Skip to content
Subscriber Only

Car Talk Triggered Barrick-Cisco Plan to Add Tech to Mining

  • Thornton and Chambers forge partnership from mine to cloud
  • Tech-sparked consolidation to be buying opportunity: Thornton
John Chambers, right, and John Thornton.

John Chambers, right, and John Thornton.

Photographer: David Paul Morris/Bloomberg
Updated on

An unlikely collaboration between the world’s largest gold miner and a California tech giant began with a meeting about cars.

Earlier this year, John Thornton, executive chairman of Barrick Gold Corp., found himself in a room with Cisco Systems Inc. Chairman John Chambers. Thornton, a Ford Motor Co. director, was there to learn how technology is transforming the auto industry. Instead, he came away with a plan to reshape a business he says is at least a century out of date.