2007 Responsibility Report - English (PDF) - Barrick Gold Corporation

Active and genuine engagement with the local communities and otherkey stakeholders is a fundamental part of the way in which we operate.Local consultation is essential to ensure the benefits of mining areshared and have a long-lasting effect. But it is also critical to understandthe concerns and issues of the community in order for theCompany to put appropriate mitigation and management plans inplace in order to ensure risks are managed and any potential impactof mining is adequately addressed.Barrick’s Community Relations programs are managed at the executive level by theExecutive Vice President, Corporate Affairs. At the Regional Business Units (RBU) there isa senior person responsible for developing strategy and overseeing the implementationof the Community Relations programs. At the site level, our Community Relations teamsvary in size depending on need.Our Community Relations teams and other mine employees are guided by Barrick’sCommunity Engagement and Sustainable Development Guidelines which outline theprinciples, standards and approaches applied by Barrick. The guidelines cover our communityprograms throughout the mine’s life cycle, from exploration through operations toclosure, and are based on international best practice including the International FinanceCorporation Performance Standards and ICMM’s Sustainable Development Framework.VALUE ADDED(In millions of dollars)Community BenefitsRoyalties & TaxesWages & BenefitsRegional Goods& ServicesLocal Goods& Services41.91,417.81,040.71,368.72,740.6COMMUNITY BENEFITS(In millions of dollars)2007 PERFORMANCE• Site or regional-level Community Engagement and SustainableDevelopment Plans were developed at all RBUs and operations• Early stage community relations programs were started or strengthenedat six project sites• Three comprehensive Social Impact Assessments were commissionedor completedDonationsCommunity InitiativesInfrastructureDevelopmentScholarships6.89.321.44.4Barrick Responsibility Report 2007 11