Barrick Gold spent $240,000 in first quarter to lobby on mining rules, IMF gold sales

AP reports:

Barrick Gold Corp., a Canadian-based mining company, spent $240,000 in the first quarter to lobby on mining rules and other issues, according to a disclosure form.

The company also lobbied Congress on the International Monetary Fund's plan to sell more than 400 tons of gold to close a budget gap. The IMF's board has approved the potential sale, which could raise $11 billion.

The plan also requires congressional approval.

Barrick has proven and probable mineral reserves of 124.6 million ounces of gold, 6.2 billion pounds of copper, and 1,033 million ounces of silver.

Michael Brown, a former special assistant at the U.S. Mint, is among those registered to lobby for Barrick Gold.