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Barrick's holistic approach to our business encompasses managing the many mine closure liabilities we have accumulated along the way. We are methodically moving to nonoperating tailings storage facilities, with the largest liabilities to safe closure. And that's also key to reducing our liabilities while we mine.
Mr. Sullivan has been CF’s CEO since 2011 and has guided the real estate company as it built its portfolio of retail, office and mixed-use properties, including major malls such as Toronto’s Eaton Centre. The pension says the new structure will help it share information, co-sourcing, and bestpractices across its global platform.
And just the sheer volume is off the charts, growing about 20x since 2011 to over a billion new malicious programs. And using bestpractices, we are able to give them the right policy configuration, ask the customer to review the policy changes or apply them. This is incredible. So, clearly, that is a challenge.
And we've put a group of process engineers together to look at all our autoclave installations and see how we can really learn from each other and lift the game to bestpractice. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
This resettlement, which aligns to the international bestpractices and standards will ensure that those affected by the project have the same, if not better, living conditions. When Barrick acquired the mine in 2011, it was unprofitable and resulted in a $5 billion write-down. And we have done nothing to destroy that value.
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