It was not until 1994 that Friedland set his sights seriously on the Asia-Pacific again, and he made up for lost time: targetting first Kazakhstan, Indonesia and West Papua, then Vietnam, China, Mongolia and Burma [Canadian Financial Post 11/6/95]. His financial Trojan horses were First Dynasty, Indochina Goldfields (IGL) and Ivanhoe Capital Corp (ICC).

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