Barrick Gold

BARRICK GOLD SHUT DOWN WATER SUPPLY AFTER DISCOVERING URANIUM IN ZAMBIA

Posted on by Gambeta News
BARRICK GOLD SHUT DOWN WATER SUPPLY AFTER DISCOVERING URANIUM IN ZAMBIA

Barrick Gold says it has found uranium in the drinking water of an open section of its Lumwana copper mine in Zambia, forcing it to halt the water supply and switch to other water sources for its workers in the section. The Zambian mine has become increasingly important to Barrick’s future. The Toronto-based company has announced plans for a US$2-billion expansion at Lumwana to create one of the world’s biggest copper mines, with construction to begin late…

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BARRICK GOLD REPORTS US$11m LOSS

Posted on by Gambeta News
BARRICK GOLD REPORTS US$11m LOSS

Barrick Gold Corporation announces US$11m loss due to Goodwill payoff agreement with Tanzania. The world’s largest mining company Barrick Gold Corporation has reported that it lost US$11m in the third quarter due to an increase of a tax provision related to a goodwill payoff of US$300m, the company agreed with Tanzania. Previously the tax provision of the company – which is the amount it agreed would be paid by its subsidiary Acacia to Tanzania was US$128 million…

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