Press release: Discrimination of women- Not yet an issue for German Banks

Berlin, 07 March 2019 – To commemorate International Women’s Day on the 8th of March, Facing Finance is calling on German banks to consider the gender-specific consequences of their financing and investments.
German banks have already taken the first steps to counter the discrimination and disadvantage of women in their own banks. “However, large banks in particular have not introduced any review processes to check the negative effects of their financing or investment decisions on women,” criticises Sarah Guhr, project manager at Facing Finance.   ... →

Barrick Gold admits violations against environmental regulations

Barrick Gold admitted that its actions were not in line with environmental regulations of the controversial Pascua Lama project. The project is concerned with building gold and silver mines. Last month, a Chilean court ruled to stop building activities until Barrick creates the infrastructure to prevent the contamination of water supply. Barrick now officially agreed with the court’s decision and promised to apply all regulations correctly.   ... →

Chile Halts Construction of Barrick Gold’s Pascua-Lama Mine

After a four-month investigation, Chile’s environmental regulator has halted construction of Barrick Gold’s Pascua-Lama mine. A fine of more than $16 million was imposed on the Canadian company for “serious” and “very serious” environmental violations. The mining project, originally set up to take advantage of the thousands of tons of gold and silver deposits in the region, straddles the Chilean-Argentinian border.   ... →

Barrick Gold and AngloGold Ashanti (AGA): profiting from deception and depriving Tanzania

Fraud and tax avoidance Tanzania

Tanzania, located atop 45 million ounce of gold, economically valued at US$39 billion, is Africa’s third largest gold producer. Barrick Gold and AGA are primarily involved in operating Tanzania’s gold mines, with exports amounting to US$2.5 billion in gold during the past five years while the government has accrued just US$21–US$22 million per annum on average.   ... →

Barrick Gold: High levels of various metals contaminate the environment

Environmental devastation in Tanzania

Barrick Gold is running a gold mine in the Mara-district in North Tanzania.

People claimed that the tailing dam was leaking and fear contamination of the area. Barrick alleged that people had been stealing the lining of the tailing dam and destroying pipes. In May 2009 a major spill occurred at the mine.   ... →