Barrick Gold Essay

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Name: Zubair Rahman Khan(A00352441) STRATEGIC MANAGEMENT MGMT 4489 Introduction: Barrick Gold Corporation is the largest gold mining company in the world, which was founded in the year 1983 by a Canadian business leader Peter Munk, with its headquarters in Toronto, Ontario, Canada. On May 2nd, 1983 Barrick Gold Company held its first initial public offering (IPO) and now its shares are traded by the symbol of ABX on the Toronto, New York, London, and Swiss stock exchange. Within the two years of the company’s aggressive strategic plan, Barrick Gold Corporation became the top gold producer of North America. Barrick Gold Corporation has four regional business units located in Australia, Africa, North America and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Dominican Republic, Australia, Peru, Chile, Russia, South Africa, Colombia, Argentina and Tanzania. Barrick Gold Corporation has more than 27000 employees and it operates 26 mines in eight countries. Mission statement: A company’s mission statement identifies the purpose of a company’s reason for existing in the business world. * Products and services: Barrick Gold Corporation is mainly involved in gold mining, exploration and mine development, but apart from gold mining the company also produces copper, nickel development, oil and gas. * Customers: Barrick Gold Corporation is not dependent on selling gold to any individual buyer because central bank, government and other official institutions are the majority gold buyers. * Who we are? Barrick Gold Corporation started is gold mining business in the year 1983 and it is now the world’s largest gold mining company in terms of production and reserves. * What we do? Barrick Gold Corporation is an undermining industry and are

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