MASHINIi

BARRICK MINING CORP.

ABR0.XETRA | Mining of other non-ferrous metal ores

Barrick Mining Corp is a gold and copper mining company. It engages in the exploration, mine development, production, and sale of gold and copper concentrates and related activities. The company has gold and copper mining operations and projects located in North and South America, Africa, Papua New ...Show More

Ethical Profile

Mixed.

Barrick Mining Corp, a major gold and copper miner, faces scrutiny over its environmental impact. Critics point to past cobalt waste pollution, with concentrations allegedly exceeding legal limits by up to 7,011%, and reports suggest toxic spills contaminating water sources. Concerns also exist regarding 14 'Extreme' or 'Very High' consequence tailings facilities. Conversely, Barrick reported a 40% drop in Lost Time Injuries in 2024 and achieved ISO 45001 certification for all operational sites. Its Kibali Gold Mine sources 85% of operational energy from renewables, reaching 100% for six months annually. The company also reported spending $7.1 billion with local and host country suppliers in 2024 and 85% water reuse/recycling.

Value Scores

Better Health for All-70
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-20
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-70
-100100

Better Health for All

-70

Barrick Mining Corp's core operations have caused severe, widespread health damage. Multiple toxic spills of cyanide, mercury, and heavy metals have contaminated water sources, leading to direct health impacts such as vision loss, nausea, and skin lesions, and indirect impacts like the creation of "food deserts" in affected communities.

1
Local water samples in 2022 showed levels of mercury, aluminum, and manganese exceeding WHO standards by up to 485 times.
2
These operations result in major health-harming externalities with inadequate remediation, causing significant community health impacts. Communities are forced to drink bottled water due to contamination, and lab results from 2014 showed cyanide and heavy metals in residents' blood.
3
While the company reported treating 52 million liters of water daily in 2024, severe contamination and ongoing community health problems persist.
4
The company has demonstrated incomplete risk disclosures and a lack of transparency regarding these health risks. It has been accused of withholding information about toxic spills and minimizing their impact, with communities often learning about incidents through informal channels.
5
Low-income and marginalized populations are disproportionately affected by the contamination, creating substantial access barriers to safe water and health.
6
While Barrick has initiated some positive programs, such as providing free healthcare services, community health centers, and mobile health units in underserved communities in its Reko Diq project, these are overshadowed by the widespread negative impacts elsewhere.
7
The company has a notable safety record, including a fatality in February 2022 at its Nevada Gold Mines division, which was reported to have the worst safety record among its divisions in 2022.
8
Additionally, there have been at least five toxic spills in the last seven years at its Veladero mine, with allegations of new spills in 2021 and 2022.
9
While the company reported a 40% drop in Lost Time Injuries across the group in 2024 and no failure incidents in tailings facilities, these improvements do not negate the recent severe incidents.
10
Barrick provides moderate support for the healthcare workforce through partnerships, such as with the Indus Hospital and Health Network to offer 24/7 emergency and midwifery services in Nok Kundi.
11
It also engages in moderate health education through community education programs aimed at improving health knowledge, attitudes, and practices in the Reko Diq project.
12

Fair Money & Economic Opportunity

0

Barrick Mining Corp is a mining company, and its core business does not involve offering lending, deposit, or other financial products to consumers. Consequently, several KPIs designed for financial institutions, such as underserved_client_share, pricing_fairness, exploitative_fee_exposure, inclusion_initiatives, data_accessibility, fair_lending_compliance, wealth_building_outcome, debt_burden_ratio, geographic_inclusion, and product_simplicity, are scored 0 as the company's activities align with the 'not applicable' or 'no such services' definitions for these tiers. While Barrick does engage in significant community development and economic support, these activities do not directly map to the specific quantitative requirements of all KPIs. For instance, the company invested $48.9 million in community development in 2024

1
and spent $7.1 billion with local and host country suppliers.
2
It also supports initiatives like the Kemanyanki youth project (offering microfinance)
3
and the Emprende Alto program, which provided financial contributions to 489 entrepreneurs.
4
Barrick also hosts summer youth days that include financial literacy workshops for 130-150 students.
5
However, specific data required to score profit_reinvestment (percentage of pre-tax profit) and financial_literacy_initiatives (outcomes of programs) is not provided, leading to their omission.

