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NON-CONTROLLING INTERESTS (Tables) | 12 Months Ended
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Dec. 31, 2017
Interests In Other Entities [Abstract] |
Non-controlling interests | Outlined below is information related to our joint arrangements and entities other than 100% owned Barrick subsidiaries at December 31, 2017:
| Place of business | Entity type | Economic interest 1 | Method 2
Acacia Mining plc 3 | Tanzania | Subsidiary, publicly traded | 63.9% | Consolidation
Pueblo Viejo 3 | Dominican Republic | Subsidiary | 60% | Consolidation
South Arturo 3 | United States | Subsidiary | 60% | Consolidation
Norte Abierto Project 4 | Chile | JO | 50% | Our share
Donlin Gold Project | United States | JO | 50% | Our share
Kalgoorlie Mine | Australia | JO | 50% | Our share
Porgera Mine 5 | Papua New Guinea | JO | 47.5% | Our share
Turquoise Ridge Mine 5 | United States | JO | 75% | Our share
Veladero 6 | Argentina | JO | 50% | Our share
GNX 7,8 | Chile | JV | 50% | Equity Method
Jabal Sayid 7 | Saudi Arabia | JV | 50% | Equity Method
Kabanga Project 7,8 | Tanzania | JV | 50% | Equity Method
Zaldívar 7 | Chile | JV | 50% | Equity Method
1 | Unless otherwise noted, all of our joint arrangements are funded by contributions made by their partners in proportion to their economic interest.
2 | For our JOs, we recognize our share of any assets, liabilities, revenues and expenses of the JO.
3 | We consolidate our interests in Acacia, Pueblo Viejo and South Arturo and record a non-controlling interest for the 36.1%, 40% and 40%, respectively, that we do not own.
4 | We divested 25% of Cerro Casale on June 9, 2017, bringing our ownership down to 50%. As part of that transaction, we formed a joint operation with Goldcorp. The joint operation, which is now referred to as Norte Abierto, includes the Cerro Casale and Caspiche deposits.
5 | We have joint control given that decisions about relevant activities require unanimous consent of the parties to the joint operation.
6 | We divested 50% of Veladero on June 30, 2017, bringing our ownership down to 50%.
7 | Barrick has commitments of $301 million relating to its interest in the joint ventures.
8 | These JVs are early stage exploration projects and, as such, do not have any significant assets, liabilities, income, contractual commitments or contingencies. Expenses are recognized through our equity pick-up (loss). Refer to note 16 for further details.
| Pueblo Viejo | Acacia
For the years ended December 31 | 2017 |  | 2016 |  | 2017 |  | 2016 |
Revenue |  | $1,417 |  |  | $1,548 |  |  | $751 |  |  | $1,045 |
Income (loss) from continuing operations after tax | 293 |  | 810 |  | (630 | ) | 81 |
Other comprehensive income (loss) | — |  | — |  | — |  | — |
Total comprehensive income (loss) |  | $293 |  |  | $810 |  |  | ($630 | ) |  | $81 |
Dividends paid to NCI |  | $— |  |  | $— |  |  | $13 |  |  | $7 |
Summarized Statements of Cash Flows |  |  |  |
| Pueblo Viejo | Acacia
For the years ended December 31 | 2017 |  | 2016 |  | 2017 |  | 2016 |
Net cash provided by (used in) operating activities |  | $283 |  |  | $602 |  |  | ($15 | ) |  | $324 |
Net cash used in investing activities | (112 | ) | (54 | ) | (160 | ) | (190 | )
Net cash provided by (used in) financing activities | (539 | ) | (350 | ) | (62 | ) | (49 | )
Net increase (decrease) in cash and cash equivalents |  | ($368 | ) |  | $198 |  |  | ($237 | ) |  | $85 |
| Pueblo Viejo | Acacia
| As at December 31, 2017 |  | As at December 31, 2016 |  | As at December 31, 2017 |  | As at December 31, 2016 |
Current assets |  | $488 |  |  | $833 |  |  | $464 |  |  | $673 |
Non-current assets | 3,489 |  | 3,703 |  | 1,333 |  | 1,725 |
Total assets |  | $3,977 |  |  | $4,536 |  |  | $1,797 |  |  | $2,398 |
Current liabilities | 907 |  | 1,357 |  | 212 |  | 71 |
Non-current liabilities | 248 |  | 603 |  | 280 |  | 381 |
Total liabilities |  | $1,155 |  |  | $1,960 |  |  | $492 |  |  | $452 |
| Pueblo Viejo |  | Acacia |  | Cerro Casale |  | Other |  | Total |
NCI in subsidiary at December 31, 2017 | 40 | % | 36.1 | % | 25 | % | Various |  |
At January 1, 2016 |  | $1,232 |  |  | $677 |  |  | $318 |  |  | $50 |  |  | $2,277 |
Share of income (loss) | 174 |  | 34 |  | (1 | ) | (1 | ) | 206 |
Cash contributed | — |  | — |  | 2 |  | 68 |  | 70 |
Disbursements | (95 | ) | (7 | ) | — |  | (73 | ) | (175 | )
At December 31, 2016 |  | $1,311 |  |  | $704 |  |  | $319 |  |  | $44 |  |  | $2,378 |
Share of income (loss) | 118 |  | (211 | ) | 173 |  | (2 | ) | 78 |
Cash contributed | — |  | — |  | 1 |  | 12 |  | 13 |
Decrease in non-controlling interest | — |  | — |  | (493 | ) | — |  | (493 | )
Disbursements | (139 | ) | (13 | ) | — |  | (43 | ) | (195 | )
At December 31, 2017 |  | $1,290 |  |  | $480 |  |  | $— |  |  | $11 |  |  | $1,781 |

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