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NON-CONTROLLING INTERESTS (Tables) | 12 Months Ended
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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 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 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 |

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