Responsible Mining
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Delivering Value…Value… Fromfrom Assets,Assets, Peoplepeople && Projectsprojects
BARRICK GOLD CORPORATION Scotia Capital Gold Conference Toronto – November 29, 2005 DeliveringDelivering Value…Value… FromFrom Assets,Assets, PeoplePeople && ProjectsProjects November 29, 2005 1 Important Information FORWARD LOOKING STATEMENTS Certain information included in this presentation, including any information as to our future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." The words "expect", "will", “intend”, “estimate” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold or certain other commodities (such as fuel and electricity) and currencies; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities or grades of reserves; and the risks involved in the exploration, development and mining business. -
Tribute to Peter Munk
Tribute to Peter Munk Peter Munk Tribute national champion. We wish to share with you some of the tributes to Peter Munk from the President of the University of Toronto, Dr. Meric Gertler, and from various staff physicians at the Peter Muck Cardiac Centre. “A prince among men, walked the walk, generous to a fault. Believed in the vision that is Canada.” – Dr. Heather Ross Cardiologist, PMCC “The first time I heard Peter speak is a memory that remains engrained in my mind. It was about eight years ago at a reception for a donation he and Melanie had just made to the cardiac center. Peter spoke so passionately about his gratitude and love for Canada and how important it was for him to be able to give back to the country that gave him so much. There were about 50 people present for his speech and all of us were transfixed by his emotion and passion. You could hear a pin drop. Everyone was listening intently, absolutely mesmerized by his words. I have never forgotten that moment. His words have and continue to resonate with me. Since that evening I remain inspired to make that extra effort to provide each patient at the Peter Munk Cardiac Centre with excellent, innovative and empathetic care. Peter firmly believed that the PMCC would be the best heart center in the world. We have all worked tirelessly to make Peter’s bold vision a reality.” – Dr. Patricia Murphy Anesthesiologist, Medical Director Cardiovascular Intensive Care Unit, PMCC he late Peter Munk was a Hungarian-born “Peter Munk was a visionary who believed that collectively we Canadian businessman, entrepreneur, investor, and could build the top heart centre in the world. -
Proyecto Megaminero PASCUA LAMA: El Agua Como Origen De La Vida
Proyecto Megaminero PASCUA LAMA: El agua como origen de la vida. “El agua es el elemento y principio de las cosas” Tales de Mileto (624 AC-546 AC. Filósofo y matemático griego) Alexis E. Aranciva Reg. 16547 DNI 31728810 “Cátedra Virtual para la Integración Latinoamericana” Introducción Se intentará elaborar un informe que aborde las características del proyecto binacional de explotación minera denominado “Pascua Lama” y sus consecuencias para la calidad de vida de los pobladores a un lado y otro de la Cordillera de Los Andes. El principal recurso afectado por y para la explotación minera es el agua, puesto que la minería demanda enormes cantidades de agua, y contamina las cuencas hídricas con metales pesados y sustancias químicas como el cianuro, entre otros. Considerando que el agua es el origen de todo tipo de vida en nuestro planeta y que es considerado un recurso escaso, lo que se intentará demostrar en este trabajo es la inviabilidad de los explotación minera a cielo abierto, que requiere grandes cantidades de este recurso tan valioso para el desarrollo y la supervivencia del ser humano como tal. Fundamentación Minería y Contaminación: Daño a los Ecosistemas La minería es una industria altamente contaminante, afecta de manera directa al agua, suelo y aire, lo que se traduce con el tiempo en efectos sobre las personas, animales, plantas etc. es decir afectan a los ecosistemas con las implicaciones ambientales de la actividad minera. La pregunta es ¿Cómo la minería genera contaminación? y ¿Cuáles son los efectos adversos asociados a la actividad minera? La actividad minera contamina, en primer lugar el agua, ya que para poder separar los metales de la roca necesita utilizar agua en grandes cantidades, agua que luego del proceso productivo se encuentra contaminada con elementos como cianuro y metales pesados tales como cadmio, cobre, arsénico, plomo, mercurio, hierro etc. -
Top 20 Largest - Consolidated Short Position Report
