XML 115 R75.htm IDEA: XBRL DOCUMENT v3.10.0.1
NON-CONTROLLING INTERESTS (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018: 
 
Place of business
Entity type
    Economic interest1      
Method2
Acacia Mining plc3
Tanzania    
Subsidiary, publicly traded    
63.9%
Consolidation    
Pueblo Viejo3
Dominican Republic    
Subsidiary    
60%
Consolidation    
South Arturo3
United States    
Subsidiary    
60%
Consolidation    
Norte Abierto Project4
Chile    
JO    
50%
Our share    
Donlin Gold Project
United States    
JO    
50%
Our share    
Kalgoorlie Mine
Australia    
JO    
50%
Our share    
Porgera Mine5
Papua New Guinea    
JO    
47.5%
Our share    
Turquoise Ridge Mine5    
United States    
JO    
75%
Our share    
Veladero6
Argentina
JO
50%
Our share
GNX7,8
Chile    
JV    
50%
Equity Method    
Jabal Sayid7
Saudi Arabia    
JV    
50%
Equity Method    
Kabanga Project7,8
Tanzania    
JV    
50%
Equity Method    
Zaldívar7
Chile    
JV    
50%
Equity Method    
1 
Unless otherwise noted, all of our joint arrangements are funded by contributions made by the parties sharing joint control 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 the Norte Abierto project, includes the Cerro Casale, Caspiche and Luciano 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 $307 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

Cerro Casale

Other

Total

NCI in subsidiary at December 31, 2018
40
%
36.1
%
25
%
Various

 
At January 1, 2017

$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

Share of income (loss)
89

22

—

(1
)
110

Cash contributed
—

—

—

24

24

Disbursements
(108
)
—

—

(15
)
(123
)
At December 31, 2018

$1,271


$502


$—


$19


$1,792

  
Pueblo Viejo
Acacia
For the years ended December 31
2018

2017

2018

2017

Revenue

$1,333


$1,417


$664


$751

Income (loss) from continuing operations after tax
206

293

59

(630
)
Other comprehensive income (loss)
—

—

—

—

Total comprehensive income (loss)

$206


$293


$59


($630
)
Dividends paid to NCI

$—


$—


$—


$13

 
 
 
 
 
Summarized Statements of Cash Flows
 
 
 
 
 
 
 
 
 
 
Pueblo Viejo
Acacia
For the years ended December 31
2018

2017

2018

2017

Net cash provided by (used in) operating activities

$272


$283


$123


($15
)
Net cash used in investing activities
(144
)
(112
)
(45
)
(160
)
Net cash used in financing activities
(108
)
(539
)
(28
)
(62
)
Net increase (decrease) in cash and cash equivalents

$20


($368
)

$50


($237
)
  
Pueblo Viejo
Acacia
 
As at December 31, 2018

As at December 31, 2017

As at December 31, 2018

As at December 31, 2017

Current assets

$520


$488


$555


$464

Non-current assets
3,469

3,489

1,261

1,333

Total assets

$3,989


$3,977


$1,816


$1,797

Current liabilities
720

907

206

212

Non-current liabilities
402

248

246

280

Total liabilities

$1,122


$1,155


$452


$492