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We objectively analyze gold market and try to answer the following questions: Where are the gold prices heading? What are the top gold stocks to invest in?

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Barrick Gold Spends $125,000 To Lobby On Mining Reform, Tax And Energy

Written by  seekinGold

Associated Press reports that Barrick Gold (ABX) spend $125,000 in the second quarter to lobby Congress on mining reform, clean energy, and tax legislation.

Barrick Gold also lobbied both the House and the Senate about the Wall Street reform legislation as it applied to conflict minerals, transparency of extractive industries and mine safety.

The amount is lower when compared with the $340,000 that the company spent on lobbying in the year-ago quarter and the $261,000 spent in the first quarter.

From April through June, issues that Barrick Gold addressed was proposals dealing with mining law reform, taxation of mining companies and clean energy, according to a report with the House clerk's office.

The 1872 mining law, which Congress is seeking to revamp, provides mining preference over other uses on much of the nation's public land.

Last modified on Friday, 08 April 2011 01:57
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