Mining Industry Needs Strong Collective Action on Climate Change Says Barrick
05 October 2021 - 7:10PM
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Reducing emissions
to counter the causes of climate change requires strong collective
action by the mining industry, Barrick president and chief
executive Mark Bristow says.
Bristow hailed today’s collective commitment by
the International Council on Mining and Metals (ICMM) to a goal of
net zero greenhouse gas emissions by 2050 in line with the
recommendations of the Paris Agreement and said it represented an
integrated approach that struck the right balance between
environmental, social and economic needs. Barrick is a member of
the ICMM and its Climate Change Advisory Group.
“Barrick already has a clear scientifically
based emission reduction roadmap which targets a 30% cut by 2030
against our 2018 baseline and a net zero outcome by 2050, in line
with ICMM’s goal,” Bristow said.
The company’s group sustainability executive,
Grant Beringer, said a series of carbon-reducing initiatives was
already being implemented across Barrick’s global operations. At
Nevada Gold Mines (NGM), the world’s largest gold producing
complex, which is operated and majority-owned by Barrick these
included projects such as the construction of a new solar power
plant and the conversion of the TS power plant from coal to natural
gas. These projects will support NGM’s transition from coal power
to a dual energy solution which will reduce the complex’s carbon
emissions by as much as 50%.
Enquiries
Investor and Media RelationsKathy du
Plessis+44 20 7557 7738Email: barrick@dpapr.com
Website: www.barrick.com
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strategy, Barrick’s greenhouse gas emission reduction targets and
ultimate aim to achieve net zero emissions by 2050, and the
potential environmental benefits of the new solar power plant being
built for NGM including a reduction in the complex’s carbon
emissions.
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perception of current conditions and expected developments, are
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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
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Many of these uncertainties and contingencies
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differ materially from those expressed or implied in any
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