Fair Pay & Worker Respect

0

Barrick Mining Corp's subsidiary, Nevada Gold Mines LLC, had one labor relations violation in 2022

1
and 331 records of workplace safety or health violations with associated penalties between 2021 and 2025.
2
Globally, Barrick reported a Total Recordable Injury Frequency Rate (TRIFR) of 0.91 per 200,000 hours in 2024,
3
with three fatalities in the same year.
4
As of December 31, 2023, 51% of Barrick’s global employees were covered by collective bargaining agreements.
5

Fair Trade & Ethical Sourcing

-20

No substantiated forced or child labour findings were reported in 2023 hotline reports.

1
In 2024, one human-rights related alleged breach was reported but deemed unsubstantiated.
2

Honest & Fair Business

0

No evidence available to assess BARRICK MINING CORP on Honest & Fair Business.

Kind to Animals

0

Barrick Mining Corp's core business involves gold and copper mining, and the provided articles contain no evidence pertaining to animal testing, cruelty-free certifications for products, animal-derived ingredients, animal agriculture, or related supplier audits. Therefore, KPIs such as `cruelty_free_cert_share`, `alt_testing_usage`, `humane_cert_ops_pct`, `ethical_input_sub_pct`, `supplier_audit_pct`, `cage_free_source_pct`, `animal_testing_policy`, `animal_testing_volume`, `innovation_investment_pct`, `animal_agriculture_ethics`, `animal_free_rd_collaboration`, and `public_policy_engagement` are not applicable. While the company demonstrates significant wildlife conservation efforts, including habitat rehabilitation and species protection, the rubric's quantitative thresholds for `wildlife_conservation_impact` require a percentage of revenue invested, which is not provided in the articles, leading to its omission.

No War, No Weapons

0

The provided article, Barrick Mining Corporation's Sustainability Report, focuses on general sustainability efforts, including Scope 3 emissions targets and sustainability management in the mining industry.

1
It explicitly states that it does not contain any data relevant to arms production, defense contracts, conflict zones, or other ethical considerations related to the 'No War, No Weapons' value.
2
Therefore, no evidence was found to score any of the KPIs.

Planet-Friendly Business

-50

Barrick Mining's total Scope 1, 2, and 3 emissions for 2024 were 15.87 million tCO2e, comprising 6.808 million tCO2e for Scope 1 and 2 (market-based)

1
and 9.062 million tCO2e for Scope 3.
2
The company reports a 10% reduction in total GHG emissions since 2018
3
and aims to cut Scope 1 and 2 emissions by at least 30% by 2030.
4
Its climate goals are stated as aligned with the Science Based Targets initiative (SBTi), but are not explicitly validated. The estimated renewable energy usage for 2025 is 32% of operational energy.
5
, with 687 MW of renewable and cleaner energy sources installed since 2019.
6
In 2024, the company recorded 2 Class 2 Environmental Incidents.
7
Its climate strategy disclosures and climate scenario analyses are aligned with the TCFD framework.
8
The company conducts climate scenario analyses, evaluating three distinct climate pathways: Speedy Net Zero (SSP1-2.6), Slow and Steady (SSP2-4.5), and Fossil-Fuelled World (SSP5-8.5).
9
Barrick Mining acknowledges that the consequences of climate change will be unevenly felt, disproportionately impacting vulnerable communities.
10
It supports communities through initiatives such as the Buzwagi Special Economic Zone, designed to attract investment, create jobs, and establish a long-term economic hub at the mine site, including over $2.6 million in irrigation and water supply projects.
11
Biodiversity efforts include Biodiversity Action Plans (BAPs) at all operational sites.
12
, a commitment to no net loss of Key Biodiversity Features, and a positive contribution to conservation.
13
The company partners with the UN REDD+ program to conserve 215,000 hectares of forest around Lumwana operations
14
and stewards 2.5 million acres of ranch land in Nevada.
15

Respect for Cultures & Communities

0

No evidence available to assess BARRICK MINING CORP on Respect for Cultures & Communities.

Safe & Smart Tech

0

No evidence available to assess BARRICK MINING CORP on Safe & Smart Tech.

Zero Waste & Sustainable Products

-70

Barrick Gold was fined $114,750 for 17 instances of discharging liquid waste containing illegal amounts of cobalt into Hedley Creek.

1
These discharges occurred between September 8, 2021, and October 5, 2023, with cobalt concentrations averaging 1,155% and peaking at 7,011% above permit limits.
2
The company has accumulated $1,607,469 in environment-related penalties across 9 records since 2000.
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.