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Barrick ups emissions reduction target to 30% by 2030
The solar power plant at Barrick’s Loulo gold mine in Mali produces 20MW of power. (Image courtesy of Barrick Gold).

Barrick Gold (TSX: ABX) (NYSE: GOLD) held its first-ever virtual presentation to investors on sustainability and reported that in 2020, it had zero high-significance environmental incidents, reached 79% water recycling and reusing by its operations and introduced community development committees at all its active sites.

“At the beginning of last year, we set an emissions reduction target of 10% by 2030 against a 2018 baseline that combined the data from the legacy Barrick and Randgold operations as well as newly acquired assets,” president and chief executive, Mark Bristow, said during the call. “Through the year we worked on identifying further reduction opportunities and this has enabled us to set an updated target of at least 30% by 2030 with an interim reduction target of 15% based on projects already being implemented while maintaining a steady production profile.”

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The solar power plant at Barrick’s Loulo gold mine in Mali produces 20MW of power. (Image courtesy of Barrick Gold).

Barrick Gold (TSX: ABX) (NYSE: GOLD) held its first-ever virtual presentation to investors on sustainability and reported that in 2020, it had zero high-significance environmental incidents, reached 79% water recycling and reusing by its operations and introduced community development committees at all its active sites.

“At the beginning of last year, we set an emissions reduction target of 10% by 2030 against a 2018 baseline that combined the data from the legacy Barrick and Randgold operations as well as newly acquired assets,” president and chief executive, Mark Bristow, said during the call. “Through the year we worked on identifying further reduction opportunities and this has enabled us to set an updated target of at least 30% by 2030 with an interim reduction target of 15% based on projects already being implemented while maintaining a steady production profile.”

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