Two Canadian cities - Calgary and Winnipeg - feature in global professional services firm KPMG's list of 31 up-and-coming locations for IT Business Process Outsourcing (IT-BPO).
Barrick Gold is a Canadian mining company and the largest producer of gold in the world, with 27 mines in operation.
restricted its investigation to the Porgera mine in Papua New Guinea, which is run by Porgera Joint Venture, in which Barrick Gold has a 95 per cent stake.
According to the Council’s assessment, the company’s riverine disposal practice is in breach of international norms.
The Ministry of Finance has considered the matter in light of the Council on Ethics’ recommendation and has decided to exclude Barrick Gold Corporation from the investment universe of the Government Pension Fund – Global, in accordance with the Ethical Guidelines for the fund.
At the end of July 2008, the Government Pension Fund – Global owned shares worth just under NOK 1 248 million in the company. The decision to sell is made public after the shares have been sold, so as not to affect the sale.
ten years from now, economic historians may characterize the current period as the first time in modern history a global recession will have been averted thanks to emerging markets.