Barrick Lauds Launch of Global Tailings Management Standard
05 Agosto 2020 - 3:34PM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today welcomed the
launch of the Global Industry Standard on Tailings Management,
developed through a year-and-a-half long review process involving
the United Nations Environment Programme (UNEP), Principles for
Responsible Investment (PRI) and the International Council on
Mining and Minerals (ICMM).
The company, which participated in the process,
said this rigorous, independent and multi-stakeholder review would
improve tailings management practices across the industry and
reduce the potentially catastrophic risk to people and the
environment of tailings dam failures.
Group sustainability executive Grant Beringer said
Barrick fully endorsed the principles embodied in the new standard
as it had long been committed to ensuring that its tailings
facilities meet global best practice standards for safety.
“We put safety at the centre of our tailings
management and it determines how we manage these facilities from
location and design to operation and safe closure. Our facilities
are meticulously engineered and regularly inspected, with special
attention given to those in regions with high rainfall or seismic
activity,” he said.
“Our tailings and heap leach management standard
comprises six levels of inspection and surety. These range from
high-tech monitoring technology, including piezometers,
inclinometers, drone and satellite surveys, to movement detection
and drainage measurement. Internal specialists conduct regular
assurance audits and our tailings management is also reviewed by an
independent tailings review committee composed of internationally
recognized experts in this field.”
Enquiries: Kathy du Plessis
Investor and Media Relations +44 20 7557 7738 Email:
barrick@dpapr.com
Cautionary Statement on Forward-Looking
Information
Certain information contained or incorporated by
reference in this press release, including any information as to
our strategy, projects, plans or future operating performance,
constitutes “forward-looking statements”. All statements, other
than statements of historical fact, are forward-looking statements.
The words “launch”, “would”, “commitment”, “will”, “reduce”,
“ensure”, “surety”, “conduct”, “review” and similar expressions
identify forward-looking statements. In particular, this press
release contains forward-looking statements including, without
limitation, with respect to the anticipated benefits of the Global
Industry Standard on Tailings Management including improved
tailings management practices across the industry and reduced risks
to people and the environment due to tailings dam failures;
Barrick’s commitment to ensuring its tailings facilities meet
global best practice standards for safety; and Barrick’s tailings
and heap leach management standard and practices including with
respect to engineering, inspection and surety.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions including material
estimates and assumptions related to the factors set forth below
that, while considered reasonable by the Company as at the date of
this press release in light of management’s experience and
perception of current conditions and expected developments, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking statements and undue reliance
should not be placed on such statements and information. Such
factors include, but are not limited to: risks associated with
projects in the early stages of evaluation and for which additional
engineering and other analysis is required; increased costs,
delays, suspensions and technical challenges associated with the
construction of capital projects; operating or technical
difficulties in connection with mining or development activities,
including geotechnical challenges and disruptions in the
maintenance or provision of tailings storage and heap leach
facilities and other required infrastructure and information
technology systems; failure to comply with environmental and health
and safety laws and regulations; non-renewal of key licenses by
governmental authorities, timing of receipt of, or failure to
comply with, necessary permits and approvals; changes in national
and local government legislation, taxation, controls or regulations
and/or changes in the administration of laws, policies and
practices, expropriation or nationalization of property and
political or economic developments in Canada, the United States and
other jurisdictions in which the Company or its affiliates do or
may carry on business in the future; lack of certainty with respect
to foreign legal systems, corruption and other factors that are
inconsistent with the rule of law; risks associated with illegal
and artisanal mining; risks associated with new diseases, epidemics
and pandemics, including the effects and potential effects of the
global Covid-19 pandemic; disruption of supply routes which may
cause delays in construction and mining activities; damage to the
Company’s reputation due to the actual or perceived occurrence of
any number of events, including negative publicity with respect to
the Company’s handling of environmental matters or dealings with
community groups, whether true or not; risk of loss due to acts of
war, terrorism, sabotage and civil disturbances; litigation and
legal and administrative proceedings; contests over title to
properties, particularly title to undeveloped properties, or over
access to water, power and other required infrastructure; risks
associated with working with partners in jointly controlled assets;
employee relations including loss of key employees; increased costs
and physical risks, including extreme weather events and resource
shortages, related to climate change; and availability and
increased costs associated with mining inputs and labor. In
addition, there are risks and hazards associated with the business
of mineral exploration, development and mining, including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins, flooding and gold bullion, copper
cathode or gold or copper concentrate losses (and the risk of
inadequate insurance, or inability to obtain insurance, to cover
these risks).
Many of these uncertainties and contingencies can
affect our actual results and could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made in this
press release are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial
securities regulatory authorities for a more detailed discussion of
some of the factors underlying forward-looking statements and the
risks that may affect Barrick’s ability to achieve the expectations
set forth in the forward-looking statements contained in this press
release. We disclaim any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
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