Barrick Gold Corporation reveals details about their GISTM sustainable financing framework disclosures
Barrick Mining Corporation, a global mining, exploration, and development company, is making significant strides in the responsible management of its tailings storage facilities (TSFs). The company, which is a member of the International Council on Mining and Metals (ICMM), is publishing detailed site-level disclosures for 65 TSFs worldwide, demonstrating leadership in industry best practices and accountability[1][2][3][4].
Barrick's approach to Safe Closure of TSFs is highly comprehensive, emphasizing long-term risk assessment and mitigation for human health and the environment, stakeholder engagement, biodiversity conservation, and cultural value protection. As of the disclosure date, Barrick has 13 TSFs in Safe Closure, with five more targeted for next year[1][2][3][4].
Key aspects of Barrick's Safe Closure program include thorough risk assessments, technical and engineering measures, water management strategies, dust control initiatives, and stakeholder engagement[1]. The company prioritizes facilities with the highest risk profiles for risk assessments, ensures geotechnical stability through structural reinforcement, and implements water treatment and monitoring to prevent contamination of watersheds[1]. Dust control initiatives such as cover systems, vegetation, or moisture maintenance are also implemented to reduce particulate transport, particularly in arid environments[1].
Stakeholder engagement is a crucial part of Barrick's Safe Closure program, ensuring local community involvement and ongoing cultural and biodiversity protections throughout closure[1][2][4]. The company's efforts align closely with the Global Industry Standard on Tailings Management (GISTM), a set of standards developed to minimize the risks associated with the management of TSFs[2][3][4][5].
Barrick, the largest gold producer in the United States, operates in 18 countries and five continents. The safe closure of these facilities requires stakeholders to be engaged, key biodiversity features to be conserved, and cultural values to be protected[1]. For investor and media enquiries, contact Kathy du Plessis at +44 20 7557 7738 or [email protected].
Mark Bristow, President and CEO of Barrick Mining Corporation, stated that the company is publishing these disclosures to promote transparency. Barrick Mining Corporation shares trade on the New York Stock Exchange under the symbol 'B' and on the Toronto Stock Exchange under the symbol 'ABX'. The disclosures are in alignment with Principle 15 of the Global Industry Standard on Tailings Management (GISTM)[1][2][3][4].
The company has been working diligently to bring inactive TSFs into Safe Closure on a priority basis, reflecting its commitment to responsible mining, strong partnerships, and a disciplined approach to growth[1][4]. The TSF disclosures are available at www.barrick.com/tailings-disclosures.
[1] GlobeNewswire, Inc. [2] Barrick Mining Corporation [3] International Council on Mining and Metals (ICMM) [4] Global Industry Standard on Tailings Management (GISTM) [5] United Nations Environment Programme (UNEP)
- The Toronto Stock Exchange lists Barrick Mining Corporation under the symbol 'ABX', and the company, being the largest gold producer in the United States, operates in 18 countries across five continents.
- In Toronto, Barrick Mining Corporation has released detailed site-level disclosures for 65 of its tailings storage facilities worldwide, demonstrating compliance with the International Council on Mining and Metals (ICMM) and prioritizing responsible health and environmental management.
- Barrick's Safe Closure program, in accordance with the Global Industry Standard on Tailings Management (GISTM) and Principle 15 of the same standard, focuses on key aspects such as comprehensive risk assessments, technical measures, water management strategies, biodiversity conservation, and cultural value protection.