Top 20 Largest - Consolidated Short Position Report Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending December 31, 2013. TSX Markets (a division of TSX Inc.) collects this information on behalf of Investment Industry Organization of Canada. Participating Organizations are required to file this information pursuant to Universal Market Integrity Rule 10.10. Issue Name Symbol As of Dec 30 As of Dec 15 Net Change LUNDIN MINING CORPORATION LUN 60,372,644 62,894,431 -2,521,787 BOMBARDIER INC. CL B SV BBD.B 52,650,735 33,988,500 18,662,235 NEW GOLD INC. NGD 46,377,287 47,205,108 -827,821 OSISKO MINING CORPORATION J OSK 43,675,171 43,720,790 -45,619 THOMSON REUTERS CORPORATION TRI 41,633,981 28,979,682 12,654,299 ATHABASCA OIL CORPOATION J ATH 37,568,553 38,388,408 -819,855 MANULIFE FINANCIAL CORPORATION MFC 37,428,824 46,959,284 -9,530,460 BARRICK GOLD CORPORATION ABX 32,416,329 24,026,847 8,389,482 BROOKFIELD OFFICE PROPERTIES INC. BPO 32,255,989 20,777,738 11,478,251 HUSKY ENERGY INC. HSE 29,269,593 26,681,348 2,588,245 LEGACY OIL + GAS INC. LEG 29,210,825 29,114,197 96,628 CELESTICA INC. SV CLS 28,638,415 36,833,550 -8,195,135 BCE INC. BCE 28,544,803 24,118,117 4,426,686 GREAT-WEST LIFECO INC. -
Barrick Announces Passing of Founder and Chairman Emeritus Peter Munk
PRESS RELEASE — March 28, 2018 Barrick Announces Passing of Founder and Chairman Emeritus Peter Munk TORONTO — It is with deep sadness that Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (Barrick or the “Company”) announces the passing of the Company’s Founder and Chairman Emeritus, Peter Munk. Munk passed away peacefully in Toronto today, surrounded by his family. He was 90. Munk, an iconic Canadian entrepreneur and philanthropist, was born in Budapest in 1927. When the Nazis invaded Hungary in 1944, he escaped with his family, ultimately arriving in Toronto in 1948 at the age of 20. An immigrant with neither social connections nor a command of English, Munk nevertheless felt welcomed by Canadians, and he would go on to profess a lifelong love of his adoptive country. In 2011, he remarked, “This is a country that does not ask about your origins but concerns itself with your destiny.” Munk founded Barrick in 1983 and built it into the world’s largest gold mining company in less than twenty-five years. He did so by leading a small team of partners who trusted one another implicitly and who together balanced boldness and prudence in the pursuit of fierce entrepreneurial ambitions. One of Canada’s most significant philanthropists, Munk donated nearly $300 million to causes and institutions that were close to his heart. With his wife, Melanie, he established the Peter Munk Cardiac Centre at the Toronto General Hospital in 1997. Munk donated more than $175 million to the institution, including a $100 million contribution in 2017 that remains the largest single gift ever made to a Canadian hospital. -
Market Index Uniflex 10%
Investment and retirement 5% 10% Market Index Uniflex 10% 25% Main Product Features 25% 6-year term (not redeemable before maturity) Guarantee of principal on maturity of 100% Low management fees of 1% per year 10% 15% $500 minimum deposit An easy way to diversify Cut-off age: 64 y/o (registered) and 70 y/o (non-registered) Even under a scenario where the return of each share is negative, this product may produce a global positive return Sector diversification of the Market Index Uniflex How it works On the settlement date, a starting level will be determined for each Canadian share included in the portfolio. On the maturity date, a ratio of the closing level over the starting level for each share will be computed. The 8 best performing shares during the 6-year term will be automatically assigned a fixed return of 60%, regardless of whether the actual return was positive or negative. The remaining 12 shares will be assigned their actual return. The global return (maximum 60%) will be calculated by averaging these 20 returns. The value at maturity will be the highest value between: the initial deposit; or the initial deposit PLUS global return (maximum 60%) Exposure to 20 Canadian companies included in the S&P/TSX 60 Index Company Sector Company Sector Metro Inc. Scotiabank Consumer staples Loblaw Companies Limited The Toronto-Dominion Bank Royal Bank of Canada Financial services Bank of Montreal Enbridge Inc. Sun Life Financial Inc. TransCanada Corporation Cenovus Energy Inc. Energy Canadian Natural Resources Limited Canadian National Railway Industrials Suncor Energy Inc. -
Barrick Gold
