Barrick Gold Archives

Operation suspension spill response

We recently read that Barrick Gold (NYSE:ABX) temporarily underwent a operation suspension spill response at Veladero mine (Argentina). That was in compliance with a government request. Veladero is the only Barrick’s operational mine in the country. In 2015 Veladero produced approximately 10% of total Barrick’s gold production, a percentage forecasted to grow following the company’s last annual report. Management reportedly identified “better operational management of the leach pad” as a contributing factor to the growth in production. Operation suspension spill…

Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes

Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes In the last couple years the mining world has been shaken by a series of large “sour deals”. Among these “deal failures” consequences we can note the following “corporate casualties”. Here is a Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes: Cynthia Carroll CEO of Anglo American said she would quit in Fall 2012. Not long after Marius Kloppler, the…