11:52:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,574,071
Close 2017-03-08 C$ 24.06
Market Cap C$ 28,043,712,148
Recent Sedar Documents

Post says Barrick seen as leader in mining innovation

2017-03-08 09:45 ET - In the News

The Financial Post reports in its Wednesday edition that more than $400-billion is at stake in the "Uberization of mining." The Post's Sunny Freeman writes that former World Economic Forum (WEF) director Gillian Davidson told a panel at the Prospectors & Developers convention that in the next 10 years $425-billion is at stake for industry. Among 21 industries studied in a WEF report, mining was most resistant to disruption, Ms. Davidson said, adding that if the industry fails to change from within, forces from outside it will cause transformation. Technological change could also help capture about $30-billion worth of carbon dioxide and save 1,000 lives in the next 10 years. On the flip side, about 5 per cent of jobs are at risk due to automation. "For an industry that was slow to come around to the conversation, we're having really dynamic conversations especially within the C-suite," she said. Michelle Ash, chief innovation officer at Barrick, says that her company is seen as a tech leader in the industry, having partnered with Cisco to implement new approaches in mining, starting with small changes such as Wi-Fi in mines so that workers can call operations headquarters if there are problems on site.

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