|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
|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.
|Confidential Witness reports related to class action against Barrick Gold|
by compiled by Sakura Saunders (with protestbarrick.net), filer: Labaton Sucharow
August 3rd, 2013
The following is excerpts from court documents filed by Labaton Sucharow LLP on August 2, 2013 in the U.S. District Court for the Southern District of New York. These documents were related to a class action lawsuit filed on behalf of persons or entities who purchased the publicly-traded common stock of Barrick Gold Corporation on the New York Stock Exchange between May 7, 2009 and May 23, 2013. The excerpts focus on information related to the testimony of former employees of Barrick Gold acting as confidential witnesses (CW1 - CW5) in the case.
|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.
|Barrick's Pascua-Lama Should Be Shelved: Pollitt & Co.|
by Kitco, Forbes
July 4th, 2013
Barrick Gold disclosed Friday that it would take a $5.5 billion impairment charge on its Pascua-Lama project, located along the border of Chile and Argentina, fueling talks of the need to shelve the project.
|VIDEO: Diaguita Sing Against Barrick Gold|
A video and song by Pedro Martinez, a member of the ethnic Diaguita who are opposed to Barrick Gold on their lands.
|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.
|Barrick to lay off 100 at Toronto head office|
The world's largest gold-mining company has announced plans to eliminate 100 jobs at its corporate headquarters in Toronto. Barrick Gold Corp. (ABX) said Monday the reduction represents 30 percent of the head office. Barrick spokesman Andy Lloyd cited a challenging business environment. Falling gold prices, rising costs and a sagging stock price weighed down by its Pascua-Lama project have plagued the company. Since late 2011, the gold price has fallen by $600 -- over 30 percent.
|Open letter to Corporate Knights regarding Barrick's placement at #4 on "Best 50 of 2013"|
June 14th, 2013
I am writing in response to your recent "Best 50 of 2013" listing, where you place Barrick Gold in the position of 4th best corporate citizen. You acknowledged that awarding them this honour would stir controversy, as you acknowledge the company has many accusations placed against it for human rights abuses, and even the Chilean government recently shut down its Pascua Lama project due to "environmental irregularities". Still, referencing "publicly disclosed data points that can be compared across companies", you insist that Barrick is a corporate leader.
|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.
|Barrick fined $16m for Pascua-Lama violations|
by LUIS ANDRES HENAO, Associated Press
May 24th, 2013
Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental permit as well as a failure by the company to accurately describe what it had done wrong.
|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.
|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.
|Barrick AGM Protest in pictures|
April 24th, 2013
Protesters braved the rain to send a message to shareholders of Barrick Gold: "Barrick is a toxic asset, invest in life!" (all photos Allan.Lissner.net)
|Chile rejects Barrick’s appeal to resume work at Pascua Lama|
by Cecilia Jamasmie, Mining.com
April 23rd, 2013
Chilean appeals court rejected Canadian Barrick Gold (NYSE, TSX: ABX) subsidiary Minera Nevada's plea to reverse the order to suspend construction on the troubled Pascua Lama gold and silver project.
|New Report! "Debunking Barrick"|
by multiple authors, ProtestBarrick
April 23rd, 2013
As Protest Barrick completes its sixth year of working with communities impacted by Barrick Gold, we are publishing a different kind of alternative annual report. We have noticed over the years that despite some of Barrick`s major abuses coming into light, the company has been able to maintain – within select circles – a reputation for Corporate Social Responsibility (CSR). Meanwhile, around the world, Barrick’s name is still associated with corruption, abuse and environmental harms.