Barrick Gold

Title: Barrick Gold
Category: Mining
Clicks: 13
Added on: Nov 13, 2011
Barrick Gold is the largest gold and precious metals mining business in the world, with business units in North America, South America, Africa and Australia. Their global headquarter is located in Ontario, Canada and they employ over eleven thousand people worldwide. Committed to efficiently maximizing the production of raw precious metals along with enriching the communities in which it operates, Barrick Gold has been ranked as a leader in corporate social responsibility by the Dow Jones for several years and has received accolades from many industry leaders in areas of safety, health and community enrichment.

Originally an oil and gas company under the name of Barrick Resources, Barrick began its focus on the gold industry in 1983 and began in investing in mining operations world wide. After a long list of smart investments including the Renabie Mine, Camflo Mining and Lac Minerals Barrick quickly became the third largest gold mining operation in 1994. In October of 2005 Barrick acquired Placer Dome, Inc., one of the worlds largest mining operation companies in the world. After a successful acquisition Barrick was then named the largest Gold Mining Company in the world, and they haven’t stopped since. In 2008 they acquired NovaGold and Teck Cominco, further strengthening its position at the top of the precious metals industry.

In 2008 Barrick surprised the world with an innovative move by offering a $10 million prize to any private scientific group that could help them more efficiently and safely harvest silver deposits around the world, which led to several innovations in silver mining that are used by most precious metals industries today.

Barrick Gold has held strong to is commitment to maintaining its commitment to social enrichment in the areas in which it operates, providing thousands of jobs to impoverished areas and creating opportunity and growth in under developed areas.
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