Barrick has established company-wide systems, standards and targets to help us live up to the expectations of our community and government partners:
- Barrick has a Local Procurement and Contracting Standard, which requires our Community Relations and Supply Chain teams to develop the capacity of local and regional suppliers and help them improve their access to mine contracts and supplier opportunities.
- Barrick requires site Community Relations and Human Resources teams to develop Local Employment Plans, which help create more opportunities for local people to work at our mines.
- Our Local Content Framework helps sites use more local labor and buy more local goods and services. The framework is a guide, outlining the steps to develop local employment and local procurement programs and referencing best international practice. It helps sites be better partners in community and socio-economic development, which ultimately helps build a more secure license to operate.
- The significant taxes and royalties derived from mining operations are important sources of government revenue, used for infrastructure projects, health care, education, and other important public services. Our Tax Management Policy sets out global standards and provides guidance on tax risk management. Everywhere we operate, we pay our fair share of taxes and royalties to all levels of government.
By doing this, we add value and create prosperity for our people, our government and community partners, and our shareholders.