Mining is a heavily regulated industry; our business depends on strong partnerships with host governments.
From exploration to construction, operation, and closure, our activities are significantly impacted by the political and regulatory environments of our host countries. We recognize that our mines can play a significant role — economically, socially and politically — in many of the jurisdictions where we operate.
We take a partnership approach with all our stakeholders, including with our home and host governments. This means we work to balance our own interests and priorities with those of our government partners, working to ensure that everyone derives real and sustained value from our operations.
Barrick’s executive directors and head office government affairs team work to build constructive relationships and regularly engage with regulators, public-policy makers, and non-governmental organizations, either on a face-to-face basis or through our industry associations.
Through an open and transparent approach we build enduring, mutually beneficial relationships that will lead to sustained value and stability in the long-term. Part of this approach includes collaborating with civil society and developing responsible mining standards and guidelines for our industry. For example, Barrick joined with our industry peers, NGOs, and the Canadian government to advocate for and develop comprehensive legislation governing transparency in payments to governments.
In general we do not contribute funding for politicians or political parties, except on a limited basis as allowed by law and Barrick’s Code of Business Conduct and Ethics and our Anti-Corruption Program.
Barrick made a total of CAD $29,000 in political contributions in 2015, all in the province of Ontario, Canada.
In 2015, our public policy activities focused on working with our industry associations to ensure that Barrick’s position on important issues was represented. All lobbying activities are compliant with regulations and reported to authorities as required.
Key areas of activity included:
Industry associations Barrick is a member of (national and international) include the following:
Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.
By providing your e-mail address, you are consenting to receive press releases and other information concerning Barrick Gold Corporation and its affiliates and partners. You may withdraw your consent at any time.
© 2017 Barrick Gold Corporation© 2017 Barrick Gold Corporation