Barrick Gold Corporation Mining News

The uncertainty of crowds

With Libyans having joined the movement to overturn aging autocracies the Arab street action has moved into a geopolitically more difficult territory. Concern over Libya’s oil exports are showing up as higher crude pricing. Libya’s 1.6 M barrels/day of crude output may well undergo disruptions, but the Saudis could replace that if prices move high enough to cause concern. As troubling is the unpredictability of Muammar Gaddafi and those around him. They seem more likely to go down fighting than the western leaning autocrats have been, and that is more likely to cause splintering of the country and concern similar shifts elsewhere in the region. Markets are reflecting this heightened uncertainty with continued gains for precious metals and US$ as well as oil. We expect the US$ and oil to peak before gold and its cousins do.

Net income rises 57 percent for Barrick Gold

Barrick Gold reported on Thursday that net income in the fourth quarter was up 57% to US$947 million or 95 cents a share, a record result for the world's-largest gold miner. In the same quarter in 2009, Barrick reported US$604 million net income or 61 cents a share. The company produced 1.7 million ounces of gold at a total cash cost of $486 per ounce. Gold production in 2011 is expected to be similar to 2010.

New Conveyor Idler Aligner Delivers Improved Safety, Precise Adjustment

A new conveyor idler aligner featuring a safe and effective method to manually fine tune OEM-style self-adjusting idlers has been introduced by Martin Engineering. Read more

Barrick Gold to deploy inthinc driving safety system worldwide

SALT LAKE CITY — SEPT. 22, 2010 — inthinc Technology Solutions Inc., a global company centered on telematics, fleet solutions and driving safety, today announced that Barrick Gold Corporation will invest $16 million to install waySmart™ […]

Designing for Safety: Mining Companies Collaborate with OEM’s

The phrase “safety is built from the ground up” may seem like a cliché. But a group of mining companies is taking the message to heart with a concerted campaign to work with original equipment manufacturers (OEMs) to ensure that safety […]

Barrick helps US government stem tide of contamination into Yellowstone

Barrick Gold is teaming up with the federal government and the state of Montana to clean up the 80-year-old, 30-acre McLaren tailings site – historically noted as a significant source of heavy metals contamination flowing […]

Geosoft releases CET Grid Analysis software, developed by The University of Western Australia’s Centre for Exploration Targeting

Joint software project, supported by Barrick Gold, helps mineral exploration geophysicists and geologists find discontinuities within magnetic and gravity data.

Barrick halts big Tanzania gold mine after accident

African Barrick Gold suspended production at its Bulyanhulu mine in Tanzania on Tuesday while it worked to rescue miners trapped by a fall of ground, the company said.

Outotec Delivers Copper Recovery Plant to Pueblo Viejo's Gold Mine in the Dominican Republic

Outotec has made an agreement worth approximately EUR 16 million with Pueblo Viejo Dominicana Corporation, owned jointly by Barrick Gold Corporation and Goldcorp Inc. The contract covers the supply of a copper recovery plant based […]

Barrick Gold Corp. gives go-ahead to Pascua-Lama project

Barrick Gold Corp. gave the go-ahead Thursday to start construction of its Pascua-Lama project on the border of Chile and Argentina.

New Western US mine safety chair

The University of Utah has announced the endowment of the Western Mining Presidential Chair in Mine Safety. The $1.5 million endowment is being created through an effort led by  J. Brett Harvey, President and CEO of Consol Energy, and Greg Lang, President of Barrick Gold North America. “In establishing this Endowed Chair in Mine Safety, the University [...]

Barrick Adopts EQuIS for Environmental Data Management

EarthSoft today announced it has been awarded a contract from Barrick Gold Corporation to implement EQuIS software at all Barrick mines worldwide. The Barrick contract consists of EQuIS software in SQL Server, an unlimited Distribution […]