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Building Value in Everything We DoThe International Economic Forum of the Americas – June 7, 2011

Kelvin Dushnisky, EVP Corporate & Legal Affairs

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AustraliaPacific

SouthAmerica

Africa

NorthAmerica

Global Footprint

ProjectMine

Canadian-based gold industry leader, with interests in 25 operating mines and a pipeline of world-class projects located across five continents 

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Philosophy

Barrick is committed to making a positive difference in the communities in which we operate

Barrick is listed on the Dow Jones Sustainability World Index and the NASDAQ World’s Top 100 Sustainable Companies

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Investing for Sustainability

How does Barrick work with governments to extract resources while contributing to sustainable development?

1. Develop open and positive working relationships with local communities and host governments

2. Abide by local laws and international codes, standards and obligations (EITI, VPs, IFC Performance Standards)

3. Be a responsible investor throughout construction and operations - effective CSR practices

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Pueblo Viejo DOMINICAN REPUBLIC

Largest foreign investment in the history of the Dominican Republic – Approximately US$3.3-$3.5B

Generating much needed revenues for the government, 3500 direct jobs (construction) and 1000 direct jobs (operation), environmental and social benefits

Pueblo ViejoJ A M A I C AH A I T I

D O M I N I C A NR E P U B L I C

SantoDomingo

Caribbean Sea

0 miles 100 200 300 400 500

ATLANTIC OCEAN

C U B A

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Pueblo Viejo DOMINICAN REPUBLIC

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Working with the Government

Special Lease Agreement – Rights over license area granted to the company

(mine, develop, explore)– Stabilization of taxation and payments to

government– Ratified by the Dominican National Congress

Municipal Development Plans– Law passed by the Dominican Congress, each

municipality must create a development plan– Company facilitated – but the responsibility for

development and implementation of the plan rests with the municipal government, not the company

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Working with the Government

Environmental Remediation– One of the most ambitious environmental

clean-up efforts performed to international standards in recent mining history

– SLA set out terms of responsibility for each of the company and the Dominican Government

– Barrick’s experts manage the clean-up effort on the Government’s behalf

– Initial agreement to split the cost – now Barrick agrees to 100% funding of defined remediation

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International Obligations

Extractive Industries Transparency Initiative

Voluntary Principles on Security & Human Rights

OECD Guidelines for Multinational Enterprises

UN Global Compact

ISO 14001

ICMM Sustainable Development Framework

Global Reporting Initiative

Involvement of Export Credit Agencies and Equator Principles signatory banks ensures compliance with environmental and social best practice

Corporate policies: CSR, Community Relations, Health and Safety, Human Rights, Water and Energy Conservation

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Community Relations and CSR

Objectives: Position the Company as a catalyst for

sustainable social development Ensure stakeholder confidence in the project –

social license to operate

Multi-tiered strategy: Strong community relations/outreach team Systematic community engagement Strategic community projects – NGO

involvement Monitoring and feedback

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Strategic Community Projects Infrastructure

– Water pipeline improvements– Road construction &

improvement– Sewage improvements– Church renovation project– Rural electrification program

Education– Teacher education program– Strengthening of primary

schools– Adult digital literacy programs

Health & Safety– Community Safety Awareness– Oral hygiene & disease

prevention – Teen pregnancy prevention

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Strategic Community Projects Productive Development

– Greenhouse projects– Fish farming– School orchard, home gardens

Micro-enterprise– Family finance education– Support for community

enterprises– Women’s associations

strengthening– Community associations

strengthening Donations & Sponsorships

– Sports uniforms and equipment– Community events (Teachers’

Day)

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Conclusion

Interact early and openly Be flexible Let communities lead Don’t presume to know the answers –

work collaboratively to find solutions

Thank You