TORONTO, Dec. 10, 2021 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) revealed its report on Human Rights in the present day outlining the corporate’s revised insurance policies and requirements and their implementation for the reason that merger with Randgold Resources.
The publication of the report coincides with the United Nations’ Human Rights Day, which commemorates the day, in 1948, when the UN General Assembly adopted the Universal Declaration of Human Rights. The theme for this 12 months is Equality.
During 2020, Barrick up to date a number of requirements together with the Use of Force Standard and developed a brand new Voluntary Principles on Security and Human Rights Standard. It additionally revised, up to date and restarted its human rights program, by which each operation conducts a human rights evaluation on a two- to three-year cycle. To date, all high- and medium-risk websites have been assessed, with Kibali within the Democratic Republic of Congo and Loulo-Gounkoto in Mali accomplished throughout 2021.
Barrick skilled its staff and contractors in these up to date requirements and insurance policies and labored with unbiased human rights specialists, Avanzar, to develop on-line modules to make sure that human rights coaching was not hampered by Covid-19 associated journey and social distancing restrictions. Barrick additionally developed ‘practice the coach’ applications to empower its website safety management with the information and expertise to ship long-term coaching to their groups and native public safety forces. These applications have been efficiently carried out on the North Mara and Bulyanhulu operations in Tanzania throughout 2021.
In the report, president and chief govt Mark Bristow stated that recognizing and respecting human rights was a core worth for Barrick, and its Human Rights Policy was one of many first the group up to date following the merger with Randgold Resources. It is codified in Barrick’s standalone Human Rights Policy and knowledgeable by the expectations of the UN Guiding Principles on Business and Human Rights (UNGPs), the Voluntary Principles on Security and Human Rights (VPs) and the OECD Guidelines for Multinational Enterprises.
“Our coverage, merely put, is to respect the human rights of all people impacted by our operations, together with staff, contractors and exterior stakeholders. Wherever we function, we search to keep away from inflicting or contributing to human rights violations and to facilitate remedial motion. The coverage is guided by our philosophy of constructing mutually helpful relationships with our native communities,” Bristow stated.
The report additionally offers an perception into Barrick’s salient human rights points reminiscent of non-discrimination within the office, well being and security, working situations, resettlement, safety, water and the rights of indigenous folks; and displays on Barrick’s legacy human rights challenges in addition to the actions the corporate has taken to treatment these.
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Cautionary Statement on Forward-Looking Information
Certain data contained or included by reference on this press launch, together with any data as to our technique, tasks, plans, or future efficiency, constitutes “forward-looking statements”. All statements, aside from statements of historic reality, are forward-looking statements. The phrases “guarantee”, “empower”, “search”, “facilitate”, “information”, “problem”, “might”, “will”, “can”, “ought to”, “may”, “would”, and related expressions establish forward-looking statements. In explicit, this press launch incorporates forward-looking statements together with, with out limitation, with respect to Barrick’s Human Rights Policy and the implementation of Barrick’s Human Rights Policy and associated requirements following the merger with Randgold; the anticipated advantages of Barrick’s human rights coaching program and human rights assessments, Barrick’s dedication to respecting the human rights of all people impacted by our operations, and actions taken by Barrick to facilitate remedial motion together with with respect to legacy human rights challenges and salient human rights points in keeping with Barrick’s Human Rights Policy. Forward-looking statements are essentially based mostly upon quite a lot of estimates and assumptions that, whereas thought of cheap by Barrick as on the date of this press launch in gentle of administration’s expertise and notion of present situations and anticipated developments, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies.
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