Barrick Joins Fight Against Covid-19 in the DRC
08 Aprile 2020 - 11:15AM
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), operator of the
Kibali gold mine, has announced a $1.5 million support program to
help combat and contain the Covid-19 pandemic in the Democratic
Republic of Congo.
Barrick’s chief operating officer for the
company’s Africa and Middle East region, Willem Jacobs, says the
company believes the current situation requires a national response
from all who have the DRC’s interests at heart. Barrick, as a
committed partner to the DRC, has structured a detailed Covid-19
support program for the country, which was communicated to the
government at the beginning of the month by Barrick president and
CEO Mark Bristow.
Barrick’s DRC country manager, Cyrille Mutombo,
has met with the Prime Minister, HE Sylvestre Ilunga Ilumkamba, and
informed him that Kibali had put in place measures to ensure
continuity of its operations and to protect workers and their
families living around the mine. This program is being
managed by the mine’s own doctors and health workers, who are
experienced in dealing with deadly infections such as Ebola.
This new package was an addition to those efforts and
includes the supply of critical equipment to the value of $632,000
at the national level, $488,000 at the provincial level and
$380,000 at the local level.
The Prime Minister noted that the DRC had
launched a National Solidarity Fund for Covid-19 and said he was
delighted that Barrick was among the first to respond with such a
substantial contribution. He requested the Minister of Health
along with the Covid-19 task team to work with Kibali to identify
priorities on which to focus its contribution. Acknowledging
that the remotely situated mine had been transforming the area
since it began operating 10 years ago, he said that the government
would work with the company on the operating challenges it
faces.
Kibali has also offered the early payment of
taxes, which the government has welcomed, and the company is
currently discussing the details with the Ministry of Finance and
the tax authorities.
Barrick enquiries
Investor and media relationsKathy
du Plessis+44 20 7557 7738Email: barrick@dpapr.com |
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press release, including
any information as to Barrick’s strategy or future financial or
operating performance, constitutes “forward-looking statements”.
All statements, other than statements of historical fact, are
forward-looking statements. The words “help”, “contain”, “support”,
“will”, “believe”, “engage”, “promise”, “offer” and similar
expressions identify forward-looking statements. In particular,
this press release contains forward-looking statements including,
without limitation, with respect to financial support and
preventative measures implemented by the Kibali gold mine to
mitigate the impact of the Covid-19 pandemic; efforts to support
provincial and local stakeholders as well as regional health
authorities and community information programs with respect to the
pandemic; and the potential early payment of taxes by the Kibali
gold mine.
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 Barrick 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: the risks associated with Covid-19 and
other infectious diseases presenting as major health issues;
failure to comply with environmental and health and safety laws and
regulations; operating or technical difficulties in connection with
mining or development activities, including geotechnical
challenges, and disruptions in the maintenance or provision of
required infrastructure and information technology systems; 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 the DRC; 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; risk of loss due to
acts of war, terrorism, sabotage and civil disturbances; timing of
receipt of, or failure to comply with, necessary permits and
approvals; litigation and legal and administrative proceedings;
damage to the Barrick’s reputation due to the actual or perceived
occurrence of any number of events, including negative publicity
with respect to the Barrick’s handling of environmental matters or
dealings with community groups, whether true or not; contests over
title to properties, particularly title to undeveloped properties,
or over access to water, power, and other required infrastructure;
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
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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.
Barrick disclaims 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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