Barrick’s Veladero mine has helped trigger a remarkable economic turnaround in Argentina’s San Juan province, according to a recent study. Between 2004 and 2011, the province’s unemployment rate fell 36 percent, and per capita income surged 177 percent to $5,260 from $1,900. Exports jumped 12-fold to $2.5 billion from $211 million, and the province’s manufacturing sector grew at an average annual rate of 13.5 percent, twice the national average.
Aurora Organic Dairy has donated more than 28,000 gallons of organic milk and 2,500 pounds of organic butter to hunger relief organizations in 2012, according to company records. The in-kind donations are valued at $100,000 in retail sales.
Barrick’s operations are a powerful engine of economic growth and social development in 12 countries. We make significant investments in our host communities that can be a catalyst for positive change, often contributing to a level of prosperity that would not otherwise exist. Barrick contributed $13 billion to the communities in which it operates in 2011. This figure includes good-paying jobs, revenue to governments and businesses, as well as strategic investments and partnerships to improve quality of life.
After serving as Barrick’s Chief Financial Officer for more than 13 years, Jamie Sokalsky was appointed President and CEO in June 2012. He quickly set the company on a new course that stresses disciplined capital allocation. At the same time, he has indicated Barrick remains steadfast in its commitment to corporate social responsibility (CSR) and sharing the benefits of mining with host communities. In a wide-ranging interview, Sokalsky talked about his new role and CSR at Barrick.
The Toys"R"Us Children's Fund has made a $1 million donation to the Hurricane Sandy New Jersey Relief Fund, created to rebuild the Garden State. Toys"R"Us, Inc. has been based in New Jersey for 38 years and has more than 4,000 employees statewide across 45 stores, regional offices, its corporate headquarters and the company's largest retail distribution center.
Anti-poverty initiative featured in new edition of Beyond Borders magazine
TORONTO, January 21, 2013 /3BL Media/ - Barrick Gold Corporation has helped 125 Chilean families living in poverty become homeowners through a partnership with A Roof for Chile (Un Techo para Chile), a non-governmental organization (NGO) dedicated to eradicating slums and providing adequate housing in Chile.
TORONTO, November 19, 2012 /3BL Media/ - Barrick Gold Corporation has been named the top-performing company in a sustainability ranking of Canadian mining companies by Corporate Knights, a Toronto-based media and investment research company.
Accenture and the Accenture Foundation have awarded a grant of $1.8 million to Save the Children to help that organization provide business skills to 7,000 disadvantaged and at-risk young people, including 5,000 young women, in Egypt, Indonesia, and the Philippines. The grant brings Accenture’s direct support Save the Children to more than $2.5 million since 2010.
Company’s economic impact in Nevada profiled in latest edition of Beyond Borders
(3BL Media) Toronot, ON - May 25, 2012 - Barrick Gold Corporation’s operations added $13 billion in economic value to its host countries in 2011, a 30 percent increase from the company’s $9 billion contribution a year earlier. This figure includes local and regional purchases, employee salaries, taxes and royalties and $47 million in community investments to improve quality of life in more than a dozen countries.