01:12:32 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,167,593,272
Close 2018-11-05 C$ 17.31
Market Cap C$ 20,211,039,538
Recent Sedar Documents

Globe says Barrick still faces questions at North Mara

2018-11-06 07:04 ET - In the News

The Globe and Mail reports in its Tuesday edition that Barrick is facing fresh questions about unresolved grievance claims for dozens of deaths and injuries among villagers around a subsidiary's mine site in Tanzania. The Globe's Geoffrey York writes that Barrick subsidiary Acacia Mining says it has sharply reduced the number of violent clashes between Tanzanian police and local villagers who enter its North Mara site in search of waste rock. While the deaths and injuries may have declined, Acacia is still grappling with complaints that its grievance procedure is unfair and has failed to provide proper compensation for the injured and the families of people who were killed. Acacia said 34 "intruders" died over the past four years, although there were 88 per cent fewer fatalities last year than in 2014. Human-rights activists have questioned Acacia's numbers, saying the true number of deaths and injuries could be much higher. U.K.-based group Rights and Accountability in Development says Acacia's grievance procedure "presses the few victims whose claims are accepted to agree to minimal compensation." It cites Acacia's annual report of last year, which stated that only eight of 117 compensation claims were "substantiated."

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