|Barrick offering lands with a thud, shares slide|
by Allison Martell and Euan Rocha, Reuters
November 3rd, 2013
A massive public share offering from Barrick Gold Corp proved a tough sell, market sources said on Friday, as the price of gold dropped and investors digested news that the miner had shelved a key growth project.
|Barrick Chile mine workers set to strike|
October 30th, 2013
* Workers poised to strike after rejecting contract proposal * News of likely stoppage comes day before Barrick results due
|Philippines: Marinduque 'pushed to the wall' by Barrick Gold |
by Catherine Coumans, Mining Watch Canada via Rabble.ca
October 22nd, 2013
Canada’s Barrick Gold, the world’s largest gold mining company that bought out Placer Dome, has spent the better half of a decade fighting the province in court rather than owning up to the company’s responsibility to put things right in Marinduque. Once again, Marinduque is the bellwether, evidence that for all its rhetoric about “responsible mining,” the mining industry is still more concerned with its bottom line than in doing what’s right. In spite of a long legal struggle with competent American lawyers, on September 17, Marinduque provincial administrator Eleuterio Raza told the Philippine Daily Inquirer (Inquirer) that Barrick was offering the province around 20 million dollars, take it or leave it. According to the Inquirer “[t]he amount, however, would further be reduced to $13.5 million after litigation expenses had been paid. ‘These are crumbs,’ said Raza, ‘but we are being pushed to the wall.’” It is perfectly clear that this extremely low level of recovery from Barrick is woefully inadequate to protect the health and safety of Marinduquenos, which can only be secured through the comprehensive rehabilitation of all contaminated ecosystems and the stabilization or removal of shoddy dams and structures in the mountains of the island, as well as the tons of toxic waste that these dams are barely containing.
|Sickness and wealth: Shiny new mine, rusty pollution problems
September 21st, 2013
Residents are suing PVDC, claiming that the new mine is poisoning rivers, causing illnesses and the death of farm animals. They want the government to release the environmental-impact assessment for Pueblo Viejo, which it has so far refused to do.
|Five whistleblowers speak out against Barrick, court documents reveal|
Court documents filed by Labaton Sucharow LLP on August 2, 2013 related to a class action lawsuit on behalf of shareholders of Barrick Gold reveal the testimonies of five former Barrick employees. These confidential witnesses confirm that Barrick top management knew that construction at the Pascua Lama Project was contaminating nearby water sources and breaching environmental conditions that led to the suspension of the project. These witnesses also testify that at a time when the company was estimating that the Project's cost would be between $2.8 and $3 billion, Barrick already had in its possession an engineering report estimating costs for the Project at nearly twice that figure.
|Tanzanian villagers sue London-based African Barrick Gold for deaths and injuries|
Leigh Day Law Firm
July 30th, 2013
London law firm, Leigh Day, today (Tuesday 30 July) served African Barrick Gold (ABG) and North Mara Gold Mine Limited (NMGML) with legal proceedings filed in the UK High Court. The claim alleges that the companies are liable for the deaths and injuries of local villagers, including through complicity in the killing of at least 6 local villagers by police at the North Mara mine in Tanzania. The companies deny the allegations.
|The Case Against Barrick Gold: Why Shareholders are turning on this mining giant|
by Sakura Saunders, Special to ProtestBarrick
July 26th, 2013
On June 5, 2013, Lewis and Patricia Clark filed a class action lawsuit for themselves and other shareholders against the world's largest gold miner for “making false and misleading statements and concealed material information” relating to Pascua-Lama’s delays and costs. The class covers everyone who bought Barrick common stock between May 7, 2009, and May 23, 2013. Since this date, at least 9 law-firms have taken on the case against Barrick.
|Exclusive: Chile indigenous group likely to appeal Barrick ruling: lawyer|
by Alexandra Ulmer, Reuters
July 18th, 2013
A Chilean indigenous group will likely ask the Supreme Court to review a lower court decision on Barrick Gold Corp's Pascua-Lama gold mine, because the ruling does not go far enough to protect the environment, a lawyer representing the group told Reuters on Thursday.
