Glencore's Congo tragedy highlights security conundrum for miners 1:19am EDT [Reuters]
Barrick Gold Corporation (BC) (GOLD)
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Source: Reuters
Glencore's Congo tragedy highlights security conundrum for miners - Reuters 6 Min Read DAKAR/LIMA (Reuters) - The deaths of 43 illegal miners at a Glencore facility in Congo last week highlighted a growing challenge for mining companies struggling to secure sites from small-scale prospectors digging for cobalt, copper and other minerals. Many mines span hundreds of square kilometers across rural terrains, a tantalizing prospect for illegal miners, also known as artisanal miners, who break into sites in search of metals, some of which end up in electric cars and other products. But even as last Thursday’s tragedy ratcheted up pressure on companies to make changes to security and community outreach, industry consultants and analysts say the task will be difficult given the geographic constraints and economic challenges faced by the world’s estimated 40 million artisanal miners. “If people do not have work or an industry, they rely on this activity,” said Patrick Hickey, a mining industr
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- Barrick’s Fourmile Project Shows Further World-Class Potential [Canadian Business Journal (Canada)]Canadian Business Journal
- Long-Term Value Creation Drives Sustainable Growth for Barrick [Canadian Business Journal (Canada)]Canadian Business Journal
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