Barrick Gold Australia:
Getting close with local communities and stakeholders in respective countries by ensuring economic growth and social life development was the only way Barrick Gold could enter into profit rich countries. Forecasting indigenous business opportunities and profits the company entered the country by winning hearts of local people.
Barrick Gold initiated its business by entering New South Wales, Australia in 1996. It entered Wiradjuri with its ongoing hope for hi-quantity profits. With its same strategy it entered Lake Cowal which has been a heritage for the local community out there. Lake Cowal basin has been registered as National Estate in Australia’s Directory of ...view middle of the document...
The project has been threatening the local community and their social lives by excavating enormous amounts of ground water. Being legally approved to use seventeen million litres of underground water the company has led to a huge environmental crisis to the local people. The ground level water has dropped to such a level that the local landlords faced water shutoff until it rains in next months.
Even after extracting the gold to its limit , the company continued the process to excavate low-grade minimal quality gold ore which required hazardous chemicals like cyanide to rack it out. The amount of cyanide used has been around six thousand metric tons. Transportation of cyanide to Lake Cowal Gold Project has been a dangerous encounter for the community. As the route to take the cyanide passes densely populated areas and various world heritage areas it has been a huge risk. An train accident in 1992 killed three people and brought down fourty metric tons of cyanide polluting the local areas.
Violations by Barrick Gold:
Barrick Gold has been accused of various environmental robust practices, mining-related accidents and safety violatins. In 2004 Government accused the company by finding out large area of dam in Fimiston affected by cyanide and heavy metal contamination In 2005, Barrick Gold was been accused of letting its machines emit about seven metric tons...