Barrick Gold lost its 'social licence' in Papua New Guinea. This is the price it's paying to earn it back
Article content Mining executives often talk about the importance of having a ‘social licence’ to operate, yet it’s rare to hear them acknowledge when they don’t have one. Barrick Gold Corp.’s chief executive Mark Bristow says it happened to his company in Papua New Guinea, where its Porgera mine had been pumping out gold for nearly three decades, even as a spate of accusations about human rights and environmental abuses in the surrounding communities have festered. We apologize, but ...
Source: financialpost.com