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Social & Economic Development

Community & People

Mining done well and responsibly is a massive lever for development.

Mining done well and responsibly has a unique ability to drive socio-economic development and contribute to the achievement of the UN Sustainable Development Goals (SDGs).

$15.26 billion

total economic value contributed in 2022, including in taxes and dividends to host governments

$36.2 million

in community development investments in 2022

$6.14 billion

in local purchases

 

At Barrick, creating long-term value and sharing economic benefits drives our approach to sustainability. We strive to be a good corporate citizen and a genuine partner for our host communities in locally led development, and to build resilience to global challenges. First and foremost, it is the right thing to do. Beyond that, it also helps to ensure the social license needed for our mines to operate.

Maintaining a social license to operate has been identified as the number one risk for the mining industry for the last two years and that is why across our business we seek to invest in real partnerships with shared responsibility.

“Mining is the fly wheel for global development.  At Barrick, that belief drives our approach to sustainability, and community development. We strive to be a good corporate citizen and a genuine partner for our host communities in locally led development, and to build resilience to global challenges.”
Mark Bristow, President and CEO