Barrick Gold CEO Says Mergers Won't Fix The Copper Shortage
Portfolio Pulse from Stjepan Kalinic
Barrick Gold's CEO, Mark Bristow, argues that mergers and acquisitions won't solve the copper shortage, emphasizing the need for new copper discoveries and developments. He comments on the limitations of M&A in the context of BHP's proposed $39 billion takeover of Anglo American. Bristow highlights Barrick Gold's focus on developing its copper assets independently, particularly the Reko Diq project in Pakistan, which is expected to significantly contribute to the local economy and create thousands of jobs.
May 09, 2024 | 1:02 pm
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Barrick Gold's CEO Mark Bristow emphasizes the company's focus on developing its copper assets, particularly the Reko Diq project in Pakistan, as a strategic move to address the copper shortage and contribute to economic growth.
Barrick Gold's emphasis on developing its own copper assets, especially the Reko Diq project, positions the company to potentially benefit from the global copper demand surge. The project's expected economic impact and job creation in Pakistan could enhance Barrick Gold's corporate reputation and financial performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90