|Gold mines collapse|
the Guardian (Tanzania)
July 21st, 2013
After years of super profits, Tanzania’s gold mining sector is facing a serious crisis as gold prices tumble down this week from a record $1900 to $1,277 per ounce at the beginning of this year. As production costs at the African Barrick Gold (ABG) and Geita Gold Mine (GGM) remain high, the gold mining industry which enjoyed a boom from 2006 is now at the crossroads. Already, potential investors have shelved any plans of developing new mines following price falls at the global market.
|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.
|Blows to Barrick: Barrick's stocks tumble as costs rise|
July 5th, 2013
In recent months, Barrick's share price have continuously tumbled to its current price of under $15/share, down from over $40/share last October. While there are many factors that have contributed to this sudden fall, much of it can be attributed to bad management, high debt, and fraudulent activity on the part of Barrick Gold.
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 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.
|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.
|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)
|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.
|Dominicans Protest Against Canadian Miner Barrick Gold|
Latin American Herald Tribune
April 22nd, 2013
Dozens of people marched Thursday in this northern Dominican city against Canadian miner Barrick Gold, which is developing the massive Pueblo Viejo gold mine in the Caribbean nation.
|2012-13: A bad year for Barrick|
excerpt of "Debunking Barrick", an alternative annual report on Barrick Gold
April 18th, 2013
Before you think about investing in Barrick, check out this timeline of actions against Barrick's operations around the world since last July.
|Barrick Gold: Is Pascua-Lama A Mine That Should Not Be Built?|
April 16th, 2013
The uphill struggle for Barrick Gold (ABX) to finally bring the Pascua-Lama mine into production hit another snag last week when a Chilean court ordered all works on the Chilean side of the project to cease pending a decision on a complaint filed by a group of native indigenous people. Court sources quoted by Reuters anticipate the dispute to go to the Chilean Supreme Court, which could mean delays to the order of several months. The suspension is the latest in a series of setbacks to the Pascua-Lama project. Target dates for initial production have been delayed, and cost estimates had to be corrected at least twice.
|CONFRONT BARRICK: 2013 AGM Protest and Alternative Annual Report!|
Once a year, the board of Directors of the world’s most powerful gold mining corporation converge in downtown Toronto. This year, we're releasing a report that chronicles Barrick's lies and highlights the true stories behind their false CSR spin. Help us ensure that these stories don't get ignored.
|Dominican government halts a Barrick Gold shipment(Update)|
March 14th, 2013
The Dominican Republic government Wednesday halted a gold shipment worth millions which the Barrick Gold Pueblo Viejo Corp. was about to export to Canada via the United States, from the Las Americas Airport’s freight terminal. President Danilo Medina reportedly instructed Customs director Fernando Fernandez to ban the export until the Canadian mining company reaches an agreement with the government.
|Economic Displacement + Water Depletion + Long-Term Pollution ≠ Sustainable Development|
ProtestBarrick editor Sakura Saunders distributed this fact sheet at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto on March 5, 2013. It is just the tip of the iceberg regarding Barrick's abuses, but enough points to prove a point that Barrick does not promote sustainable development at their mine sites. The fact sheet was distributed after Saunders spoke during the question period of the CEO panel which featured Barrick CEO, Jamie Sokalsky.
|Tanzania: Two Killed in Mine Invasion|
by Jacob Mugini, Tanzania Daily News
March 4th, 2013
TWO people were on Saturday killed at the North Mara Gold Mine which is operated by African Barrick Gold (ABG), police have said. "Examination on the bodies of the deceased at the Tarime District Hospital has just been concluded and it indicates that the lady was shot on her left eye by a bullet which came out of her body through her back and we are still investigating whether the bullet was fired by our officers,' Mr Sabastian Zakaria, a senior police officer at the Tarime special regional police zone said on Sunday afternoon.
|Notorious Dominican lawmaker heads protest against Barrick Gold|
February 13th, 2013
Hundreds of people including a notorious Deputy are marching Wednesday to protest against Canadian miner Barrick Gold, demanding a revision of the contract to exploit the Pueblo Viejo site, or leave the country .
|New government threat for Barrick/Goldcorp|
by Peter Koven, Financial Post
January 31st, 2013
The threat of resource nationalism never seems to go away. This week, the spotlight shifted to Barrick Gold Corp. and Goldcorp Inc. as the Dominican Republic’s Congress said it wants a “more favourable” contract on the Pueblo Viejo mine.
|Conflicts surrounding Canadian mines ‘a serious problem’|
by Catherine Solyom, Montreal Gazette
December 18th, 2012
Canadians abroad have long benefited from what psychologists call “the halo effect”: Because of its reputation as a peace-loving, human-rights respecting, tree-hugging land, Canada can do no wrong. But perceptions in Latin America are changing, say observers here and there, as conflicts pitting Canadian mines against local communities become entrenched and spread across continents, and the line between those companies and the Canadian government becomes increasingly blurred.
|Clean capitalism gets mixed results in the Andes|
CSR has become controversial because, observers said, it does not necessarily make the mining more responsible — it makes it easier to sell.Rod Jimenez, the vice-president of corporate affairs for Barrick South America, said the company has done a lot to build trust in the community, likening the battle for hearts and minds around Pascua-Lama to a marriage.