th Professor Nerdster – Independent Equity Research Analyst (August 15 , 2018) favourable terms relative to market expectations in Barrick Gold (ABX) the past, driving the share price downward; • Copper production was down by 22% while Gold has remained in line with multiple Equity Analyst perspectives (JP Morgan, Scotiabank, Barclays); • Decreased EBITA is expected due to higher estimates for costs at various open-pits; • Political risk has caused continued difficulties, particularly with the Tanzanian government over ownership of the Acacia assets which that government owns 64% of. Disputes over environmental requirements of the Chilean portion of the Pascua Lama project are also a concern1; • Greenfield projects are not historically how Barrick Gold delivers shareholder value and yet that is where most of their value will be based in the short run. Barrick Gold’s signature approach has been Stock Rating HOLD through acquisition and divestiture with green tech My 12 – 18 month Price Target $14.25 installations off the back of those projects; • Meanwhile, industry has historically sided with TSX:ABX.TO Today $12.99 companies in this sector that focus on exploration, 52-Week Range $12.54 - $21.27 Barrick Gold has had a different strategy and shareholder pressure may cause ABX to conform Gold Price / Silver Price Assumption $1,400oz /$20oz which is not their unique strategic proposition. ROE / ROA -3.46%/5.74% Volume 2.18MM Barrick Gold’s Strategy After the divestiture of Clairtone to the government Market Cap $14.95B of Nova Scotia, Peter Munk turned his efforts to Dividend $0.16(1.21%) resource industry namely gold and other precious Common Equity $16.7B metal mining in the 1980s. -
Abuse by Barrick Gold Corporation Barrick's Porgera Gold Mine
FACTSHEET: Abuse by Barrick Gold Corporation Representing survivors of gang rape and those killed by Barrick Gold Corporation’s security guards at the Porgera gold mine in Papua New Guinea Canadian mining company Barrick Gold Corporation, the largest gold mining company in the world, operates the Porgera mine in Papua New Guinea (PNG), where security guards have raped and gang-raped hundreds of local women and girls and killed several local men. EarthRights International (ERI) represents a number of survivors of rape and family members whose relatives were killed by Barrick security guards. Barrick’s Porgera Gold Mine Barrick has owned and operated the Porgera gold mine since 2006, when it acquired the previous owner, Placer Dome. Barrick also acquired a legacy of environmental damage and human rights abuses that it has failed to remedy. Each day, Barrick dumps more than 16,000 tons of waste into the Porgera River and local creeks that villagers have long relied upon for drinking water, bathing, and washing clothes and food. The mine’s ever-expanding waste dumps continue to take over the land and bury the homes of the original landowners that have lived in the region for generations, long before large-scale mining came to Porgera. Surrounded on all sides, villagers have no choice but to cross the dangerous dumps to reach agricultural land, commercial areas, schools or other villages. Many have not been compensated for the loss of their land and their homes, and Barrick has refused to relocate them. Without land to farm and sources of clean water, practically the only means of income available to some of the local indigenous communities is to scavenge for remnants of gold in the open pit or the treacherous waste dumps. -
Annual Information Form for the Year Ended December 31, 2018 Dated As of March 22, 2019 BARRICK GOLD CORPORATION
Barrick Gold Corporation Brookfield Place, TD Canada Trust Tower Suite 3700, 161 Bay Street, P.O. Box 212 Toronto, ON M5J 2S1 Annual Information Form For the year ended December 31, 2018 Dated as of March 22, 2019 BARRICK GOLD CORPORATION ANNUAL INFORMATION FORM TABLE OF CONTENTS GLOSSARY OF TECHNICAL AND BUSINESS TERMS 4 REPORTING CURRENCY, FINANCIAL AND RESERVE INFORMATION 10 FORWARD-LOOKING INFORMATION 11 SCIENTIFIC AND TECHNICAL INFORMATION 14 THIRD PARTY DATA 15 GENERAL INFORMATION 15 Organizational Structure 15 Subsidiaries 16 Areas of Interest 18 General Development of the Business 18 History 18 Significant Acquisitions 18 Strategy 19 Recent Developments 21 Results of Operations in 2018 22 NARRATIVE DESCRIPTION OF THE BUSINESS 26 Production and Guidance 26 Reportable Operating Segments 26 Barrick Nevada 27 Pueblo Viejo (60% basis) 28 Lagunas Norte 29 Veladero (50% basis) 29 Turquoise Ridge (75% basis) 30 Acacia Mining plc (63.9% basis) 31 Pascua-Lama Project 32 Mineral Reserves and Mineral Resources 33 Marketing and Distribution 46 Employees and Labor Relations 47 Competition 48 Sustainability 48 Operations in Emerging Markets: Corporate Governance and Internal Controls 49 Board and Management Experience and Oversight 50 Communications 51 - i - Internal Controls and Cash Management Practices 51 Managing Cultural Differences 52 Books and Records 52 MATERIAL PROPERTIES 52 Cortez Property 52 Goldstrike Property 58 Turquoise Ridge Mine 63 Pueblo Viejo Mine 69 Veladero Mine 76 Kibali Mine 86 Loulo-Gounkoto Mine Complex 93 EXPLORATION -
Mr. Peter Munk - Winner of the 2014 Inaugural Award for the 'International Person of Theyear, Montenegro’