|Chile court rules for Indians against Barrick Gold|
by EVA VERGARA, Associated Press
July 14th, 2013
A Chilean appeals court ruled against the world's largest gold mining company on Monday, favoring Chilean Indians who accuse Barrick Gold Corp. of contaminating their water downstream and creating more doubts about the future of the world's highest gold mine. The judges in the northern city of Copiapo unanimously ruled that Barrick must keep all its environmental promises before moving forward with construction of the Pascua-Lama mine at the very top of Chile's mountainous border with Argentina. They also said Barrick must monitor the condition of three glaciers next to the mine project.
|Third extractive industry report points finger at gold mining companies: Barrick doesn't "Pay a dime" in corporate tax|
by FINNIGAN WA SIMBEYE, Tanzania Daily News
July 9th, 2013
In fact, Barrick which is the world's largest gold miner and the largest gold miner in the country with four mines, including Buzwagi whose controversial signing in 2007, may close down three of its mines without paying a dime in corporate tax.
|Want to sue Barrick? You have over 8 law firms to chose from!|
Just a helpful note from ProtestBarrick that if you would like to sue Barrick Gold, you have many choices for legal representation.
by Tim Elliot, Sydney Morning Herald - Good Weekend
In the Highlands of Papua New Guinea, the locals are largely locked out of the wealth of a lucrative goldmine. Tim Elliott meets a few brave young men determined to claim just a tiny piece of pie.
|Barrick's Pascua Lama could wind up costing US$10bn, analyst says|
by Alexandra Demo-Dananberg, BN Americas
June 26th, 2013
Canadian Barrick Gold's Pascua Lama project on the border of Chile and Argentina could wind up costing US$10bn to build, according to Credit Suisse analyst Anita Soni.
|Corporate Knights defend abusive corporations
by Sakura Saunders, An edited version appeared in NOW Magazine
June 13th, 2013
You only need to check out Corporate Knights magazine’s just-issued Best 50 Corporate Citizens In Canada index to get that “clean capitalism” is all show, no substance.
|Why NZ Super dumped Barrick Gold|
by Tim Hunter, Timaru Herald via stuff.co.nz
Why NZ Super dumped Barrick Gold
|New Zealand Superannuation Fund excludes Barrick Gold and subsidiary African Barrick Gold on responsible investment grounds|
New Zealand Superannuation Fund
May 13th, 2013
The New Zealand Superannuation Fund has excluded global mining company Barrick Gold Corporation and its subsidiary African Barrick Gold from its $22 billion investment portfolio on responsible investment grounds.
|Q&A: Sen. Allende on Barrick Gold’s controversial Chilean mine|
by Kalynne Dakin, Santiago Times
May 8th, 2013
The Socialist Party senator addresses constituent and worker concerns as US$8.5 billion Pascua-Lama mine faces shutdown.
|Barrick’s mea culpa
by Christian Pena, Now Magazine
May 2nd, 2013
If spirits were low inside the venue, outside the mood was buoyant. Activists cheerfully propped up a monster puppet of Munk with a Pinocchio nose to illustrate their view of the company’s claims to social responsibility and drew attention to Barrick’s incursions on indigenous land and its reaction to alleged gang rapes and abuses by company security in Papua New Guinea.
|US$96M fine ratchets Dominican Republic-Barrick Gold showdown|
May 1st, 2013
The Dominican Government on Wednesday halted another precious metal shipment by Barrick Gold, just hours after offering the Canadian based minor a “final deal” to amend the contract for the mine at Pueblo Viejo.
|Barrick’s environmental foes jump on wobbly miner |
by MARTIN MITTELSTAEDT , Globe and Mail
April 25th, 2013
The long term outlook for Barrick shares hinges on many factors: the gold price is obviously the biggest driver, but the company also faces vociferous opposition from environmentalists and many residents around its mine sites, which should be a long term worry for shareholders.