Barrick Gold Corp is a mining company founded in 1983 and headquartered in Canada. It is one of the largest gold mining companies in the world with 27 mines across Africa, North America, South America, and Australia. Barrick Gold began with operations in Canada and Chile but has since expanded internationally. It produces gold and copper and had over $6 billion in sales and 20,000 employees in 2007.

1. International Business Project Barrick Gold Corp Hojun Yun

2. Company Information Name: Barrick Gold Corp Industry: Mining Founded: 1983 Founder: Peter Munk Products: Gold, Silver, Copper

3. Brief History of Company Barrick gold was found by Peter Munk 1983. In 1994, company starts to expand its business globally from Chile. Today it has 27 mines all over the world. 1980: Barrick Petroleum Corporation is founded. 1983: Name changes to Barrick Resources Corporation; IPO on Toronto stock exchange is completed. 1985: Company name again changes, to American Barrick Resources Corporation. 1987: Barrick gains full ownership of Nevada's Goldstrike Property. 1995: Company finally named Barrick Gold Corporation. 1997: Gold prices crash; Barrick takes third quarter hit (first earnings loss) and closes four mines. 1998: Record earnings top $300 million; profits per ounce are six times nearest rival.

4. Size of the Company Sales: $6,332 million(2007) Number of Facilities: 4 Number of employees: 20,000 Net income: $1,119 million Number of mine: 27 Divisions: Africa, Australia, North America, South America

5. Extent of International Business North America: 3.2 million ounces of gold in 2007 at total cash costs of $370 per ounce. 35% South America: 2.1 million ounces of gold in 2007 at total cash costs of $197 per ounce. 32% Australia pacific: 2.1 million ounces of gold in 2007 at total cash costs of $452 per ounce and 87 million pounds of copper at total cash costs of $1.37 per pound.17% Africa: produced 605,000 ounces of gold in 2007 at total cash costs of $408 per ounce.16% Company has only three mines in its own country and the other 24 mines are at over sea.

7. Article http://www.corpwatch.org/article.php?id=14466 How Barrick threatens indigenous spiritual grounds. On-going community struggles against Barrick around the world. http://www.ens-newswire.com/ens/nov2008/2008-11-24-02.asp How Barrick threatens indigenous spiritual grounds. On-going community struggles against Barrick around the world.

8. Letters to the shareholders Gold production for the year was 8.6 million ounces, at total cash costs per ounce of $282, meeting our original guidance; copper production was 367 million pounds, exceeding our original production guidance, at total cash costs of $0.79 per pound; Earnings per share increased 136 per cent to $1.77; and Cash flow per share from operations rose 84 per cent to $2.48.

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