Barrick CEO to forge ahead in Latin America despite past strains [Business News Network (BNN) Energy & Resources (Canada)]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Business News Network
Barrick CEO to forge ahead in Latin America despite past strains Barrick Gold Corp.’s ( ABX.TO ) new boss intends to push ahead with plans to increase investment in the mineral-rich -- but environmentally tricky -- deposits straddling the Chile-Argentina border. “If you want to find elephants, go to elephant country,” Chief Executive Officer Mark Bristow, a South African geologist and big-game hunter, said in a phone interview. The Toronto-based company “absolutely” intends to invest more money in the El Indio copper-and gold belt, he said, adding that its partnerships with Chinese and Chilean miners remain key to its strategy in the region. The world’s largest gold miner, which completed its merger with Randgold Resources Ltd. at the beginning of the year, had been revamping its South American strategy since John Thornton became chairman in 2014. Barrick formed a joint venture at its Veladero mine in Argentina in 2017 with Shandong Gold Mining Co., and formalized an agreement with th
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