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Could this claim be part of another local deception being applied on Marinduque's disaster saga?
Item: "Raza said the province initially declined the offer. “But we were told that Barrick is losing billions due to the downturn of the mining industry globally,” he said.
"He said the provincial government is afraid that Barrick might get absorbed by another company again and not taking the offer would leave the provincial government back to square one." (In today's Phil Daily Inquirer, Sept. 18, 2013) Read
What does Wikipedia say?
Barrick Gold Corporation is the largest gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guiniea, the United States, Canada, Dominican Republic, Australia, Peru, Chile, Russia, South Africa, Colombia, Argentina and Tanzania. For 2008, it produced 7.7 million ounces of gold at a cash cost of US $443/ounce. As of December 31, 2008 its proven and probable gold mineral reserves stand at 138.5 million ounces.
On January 20, 2006, Barrick acquired a majority share of Placer Dome. The production of the combined organization moved Barrick to its current position as the largest gold producer, ahead of Newmont Mining Corporation. Read
And what does Barrick Gold say today that belies the Raza statement? (Or the latest from Barrick Gold found in its website): Read
Barrick Achieves Dow Jones Sustainability World Index Ranking for Sixth Consecutive Year
TORONTO, September 12, 2013 — Barrick Gold Corporation has been named to the Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year, and has also been included on the DJSI’s North American index of leading companies for a seventh straight year.
“It’s an honor to be recognized again this year by this highly-regarded and long-standing global sustainability index,” said Jamie Sokalsky, Barrick’s President and Chief Executive Officer. “The DJSI provides a very important benchmark for our progress in mining responsibly.
“While the past year has been a challenging one for the company, Barrick’s commitment to transparency, environmental management, and positive community engagement remains unchanged. I’d like to thank our employees for their continued diligence and professionalism, and I share this important recognition with them.”
The DJSI World Index independently evaluates more than 2,500 global companies using rigorous sustainability criteria to identify the top ten percent of performers.
