Barrick Joins Challenge to Decarbonize Surface Mining
PRESS RELEASE
NYSE : GOLD TSX : ABX
Barrick Joins Challenge to Decarbonize Surface Mining
Toronto, August 13, 2021 –– Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has become a
patron of the Charge on Innovation Challenge , an industry -wide effort to cut emissions from surface
mining.
The Challenge takes the form of a global competition and seeks to leverage the experience and ideas
of a variety of industries to develop new concepts and solutions for large-scale haul truck electrification.
Electrification is seen as the key to decarbonize mining and the crux of the challenge is to develop a
solution that will safely deliver electricity to large surface haul trucks without adding time to the haul
cycle.
So far over 350 companies from across 19 industries have registered their interest as vendors with 80
companies submitting formal expressions of interest.
With the help of the Australian mining equipment industry body Austmine, the patrons will evaluate
proposals over the next month with a view to creating a short-list of vendors to submit formal proposals.
Once a suitable solution is selected, site trials are expected to start within the next few years.
Barrick president and chief executive Mark Bristow said the company was proud to lend its support to,
and play a part in, this initiative which promises to accelerate the industry’s decarbonization.
“At Barrick, we have set ourselves an emissions reduction target of 30% by 2030 against our 2018
baseline and our vision is to achieve net zero emissions by 2050,” he said. “While we have already
made clear strides in meeting these targets, we are constantly looking at new and innovative ways to
further enhance our environmental credentials.”
Enquiries
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Website: www.barrick.com
BARRICK GOLD CORPORATION PRESS RELEASE
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information
as to our strategy, projects, plans or future operating performance, constitutes “forward-looking statements”.
All statements, other than statements of historical fact, are forward- looking statements. The words
“challenge”, “develop”, “will”, “evaluate”, “trial”, “promise”, “target”, “vision”, “could”, “would” and similar
expressions identify forward- looking statements. In particular, this press release contains forward -looking
statements including, without limitation, with respect to: Barrick’s climate strategy; the potential for the
Charge on Innovation Challenge to reduce emissions from surface mining through large- scale haul truck
electrification; and Barrick’s greenhouse gas emission reduction targets and ultimate aim to achieve net zero
emissions by 2050
Forward-looking statements are necessarily based upon a number of estimates and assumptions including
material estimates and assumptions related to the factors set forth below that, while considered reasonable
by the Company as at the date of this press release in light of management’s experience and perception of
current conditions and expected developments, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements and undue reliance should not be placed
on such statements and information. Such factors include, but are not limited to: failure to comply with
environmental and health and safety laws and regulations; non- renewal of key licences by governmental
authorities; changes in national and local government legislation, taxation, controls or regulations and/or
changes in the administration of laws, policies and practices; expropriation or nationalization of property and
political or economic developments in Canada, the United States and other jurisdictions in which the
Company or its affiliates do or may carry on business in the future; timing of receipt of, or failure to comply
with, necessary permits and approvals; lack of certainty with respect to foreign legal systems, corruption and
other factors that are inconsistent with the rule of law; risks associated with illegal and artisanal mining; risks
associated with new diseases, epidemics and pandemics, including the effects and potential effects of the
global Covid-19 pandemic; damage to the Company’s reputation due to the actual or perceived occurrence
of any number of events, including negative publicity with respect to the Company’s handling of
environmental matters or dealings with community groups, whether true or not; risk of loss due to acts of
war, terrorism, sabotage and civil disturbances; litigation and administrative proceedings; contests over title
to properties, particularly title to undeveloped properties, or over access to water, power and other required
infrastructure; risks associated with working with partners in jointly controlled assets; employee relations
including loss of key employees; and increased costs and physical risks, including extreme weather events
and resource shortages, related to climate change. In addition, there 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 insurance, or inability to obtain insurance,
to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results
to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf
of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All
of the forward-looking statements made in this press release are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and
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underlying forward- looking statements and the risks that may affect Barrick’s ability to achieve the
expectations set forth in the forward-looking statements contained in this press release.
We disclaim any intention or obligation to update or revise any forward- looking statements whether as a
result of new information, future events or otherwise, except as required by applicable law.