The Luxury Collection, Montenegro SPECIAL EXCLUSIVE FEATURE Mr. Peter Munk - Winner of the 2014 inaugural award for the 'International Person of theYear, Montenegro’ 16 the luxury collection In a unique interview, Rade Ljumović from the The Luxury Collection, Montene- Питер Манк – gro talks to the founder of Porto Monte- «Международная персона negro, Mr. Peter Munk about the achieve- года, Черногория» ments to date and plans for the future. В эксклюзивном интервью Раде Лю- мовичу, представляющему журнал The irstly, warm congratulations on receiving the Luxury Collection (Черногория), Питер Finaugural award for the 2014 'International Манк, учредитель Porto Montenegro, Person of the Year, Montenegro' from our magazine. рассказывает о достигнутых результатах Everyone agrees here that the choice was clear. Your и планах на будущее. contribution, passion and desire for Montenegro as a country to grab the opportunity we are given to Прежде всего, примите наши искренние по- succeed in all fields is always clear and never more здравления в связи с получением премии жур- The hotel for so than in the wonderful speech you gave to com- нала «Международная персона года, Черно- us is a proud memorate the opening of the Regent Porto Monte- гория» Мы ни на минуту не сомневались в negro Hotel & Residences in August this year. выборе. achievement, not Ваш вклад, самоотдача и стремление к тому, just because of its The Luxury Collection, Montenegro: On the sub- чтобы Черногория сумела воспользоваться completion but ject of the Regent Hotel, this must have been a very всеми имеющимися возможностями и пре- because it’s an proud evening for you personally and your team at успела во всех областях, очевидны, и особенно Porto Montenegro? явственно это было в Вашей речи, произнесен- important building Mr. -
Event Agenda
EVENT AGENDA WWW.DGF18.COM Incorporating Table of Contents Event Information . Page 2 Venue Maps . .Page 3 Detailed Event Schedule Sunday, September 23. .Page 2 Monday, September 24. Page 5 Tuesday, September 25. Page 9 Wednesday, September 26. .Page 13 Keynote Speakers. .Page 15 Participating Member Companies - Alphabetical List . Page 19 Denver Gold Group Board of Directors John Hill Brian Christie Stephanie Parnell Chairman Director Treasurer Rexerro Capital, Ltd. Agnico Eagle Mines Hanson & Co. Timothy Wood Sarah Heston Onno Rutten Executive Director Director Director Denver Gold Group ASA Gold and Precious Metals Ltd. Mackenzie Investments Stewart Bailey Lisa Maestas Chad Williams Director Director Director AngloGold Ashanti Alacer Gold Red Cloud Klondike Strike Inc. and Red Cloud Mining Capital Inc. WWW.DENVERGOLD.ORG Notice The Denver Gold Group does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any information or materials in general or in connection with any particular use or purpose presented at the Gold Forum. The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum. INVESTMENT ADVICE - NO OFFER OR RECOMMENDATION The Gold Forum and the information and materials presented at the Gold Forum are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated gold related products or any other regulated products, securities or investments. The Gold Forum does not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated gold related products or any other regulated products, securities or investments. -
Adapting to Climate Change: a Guide for the Mining Industry
Adapting to Climate Change: A Guide for the Mining Industry Julia Nelson, Manager, Advisory Services Ryan Schuchard, Manager, Climate and Energy This guide is part of a BSR This primer on climate change adaptation summarizes how companies in the industry series. For additional mining industry are reporting on climate change risks and opportunities, and highlights current and emerging best practices and guidance for E&U companies climate adaptation briefs, please visit www.bsr.org/adaptation. on how to develop a proactive approach to climate change adaptation. In this brief, mining refers to companies involved in the extraction of a broad range of metals and minerals, including precious metals, base metals, industrial Contents and Methodology minerals, coal, and uranium. This brief covers: Introduction Reporting on Risks and Opportunities: A synopsis Due to the wide geographic distribution of mining operations, climate change, including temperature and precipitation shifts as well as more frequent and based on reporting of climate severe extreme weather events, will have complex impacts on the sector. risk in 2009 by 41 mining Climactic conditions will affect the stability and effectiveness of infrastructure and companies to the Carbon equipment, environmental protection and site closure practices, and the Disclosure Project (CDP). availability of transportation routes. Climate change may also impact the stability and cost of water and energy supplies. Current Practices: An outline of actions related to climate Some examples: Warming temperatures will increase water scarcity in some change adaptation based on locations, inhibiting water-dependent operations, complicating site rehabilitation reporting from the CDP, and bringing companies into direct conflict with communities for water resources.