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Classified in: Mining industry, Covid-19 virus
Subject: NEW PRODUCTS/SERVICES

Barrick Paves the Way for Reintroduction of White Rhino to Garamba National Park


GARAMBA NATIONAL PARK, Democratic Republic of Congo, June 10, 2023 (GLOBE NEWSWIRE) -- An initiative begun by Barrick president and chief executive Mark Bristow almost 13 years ago has come to fruition with the successful reintroduction of 16 white rhinos to the Garamba National Park in the northeast of the DRC, where the species was last seen in 2006.

Following more than a decade of dedicated action and support, an environment has been created where they can exist safely. The rhino arrived by aircraft from South Africa this week and have now been released in the park where professional staff and qualified veterinarians will regularly monitor their acclimatization.

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) was the lead donor in the translocation as part of its long-standing partnership with African Parks and Garamba National Park, Africa's oldest wildlife park and a UNESCO World Heritage Site. To date, Barrick has provided more than $2.5 million for tracking collars, fuel for observation planes, rescue and rehabilitation programs as well as improvements to critical infrastructure such as roads and bridges.

The rhinos were sourced from the &Beyond Phinda Private Game Reserve in Kwazulu-Natal, South Africa, and their translocation was achieved in collaboration with the Institut Congolais pour la Conservation de la Nature (ICCN), the Congolese government and African Parks.

Garamba was one of the last strongholds of the now extinct in the wild northern white rhino. The introduction of the near-threatened southern sub-species not only promotes the long-term conservation of rhino in Africa by extending their range, but also creates another breeding node for the species in a safe environment. Since African Parks assumed management of Garamba in 2005, there has been a significant decrease in poaching and most wildlife species found there are showing positive population increases, thanks largely to the development of alternative socio-economic initiatives in and around the park. Additionally, rhino have historically played an important role in regulating the structure and functioning of the park's ecosystem, creating and maintaining grazing lawns that support other fauna and flora and provides important ecosystem services.

Bristow says Barrick's continued support for Garamba is based on the company's holistic approach to sustainability.

"Conserving biodiversity is fundamental to planetary survival, essential to tackling climate change and has an important role to play in the war on poverty. We strive not only to preserve and maintain biodiversity within our permits but to partner with NGOs and other organizations, such as African Parks and Garamba, to protect and restore critical biodiversity in some of the world's most precious places," he says.

Barrick's successful group-wide biodiversity strategy places importance on protecting areas with high conservation value.

It is very important to understand the relationship between the natural environment and the communities that depend on it. Garamba is one of the largest employers in the region, with over 500 full-time staff and hundreds more employees on contract, including law enforcement teams and dedicated community personnel. The park also supports more than 9,000 community members in entrepreneurial enterprises including beekeeping, fish and poultry farming as well as four hospitals with a capacity of 12,000 patients.

Enquiries:

Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected] 

Website: www.barrick.com

Cautionary Statement on Forward-Looking Information

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "continue", "support", "strive", "strategy", "protect", "will", "can" and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick's support of the Garamba National Park including anti-poaching initiatives and other measures to support the white rhino and other wildlife species; Barrick's biodiversity strategy including protection of areas with high conversation value and the development of alternative socio-economic initiatives in and around the Garamba National Park; and Barrick's holistic approach to sustainability and its environmental, health and safety, corporate social responsibility and human rights programs, policies and performance, including regarding local community relations, economic contributions and education and employment initiatives.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: failure to comply with environmental and health and safety laws and regulations; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations relating to related to greenhouse gas emission levels, energy efficiency and reporting of risks; non-renewal of key licences by governmental authorities; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in the Democratic Republic of the Congo and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; timing of receipt of, or failure to comply with, necessary permits and approvals; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's handling of environmental matters or dealings with community groups, whether true or not; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; the impact of inflation, including global energy cost increases following the invasion of Ukraine by Russia; litigation and administrative proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; risks associated with working with partners in jointly controlled assets; and employee relations including loss of key employees. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. 



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