Mining plays key role in achieving UN Sustainable Development Goals, says Barrick

All amounts are in US dollars

TORONTO, Aug. 2, 2024 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Given the importance of the mining sector to the economies of many developing countries and the proximity of its operations to people and natural habitats, the mining sector is uniquely positioned to support the United Nations Sustainable Development Goals (SDGs), Barrick President and CEO Mark Bristow said during the company’s fourth annual meeting. Sustainability update Today.

We present Barrick’s recently published book Sustainability Report 2023Bristow said Barrick’s approach to sustainability is based on an integrated and holistic strategy that aims to deliver results that are achievable, demonstrable and aligned with global priorities.

“By aligning our actions with the Sustainable Development Goals as the central framework for our sustainability reporting, we are better able to address the challenges of alleviating poverty, managing climate change and simultaneously preserving biodiversity, as they are inextricably linked,” he said.

“In 2023, Barrick distributed more than $15 billion in economic value, of which nearly $12 billion went to host countries. It also met its 2025 goal of reducing greenhouse gas emissions by 15 percent compared to a 2018 baseline and achieved an 84 percent water reuse and recycling rate,” said Grant Beringer, Barrick’s chief sustainability officer.

During the webinar, Bristow outlined Barrick’s key upcoming sustainability projects, including the environmental and social impact assessment for the Lumwana mine expansion and Reko Diq project, the completion of a number of resettlement projects, the recommissioning of the Porgera mine, the implementation of the Barrick Biodiversity Assessment Tool, and the consolidation of the Leading Mining Framework standards.

“Our holistic approach to sustainability is embedded in our global operations, and our long-term, science-based and balanced strategy is delivering great results on the ground. However, last year’s results do not mean we can rest on our laurels. We must do even better, striving for continuous improvement,” Bristow said.

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