Board Chairman of Barrick John Thornton and his team visited the governance experimental area of the Gold Coast Ecological Project accompanied by Board Chairman Chen Yumin
especially some timely technical parameters, via modern media, such as websites. For example, it publishes 24-hour monitoring information about water quality of mines to the society instantaneously. Their idea is that if there are problems, they will publish them initiatively instead of being accused or questioned by other parties.
All of these are very similar to the values of “justice, openness, integrity, responsibility, inclusiveness and harmony” observed by Shandong Gold and the ideal goal of “making as many individuals and as wide area as possible beneft from existence of Shandong Gold Group” that Shandong Gold makes efforts to achieve. What’s more, Barrick Gold Corporation recently carried out the programs of “donating a laptop to each child in the community where the mine locates” and “helping poorly-educated adults in the community finish senior high school education”. These programs coincide with the programs completed by Shandong Gold before Spring Festival, such as donating learning and living supplies to the primary school at the location of the mine and politely presenting new year gifts to each centenarian in resident villages and towns of Laizhou.
Both enterprises have insisted on efforts in ecological protection, such as planting trees in the mining area. Executive Chairman John L. Thornton of Barrick Gold Corporation had knowingly praised Shandong Gold’s efforts when he was investigating Sanshandao Gold Mine and Gold Coast Corporation, and he thought that “Shandong Gold, an eco-friendly mining enterprise” has become a business card of Shandong Gold in mining industry, and Shandong Gold can take the lead in global development and cooperation.
Cooperation for Strategic Demands
Barrick Gold Corporation is a company with strategic pursuits, and it lays stress on global impacts. It attaches great importance to its core assets – gold mineral resources, especially the resources in American Continent. Meanwhile, Barrick Gold Corporation clearly recognizes that it’s not omnipotent. Mr. Thornton explicitly said in the recent international mining conference that Barrick shall learn from excellent enterprises and cooperate with advantageous enterprises, among which Shandong Gold was mentioned.
In the exchange meeting, Barrick’s COO Richard Williams and Chief Financial Offcer (CFO) Catherine Raw stressed many times that now Barrick Gold Corporation will sell assets at right price as occasion requires, but it’s purely strategic considerations instead of market or debt pressures. One of their five innovation fields is to prosper partnership, namely, to create sustainable prosperity by cooperating with excellent companies, communities and governments. They also indicated that Barrick is able to adopt deep strategies which change the traditional mining model during the process of changing from ordinary opencast mining to underground mining, including carrying out diversified cooperation with companies having rich experience in underground mining, like Shandong Gold. We noticed that one of Barrick Gold Corporation’s three innovation focuses is the best partner, which was symbolized by a terrestrial globe with multinational fags, among which the Chinese fag was in the central position.
At the time of communication, six executives of Barrick Gold Corporation and their teams mentioned “looking towards the future”
Barrick’s innovation focus
Barrick’s team introduction
